Jackson Hewitt Reports Record Growth for Tax Season 2001

More Than 2.2 Million Returns Prepared;

Revenue and Sales Continue to Grow at Record Pace



Apr 27, 2001, 01:00 ET from Jackson Hewitt Inc.

    PARSIPPANY, N.J., April 27 /PRNewswire/ -- Jackson Hewitt Inc., a
 subsidiary of Cendant Corporation (NYSE:   CD), today announced another record
 performing year.  Coming off of its most successful tax season performance
 all-around, Jackson Hewitt Inc. realized a record-breaking 2.2 million income
 tax returns prepared at its more than 3,300 franchised Jackson Hewitt Tax
 Service(R) locations during Tax Season 2001, a more than 25% increase over the
 2000 tax season.  For Tax Season 2001, Jackson Hewitt Inc. reports that
 systemwide revenue for its storefront, Wal-Mart and Kmart franchised locations
 increased by approximately 36% over last tax season.
     "Our franchisees delivered stellar results as their customers continued to
 find great value, convenience and service in Jackson Hewitt," said Tarantin.
 "Our innovative marketing and advertising vehicles, and new product offerings,
 were well received and helped to draw past and new customers to our locations.
 We are extremely pleased with this year's results."
     Jackson Hewitt Tax Service locations are found throughout the U.S. as
 free-standing storefronts and inside nearly 800 retail locations, including
 Wal-Mart and Kmart.  For Tax Season 2001, locations in Wal-Mart and Kmart
 stores realized an approximately 38% growth in revenue vs. the 2000 tax
 season.
     "Great product offerings, a nearly 20% increase in number of locations,
 and first-rate teamwork, all came together to help us realize such outstanding
 results," said Dan Tarantin, president and CEO, Jackson Hewitt Inc.  "We are
 extremely proud of the accomplishments achieved by our franchise system."
 
     Jackson Hewitt Inc., a subsidiary of Cendant Corporation (NYSE:   CD) is the
 fastest growing national tax preparation service and is currently the nation's
 second largest company in this category.  With more than 3,300 locations in
 48 states and the District of Columbia, the company provides full service,
 individual federal and state income tax preparation through its proprietary
 computerized software system. Approximately 95% of all income tax returns
 filed through Jackson Hewitt locations are electronically filed (IRS e-file).
 Each Jackson Hewitt office is independently owned and operated. Jackson Hewitt
 Tax Service offices offer customers additional services such as Accelerated
 Check Refunds, Assisted Direct Deposit of refund checks, Refund Anticipation
 Loans and free electronic filing with paid tax preparation.  To contact a tax
 preparer in your area, call 1-800-234-1040 or visit our website at
 http://www.jacksonhewitt.com/.
 
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SOURCE Jackson Hewitt Inc.
    PARSIPPANY, N.J., April 27 /PRNewswire/ -- Jackson Hewitt Inc., a
 subsidiary of Cendant Corporation (NYSE:   CD), today announced another record
 performing year.  Coming off of its most successful tax season performance
 all-around, Jackson Hewitt Inc. realized a record-breaking 2.2 million income
 tax returns prepared at its more than 3,300 franchised Jackson Hewitt Tax
 Service(R) locations during Tax Season 2001, a more than 25% increase over the
 2000 tax season.  For Tax Season 2001, Jackson Hewitt Inc. reports that
 systemwide revenue for its storefront, Wal-Mart and Kmart franchised locations
 increased by approximately 36% over last tax season.
     "Our franchisees delivered stellar results as their customers continued to
 find great value, convenience and service in Jackson Hewitt," said Tarantin.
 "Our innovative marketing and advertising vehicles, and new product offerings,
 were well received and helped to draw past and new customers to our locations.
 We are extremely pleased with this year's results."
     Jackson Hewitt Tax Service locations are found throughout the U.S. as
 free-standing storefronts and inside nearly 800 retail locations, including
 Wal-Mart and Kmart.  For Tax Season 2001, locations in Wal-Mart and Kmart
 stores realized an approximately 38% growth in revenue vs. the 2000 tax
 season.
     "Great product offerings, a nearly 20% increase in number of locations,
 and first-rate teamwork, all came together to help us realize such outstanding
 results," said Dan Tarantin, president and CEO, Jackson Hewitt Inc.  "We are
 extremely proud of the accomplishments achieved by our franchise system."
 
     Jackson Hewitt Inc., a subsidiary of Cendant Corporation (NYSE:   CD) is the
 fastest growing national tax preparation service and is currently the nation's
 second largest company in this category.  With more than 3,300 locations in
 48 states and the District of Columbia, the company provides full service,
 individual federal and state income tax preparation through its proprietary
 computerized software system. Approximately 95% of all income tax returns
 filed through Jackson Hewitt locations are electronically filed (IRS e-file).
 Each Jackson Hewitt office is independently owned and operated. Jackson Hewitt
 Tax Service offices offer customers additional services such as Accelerated
 Check Refunds, Assisted Direct Deposit of refund checks, Refund Anticipation
 Loans and free electronic filing with paid tax preparation.  To contact a tax
 preparer in your area, call 1-800-234-1040 or visit our website at
 http://www.jacksonhewitt.com/.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X37853854
 
 SOURCE  Jackson Hewitt Inc.