Greenblatt Strategy Ranks Pre-Paid Legal Services as Investment Winner


    


    
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<p>ADA, Okla., <chron>Oct. 30</chron> /CNW/ -- Pre-Paid Legal Services, Inc. (NYSE:   PPD) has been named as the 4th highest rated stock in a recent ranking of the 3,500 largest U.S. stocks by <person>Joel Greenblatt</person>, a leading investment strategist and author of The Little Book That Beats the Market.</p>
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<p>Greenblatt's so-called "Magic Formula" for investing is based on specific applications of two important variables: 1) return on capital, or how profitably a company uses its assets, and 2) earnings yield, or the earnings per share divided by the stock price.  Among the 3,500 stocks rated, PPD garnered a ranking of number 32 for return on capital and number 16 for earnings yield.  The combined total of both compared to other stocks moved PPD into the overall number 4 ranking.</p>
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<p><person>John Reese</person>, founder of Validea.com and author of The Guru Investor: How to Beat the Market Using History's Best Investment Strategies, recently published a RealMoney article in which he said, "Greenblatt's strategy sits comfortably among those of the giants of the investing world."</p>
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<p>"We are pleased to see more recognition from the investment community for Pre-Paid Legal Services," said Harland C. Stonecipher, PPD's Founder and CEO.</p>
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<p>The Greenblatt ranking adds to the growing list of positive corporate achievements, including PPD's rise to number 66 on the Forbes Magazine 2009 "America's 200 Best Small Companies" and being named as one of the best 100 U.S. Companies by DeMarche Associates, Inc. in their 2009 annual best company survey.</p>
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    About PPD
    
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<p>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 <location>Canada</location>, 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 our products and us can be found at our homepage at <a href="http://www.prepaidlegal.com">www.prepaidlegal.com</a>.</p>
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    Forward Looking Statements
    
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<p>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 during an economic downturn in the economy consumer purchases of discretionary items may be affected which could materially harm our sales, retention rates, profitability and financial condition, 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 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 15 - 17 of our 2008 Form 10-K and pages 7 and 8 of our <chron>September 30, 2009</chron> 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.</p>
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For further information: For further information: George Snyder of Pre-Paid Legal Services, Inc., +1-580-421-6339, cell, +1-580-310-4067, georgesnyder@pplsi.com Web Site: http://www.prepaidlegal.com

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PRE-PAID LEGAL SERVICES, INC.

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