What's the Price of Procrastinating on Your Taxes?

SAN FRANCISCO, March 22, 2011 /PRNewswire/ -- Banks.com, Inc. (NYSE Amex: BNX) (the "company") announced today that FileLater.com, leader in online tax extensions, has released its Annual Tax Procrastination map. The map provides a real time view of tax extensions being filed by taxpayers across the United States and can be viewed at: http://www.FileLater.com/procrastinate.

"It's little wonder why people procrastinate in doing their taxes. Dealing with the IRS is up there with public speaking as far as human fears go and the fear is so acute that some people say they fear the IRS more than they fear their own deaths!" commented Dan O'Donnell, CEO of Banks.com. "Last year, over 10 million taxpayers opted to file tax extensions prior to the April filing deadline to extend their tax return due date to October 15th".

FileLater.com, Banks.com's most recent acquisition, allows taxpayers to file a tax extension with the IRS online and receive a quick acknowledgment from the IRS with no questions asked and no need to provide a reason for the extension. "Among the many comfort levels filing an online extension with FileLater provides is the IRS will approve and acknowledge your tax extension electronically online. That's a comfort level you just can't get when you put a stamp on an envelope and send your extension to the IRS through the U.S. Mail," added O'Donnell.

The company also announced that FileLater.com customers who file an online extension using their Facebook account to login and who share their experience with five of their Facebook friends can file their extension absolutely free. "FileLater customers who utilize their Facebook logins, not only get to file their tax extension online for free, they also get to share a discount with their friends who need to file an extension," concluded O'Donnell.

About Banks.com

Banks.com, Inc. operates internet media properties including: banks.com, irs.com, filelater.com and mystockfund.com. Our properties provide users with relevant finance-related content and services and provide vendors targeted online advertising opportunities.  Through banks.com, we provide access to current financial content, including financial news, business articles, interest-rate tables, stock quotes and financial calculators.  We also provide users access to tax related financial services including free online tax preparation through irs.com and online tax extensions through filelater.com, a business we acquired in late 2010, as well as online stock brokerage services through mystockfund.com. In addition to Banks.com, it operates other search related websites including Look.com.

Get up to date information on Mortgage Rates, CD Rates & Home Equity Rates at Banks.com.

Forward Looking Statements

This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding acquisitions, business estimates, future contracts, future financial performance and results of operations, including cost of revenues, operating expenses, interest expense, net loss and cash flow. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that may cause actual results to differ materially from those projected or suggested in the forward-looking statements may be found in Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the U.S. Securities and Exchange Commission.

SOURCE Banks.com, Inc.

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