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.
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. 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
SOURCE Pre-Paid Legal Services, Inc.
For further information: George Snyder, PR Director of Pre-Paid Legal Services, Inc., +1-580-421-6339, or cell, +1-580-310-4067, firstname.lastname@example.org Web Site: http://www.prepaidlegal.com