ADA, Okla., March 15 LAWFUEL – NYSE & Investment News — Pre-Paid Legal Services, Inc. (NYSE: PPD), reported that we were contacted by the NYSE today concerning our increased stock activity. We have no comment on recent trading activity.
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 .
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 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 significantly increase our employee group membership sales and 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. Please refer to pages 14 and 15 of our 2006 Form 10-K for a more complete description of these risks. We undertake no duty to update any of the forward-looking statements in this release.