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Legal Club of America's Subsidiary, Einstein Computer Corporation, Announces Marketing Agreement With Scibal Associates/Advantage Comp.
May 11, 2000--Legal Club of America LEGL announced today that its subsidiary, Einstein Computer Corporation (ECC), has signed a marketing agreement with Scibal Associates/Advantage Comp. (AdComp). AdComp will use its existing network of brokers to market ECC's affordable, all-inclusive computer systems and accessories to municipal and government employees as a voluntary benefit. AdComp is a Managing General Agency that markets and administers worker's comp and liability insurance. It will begin marketing ECC's computers, through its broker network, to the 450 municipalities in the State of New Jersey that it currently serves, representing almost 100,000 employees. In addition, AdComp will join forces with its brokers to expand its marketing activities for ECC computers throughout the Northeast and Midwest regions of the United States. David Scibal, President and CEO of Scibal Associates/Advantage Comp stated, "Einstein Computer Corporation offers a truly innovative and exciting new benefit. We believe we can sell more than 30,000 units in a relatively short time as part of our on-going effort to better serve our clientele. The municipal market includes employees of cities, counties and school districts. These employee groups are stable and educated in the need for and use of technology." Richard W. Campanaro, President and COO of Einstein Computer Corp. stated, "Scibal Associates/AdComp is one of the four largest third party administrators in the country, with a 25-year history of outstanding service. Because of its proven ability, AdComp has expanded into the sale of worker's comp/liability insurance in a very rapid and profitable manner. ECC believes that AdComp will prove to be a large, instrumental marketer of Einstein computers in New Jersey and the surrounding area." Legal Club of America Corp. is a nationwide leader in marketing products and services to consumers at the workplace. Legal Club of America" has been successfully marketing a nationwide discount legal referral program for over four years through a network of over 20,000 independent and captured insurance agents and approximately 30 of the nations largest insurance companies such as Transamerica Assurance and Aon Corp. The program provides individuals and small business owners with a variety of free and deeply discounted legal services from a network of over 10,000 qualified attorneys throughout all 50 states, Puerto Rico, the US Virgin Islands and Singapore. The Company markets its products through a combination of work-site enrollments, infomercials, direct marketing and Internet marketing through its Web site, www.legalclub.com. Legal Club of America has strategic marketing arrangements with NetZero.com, and EmployeeSavings.com and is currently providing its plans to the employees of companies such as 3M, Cendant Corp., Boeing, Tower Records and Honeywell. ECC, launched in April 2000, will leverage its parent corporation's unparalleled distribution network of insurance agents to market its technology portfolio to the estimated 150,000,000 Americans in need of a computer for themselves or their family. In addition to marketing through payroll deduction at the workplace, ECC will also market its products through its newly designed Web site, www.einsteincomputer.com. This fully interactive web site will allow consumers to purchase computers, software, and accessories using the latest e-commerce technology. The Company is headquartered in Ft. Lauderdale, FL and has regional sales offices in Tampa, Chicago, New York and Denver. Institutional investors include SF Sentry Fund and Edelson Technologies and Bulldog Investments. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Legal Club of America Corporation and Peoples Choice disavow any connection, association or sponsorship by Albert Einstein or his estate |
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