Updated: February 13, 2009
EmailPRE-PAID ANNOUNCES 2008 4th QUARTER & YEAR-END RESULTS
ADA, OK, January 2, 2009 - Pre-Paid Legal Services, Inc. (NYSE: PPD), reported new memberships produced and new sales associates enrolled for the fourth quarter and for the year ended December 31, 2008. During the 4th quarter of 2008, new sales associates enrolled decreased 9.7% to 32,533 from the 36,029 enrolled in the 4th quarter of 2007 and new memberships produced decreased 11.6% to 132,641 during the 2008 quarter compared to 150,100 for the 2007 quarter.
For the year 2008, new sales associates enrolled decreased 17.8% to 122,255 compared to 148,802 enrolled during 2007 while new memberships produced were 552,327, down 9.8% from 612,096. Our active memberships decreased 1.1% during 2008 from 1,575,802 to 1,559,154. From the 3rd quarter of 2008 to the 4th quarter of 2008, our active memberships decreased by 16,739 memberships.
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Updated: February 13, 2009
EmailPPD Adds 100th Millionaire Club Member
Racing Calendar & Competition, Texan Becomes Century Member
ADA, OK, December 31, 2008 - Pre-Paid Legal Services, Inc. (NYSE: PPD) Chairman & CEO Harland Stonecipher announced earlier today that Phillip Ernest, an independent sales associate from Ft. Worth, Tex., has become the 100th member to join the company's "Millionaire Club."
The "Millionaire Club" recognizes those sales associate who have eclipsed over $1 million in commissions during their tenure with the company.
Earlier this week, Brenda Anderson of Glendale, Ariz., became the 99th member to join the prestigious list.
"We knew it was going to be close," Stonecipher said, in referencing the 100th member being added on the final day of 2008. "The timing is exceptional. We're closing the year and, as we look ahead, we can look forward to a second 100 being added to the list."
Stonecipher said the race to be among the first 100, along with beating the calendar change, was fierce.
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Updated: December 12, 2008
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PPD ANNOUNCES 2008 3rd QTR FINANCIAL RESULTS
Membership Revenues Up 1%; Net Income Up 25% and EPS Up 40%
ADA, OK, October 27, 2008 - Pre-Paid Legal Services, Inc. (NYSE:PPD), announced financial results for the third quarter ended September 30, 2008. Membership revenues increased 1% to $109.3 million from $107.7 million for the same period last year. Net income increased 25% to $14.4 million from $11.6 million for the previous year. Diluted earnings per share for the quarter increased 40% to $1.23 per share from 88 cents per share for the prior year's comparable quarter, higher than the net income increase, due to a 10% decrease in the weighted average number of outstanding shares.
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Updated: October 23, 2008
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Economic Slump - Not For Some
In These Tough Economic Times, Pre-Paid Legal Services, Inc. Independent Sales Associates Experience Continued Success
ADA, OK, October 23, 2008 - Pre-Paid Legal Services, Inc. (NYSE:PPD). While many businesses are shutting down or laying off employees, Pre-Paid Legal is still, not only a rock solid company, but succeeding with a sales force of over 400,000 Independent Associates across North America.
Chief Financial Officer of Pre-Paid Legal Services, Inc, Steve Williamson had this to say about this year's growth: "In tough economic times we see increased interest in people wanting to market our Legal Services Plans as Independent Sales Associates. This increased interest will lead to our 16th consecutive year of growing our Membership revenues."
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