Pre-Paid Legal Services, Inc. to Host 2011 International Convention, April 7-9 PPD Marks Pivotal Year with Major Convention Acti
01 April 2011 - 11:01PM
PR Newswire (Canada)
ADA, Okla., April 1, 2011 /CNW/ -- Following the recent
announcement of the proposed merger acquisition by MidOcean
Partners, Pre-Paid Legal Services, Inc. (NYSE: PPD) will march into
the 2011 International Convention in Oklahoma City, April 7-9 with
an ambitious agenda that focuses on both the future of the company
and its history as a pioneer of the U.S. legal service plan
industry. "This is a pivotal year for Pre-Paid Legal Services,"
said PPD Founder and Chairman of the Board Harland C. Stonecipher.
"Over the past 39 years Pre-Paid Legal has established itself as
both a leader in the legal service plan industry and as a company
that offers individuals the opportunity to own their own business,"
he said. "As we look toward the fourth decade, Pre-Paid Legal will
continue to provide quality legal services to the public while
pursuing our corporate mission of 'equal justice under the law,'"
Stonecipher said. Among the highlights for the 2011 event, will be
a series of presentations by MidOcean Partners' executives
concerning plans for the company following the completion of the
acquisition. In addition, Jim Stovall, president of Narrative
Television Network, and the co-producer of the film, "The Lamp,"
will discuss the film and how PPD will utilize the production in
charity fundraising events over the coming months. Stovall will be
joined on stage by Oscar winner Lou Gossett Jr., who stars in the
film. Chairman Stonecipher has a cameo role in the film, along with
CEO Steve Forbes of Forbes magazine and CEO Paula Marshall of the
Bama Companies. An estimated 11,000 PPD independent sales
associates and guests, along with attorneys from PPD's 38
independent provider law firms, will attend the event at the Cox
Convention Center. Dignitaries who will address the attendees
include: U.S. Congressman (Oklahoma's 4th District) Tom Cole,
Oklahoma Attorney General Scott Pruitt. The 2011 International
Convention marks the 11th time the event has been hosted in the
capital city. Mayor Mick Cornett, who in past years has appeared
before the Pre-Paid Legal conferees, once again welcomes the
attendees to Oklahoma City. "Pre-Paid Legal is a home-grown
Oklahoma success story and I welcome the company's associates from
throughout the U.S. and parts of Canada to Oklahoma City. Each
year, the company stages one of Oklahoma City's largest
conventions, adding millions of dollars to the city's economy,"
Mayor Cornett said. The PPD International Convention is an annual
event organized to offer training and development activities to
help associates develop specific sales and recruitment skills and
to recognize associate success in business development. Pre-Paid
Legal has approximately 600 employees at its corporate headquarters
in Ada and an additional 50 employees in Antlers and 80 employees
in Duncan. 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.
Please refer to pages 20 - 23 of our 2010 Form 10-K for a more
complete description of these risks. Additionally, these risks and
uncertainties may include changes in associate recruitment and
member retention. We undertake no duty to update any of the
forward-looking statements in this release. Additional Information
and Where to Find It In connection with the merger, Pre-Paid will
prepare a proxy statement to be filed with the Securities and
Exchange Commission (the "SEC"). When completed, a definitive proxy
statement and a form of proxy will be mailed to Pre-Paid's
shareholders. BEFORE MAKING ANY VOTING DECISION, PRE-PAID'S
SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE
MERGER CAREFULLY AND IN ITS ENTIRETY BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Pre-Paid's
shareholders will be able to obtain without charge, a copy of the
proxy statement (when available) and other relevant documents filed
with the SEC from the SEC's website at www.sec.gov. Pre-Paid's
shareholders will also be able to obtain, without charge, a copy of
the proxy statement and other relevant documents (when available)
by directing a request by mail or telephone to Pre-Paid Legal,
Attn: Randy Harp, One Pre-Paid Way, Ada, Oklahoma 74820, telephone:
(580) 436-1234, or the investor relations section of the Company's
website:
http://www.prepaidlegal.com/newCorp2/investor/investor_home.html
George Snyder, PR Director of Pre-Paid Legal Services, Inc.,
+1-580-421-6339, or cell, +1-580-310-4067, georgesnyder@pplsi.com
Web Site: http://www.prepaidlegal.com
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