Pre-Paid Legal Services, Inc. Addressing Foreclosure Crisis

    Sales Force Training Call Set on Topic

    ADA, Okla., Nov. 2 /CNW/ -- With the ongoing foreclosure flood rising and
expected to crest in 2008 and 2009, Pre-Paid Legal Services, Inc. (NYSE:   PPD)
is taking measures to better educate its sales force on how the company's
legal membership can assist homeowners.
    "We can help people and we should," said Pre-Paid Legal Services, Inc.
CEO Harland Stonecipher. "As a company, we're committed to doing all we can to
educate and train our sales force -- especially on this topic. We've
positioned ourselves for years as a 'Life Events Legal Plan' and home
foreclosure dramatically fits that description."
    Stonecipher said he would be hosting a company-wide conference call on
Wednesday, Nov. 7, to address the issue, speaking directly to the company's
400,000-strong sales force.
    "This issue isn't going away," he said. "The best thing any of us can do
is make sure we know our rights and understand our options -- whether this
issue or the countless other legal events that touch our lives daily. To do
that, we need the ability to speak with an attorney."
    Stonecipher, in preparation for the training call, referenced media
reports indicating:

    -- 100% increase in foreclosures, July-September, from one year ago;
    -- 1-of-196 households have experienced foreclosure activity in the most
       recent quarter;
    -- Lenders are bracing for "reset" in 2008 and 2009 of adjustable-rate
       mortgages originated in 2005 and 2006.
    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, 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 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 and pages 7 and 8 of our September 30, 2007 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.

For further information:

For further information: John Long of Pre-Paid Legal Services, Inc., 
+1-580-436-1234 Web Site:

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