Ebix Revises Its Effective Tax Rate Forecast to 16-20%

Ebix, Inc. EBIX announced that it is revising its forecasted effective tax rate to increase to 16-20% between now and the 2013. The Company's changed forecast is driven by its decision to release its entire valuation allowance in Q2 of 2011, based on the projected certainty of its future income; and the Company's strategic decision to centralize its international development & IP operations in Singapore.