PPD (Pre-paid Legal Services) on the move Message Board

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Non-Tech : PPD (Pre-paid Legal Services) on the move

PPD 47.28

0.0%

Dec 8 4:00 PM EST

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To: Leslie S. Feinberg who wrote (631)	6/12/1998 2:51:00 PM
From: Rob LeVine	Read Replies (1) of 801

From Randy Harp (CFO): We began receiving revenues in January, 1998 from memberships sold by Primerica Financial Services ("PFS"). To date, PFS has sold more than five thousand memberships. We are currently working with PFS to re-launch the legal services product on a stand alone basis sometime in August, 1998. The memberships that have been sold so far by PFS have been part of a bundle of products and services which PFS calls "Family Value Account". I believe Salomon Smith Barney ("SSB") initially increased their estimates by 10 cents for 1998 based on anticipation of significant production from both PFS and CNA Insurance. Primarily due to the delay in any CNA sales, SSB has reduced its estimates by 2 cents for 1998 and currently estimates earnings of 28 cents per share for the quarter ending June 30, 1998. I hope this answers your questions. Thank you for your continued interest, Randy Harp

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