ADA, Okla., Jan. 5, 2011 /PRNewswire/ -- On Saturday, January 8, Pre-Paid Legal Services,
Inc. (NYSE: PPD) Founder and Chairman of the Board Harland C.
Stonecipher will make a special appearance at the San Diego Convention Center
(www.visitsandiego.com) to discuss recruitment opportunities with
Pre-Paid Legal Services and the expanding legal service plan market
in southern California.
There will be a PPD business briefing from 10:00 – 11:00 a.m. (PST) and an associate training from
11:30 a.m. to 3:00 p.m. Chairman
Stonecipher will address the PPD independent associates at
10:30 a.m. Guests attending the
"Super Saturday" event are admitted for free.
"We're committed to making 2011 the best year yet for Pre-Paid
Legal Services and southern California is certainly a major component in
our overall growth strategy," Stonecipher said. "To expand our
market penetration, we will emphasize recruitment of motivated
independent associates, the key to expanding this market share," he
said.
The southern California
"recruitment mission" follows another recent PPD recruitment
initiative, the January 1 premiere of
"Pre-Paid Legal Services, Inc.: A Business for Today," on Fox
Business News.
"With an unemployment rate of 12.4 percent in November 2010, compared to 9.8 percent for the
U.S. as a whole, it's clear there are people in California who need an opportunity for
financial independence," Stonecipher said.
According to the California Employment Development Department,
there were more than 2.2 million unemployed workers in the state in
November 2010.
"Some of these displaced workers may be interested in what
Pre-Paid Legal Services has to offer," Stonecipher said.
The southern California event
is being hosted by Regional Vice President Mark Smith of Mission
Viejo, California. Smith and his wife, Tammy, were the
recipients of the 2010 Chairman's Award, the prestigious annual
award that recognizes top leadership among thousands of independent
PPD associates.
"Chairman Stonecipher's January 8
appearance is generating great enthusiasm among the thousands of
associates in markets throughout the region, and especially in the
San Diego market under the
leadership of Regional Manager Todd
Cahill," Smith said.
There are an estimated 400,000 independent associates who market
PPD legal service plans throughout the U.S. and four provinces of
Canada and the company has an
estimated 1.5 million members (customers).
About PPD -- We believe our products are one of a kind,
life events legal service plans. Our plans provide for legal
service benefits provided through a network of independent law
firms across the U.S. and Canada,
and include unlimited attorney consultation, will preparation,
traffic violation defense, automobile-related criminal charges
defense, letter writing, document preparation and review and a
general trial defense benefit. We have an identity theft
restoration product we think is also one of a kind due to the
combination of our identity theft restoration partner and our
provider law firms. More information about us and our products can
be found at our homepage at http://www.prepaidlegal.com.
Forward-Looking Statements -- Statements in this press
release, other than purely historical information, regarding our
future plans and objectives and expected operating results,
dividends and share repurchases and statements of the assumptions
underlying such statements, constitute forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934. The forward-looking statements contained herein are based on
certain assumptions that may not be correct. They are subject to
risks and uncertainties incident to our business that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties are
described in the reports and statements filed by us with the
Securities and Exchange Commission, including (among others) those
listed in our Form 10-K, Form 10-Q and Form 8-K, and include the
risks that our membership persistency or renewal rates may decline,
that we may not be able to continue to grow our memberships and
earnings, that we are dependent on the continued active
participation of our principal executive officer, that pending or
future litigation may have a material adverse effect on us if
resolved unfavorably to us, that we may have compromises of our
information security, that consumer purchases of discretionary
items may be impacted by a downturn in the economy, that we could
be adversely affected by regulatory developments, that competition
could adversely affect us, that we are substantially dependent on
our marketing force, that our stock price may be affected by short
sellers, that we have been unable to increase our employee group
membership sales, that our active premium in force is not
indicative of future revenue as a result of changes in active
memberships from cancellations and additional membership sales and
that we have repurchased more than half of our outstanding shares.
Please refer to pages 16 through 19 of our 2009 Form 10-K and pages
7 and 8 of our September 30, 2010
Form 10-Q for a more complete description of these risks. We
undertake no duty to update any of the forward-looking statements
in this release.
SOURCE Pre-Paid Legal Services, Inc.