SALT LAKE CITY, July 22, 2014 /PRNewswire/ — LLP Legal Plans, Inc.’s CEO, Scott Weissman, announced today the Company’s plans to begin an aggressive acquisition strategy in the legal plan industry as well as the Company’s intention to pursue a reverse merger with an undisclosed reporting “shell” company on the bulletin board exchange.

“The Legal Plan Industry is estimated at $30 billion per year and, aside from the three major providers, is primarily comprised of small to medium sized regional legal plan organizations,” said Weissman. He added, “We have already identified numerous legal plan providers as potential acquisition targets and will begin making them offers in our bid to roll-up this highly fragmented industry.”

This Industry has seen major acquisitions take place in the past. Most recently, in 2010, the largest provider of individual legal plans, Pre-Paid Legal, was acquired by MidOcean, a private equity firm for $650 million in cash. Also in 2010, MetLife, Inc. acquired Signature Legal Care, and in 1997 they purchased Hyatt Legal Plans.

LLP Legal Plans’ Board of Directors has not disclosed the terms of the reverse merger pending final approval and proper disclosure by the reporting company.

About LLP Legal Plans, Inc.

LLP Legal Plans, Inc. designs, administers and markets comprehensive legal plans for employers, affinity groups and individual consumers for a monthly premium. The company intends to become the industry leader of legal plan providers through an aggressive acquisition strategy designed to roll-up the competition.

SOURCE LLP Legal Plans, Inc.