Pre-Paid Legal Q4 Reports Memberships and Recruiting Rise

Pre-Paid Legal Services Inc. (PPD | charts | news | PowerRating) reported that the fourth quarter new sales associates enrolled increased 2% to 36,029 from 35,311 in the prior year quarter. New memberships produced for the quarter rose 7% to 150,100 from 139,638 in the last year quarter. For fiscal 2007, new sales associates enrolled decreased 14% to 148,802 from 172,999 in the same period last year. New memberships produced for the year were 612,096, down slightly from 612,726 in the previous year period. Active memberships for fiscal 2007 increased 2% to 1,575,802 from 1,538,740.

The company anticipates its fourth quarter and yearly earnings will be announcing on February 19, 2008 after market closes and hosting conference call to discuss earnings on February 21, 2008.

 

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