Mission Recruitment: Pre-Paid Legal Service Chairman Marches into San Diego
January 05 2011 - 7:01AM
PR Newswire (Canada)
ADA, Okla., Jan. 5, 2011 /CNW/ -- Southern California Remains a PPD
Growth Market 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. George Snyder, PR
Director of Pre-Paid Legal Services, Inc., desk +1-580-421-6339,
cell +1-580-310-4067, georgesnyder@pplsi.com Web Site:
http://www.prepaidlegal.com
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