Pre-Paid Legal Adds 100th ‘Millionaire Club’ Member

Pre-Paid Legal Adds 100th ‘Millionaire Club’ Member

ADA, Okla., Dec. 31, 2008 (Canada NewsWire via COMTEX) —-


Pre-Paid Legal Services, Inc. (NYSE: PPD: 37.17, -0.07, -0.19%) Chairman & CEO Harland Stonecipher announced earlier today that Phillip Ernest, an independent sales associate from Ft. Worth, Tex., has become the 100th member to join the company’s “Millionaire Club.”


The “Millionaire Club” recognizes those sales associate who have eclipsed over $1 million in commissions during their tenure with the company.


Earlier this week, Brenda Anderson of Glendale, Ariz., became the 99th member to join the prestigious list.


“We knew it was going to be close,” Stonecipher said, in referencing the 100th member being added on the final day of 2008. “The timing is exceptional. We’re closing the year and, as we look ahead, we can look forward to a second 100 being added to the list.”


Stonecipher said the race to be among the first 100, along with beating the calendar change, was fierce.


“There are several sales associates literally within a few hundred dollars of joining the list,” he said. “We know we’ll be adding more members to this list in the first week of ’09.”


Ernest, who joined the company in 1996, was also recognized for having eclipsed $100,000 in commissions during a one-year timeframe in 1999. He said it’s an honor to be part of the first 100 to be included in Pre-Paid’s “Millionaire Club” ranks.


“The list is a sort of ‘Hall of Fame’,” Ernest said. “The fact I’m now included demonstrates the value of our product and the worth of persistence. A lot of people have earned over $1 million in Pre-Paid Legal by building a large organization or agency. Some of us have simply gone out and sold a lot of memberships.”


Stonecipher said Pre-Paid Legal Services, Inc., along with reaching this milestone of seven figure earners, is routinely recognizing sales associates obtaining record income levels of $100,000, $250,000, $500,000 and $1 million in a 12-month period of time.


“It is a sign of times,” he said. “While other products, services and industries are suffering through this economic climate, we’re finding our membership is being viewed as a ‘Now Benefit’ – something people need and can use immediately. Just within the past few months, we’re finding employers are more receptive than ever to have us present our product to their employees.”


“The fact is, we don’t need a bailout at Pre-Paid Legal Services, Inc.,” he continued. “We’re probably one of the most financially-sound companies in America today. What we have, in fact, can bail other people out.”


About Us – 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 as well as 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 because of the combination of outside vendors and our provider law firms. More information about us and our products can be found at our homepage at


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 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 2007 Form 10-K and pages 7 and 8 of our September 30, 2008 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.

This company has made millionaires of 100 people and you have the opportunity to be the next one! you would like more information about how you can be Pre-Paid Legal’s next millionaire, log on to or″>

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