Pre-Paid Legal Services Announces 2008 1st Quarter Membership and Recruiting Results and Additional Share Repurchase Authorization
Pre-Paid Legal Services, Inc. , reported new memberships produced and new sales associates enrolled for the 2008 first quarter. During the 1st quarter of 2008, new sales associates enrolled decreased 16.9% compared to the first quarter of 2007. Memberships produced decreased by 13.2% while new membership fees written decreased by 10.6% and our active membership base increased 1.0% compared to the comparable period of the previous year.On a sequential quarterly basis, new associates enrolled decreased 28.4%; new memberships produced decreased 6.6%, new membership fees written decreased 6.6% and our active membership base decreased by 8,843 memberships.
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