FOR IMMEDIATE RELEASE
March 28, 2005
JACKSON, MS - USlegal, Inc., a newly formed holding company whose assets include USlegalforms.com, announced today that it has entered into a Stock Purchase Agreement with former SkyTel Communications Chairman John N. Palmer. Under terms of the agreement, Palmer has acquired the right to invest in excess of $5 million in the Company. Palmer will join the USlegal Board of Directors.
USlegal, Inc., as a parent corporation of various USlegal companies, integrates offerings to attorneys and the public which include legal information, legal products, legal forms, and document preparation. Much of the Company's success has been fueled by USlegalforms.com, which delivers immediate access to more than 36,000 state specific legal forms.
According to USlegal CEO Frank Edens, the capital provided by Palmer will assist the Company in taking advantage of growth opportunities in the legal publishing industry.
"John Palmer has been a founder and chairman of several very successful companies and his investment underscores a very important endorsement of the concept our Company is developing," said USlegal CEO Frank Edens.
Palmer, former Chairman and founder of SkyTel Communications, was appointed by President George W. Bush to serve as U.S. Ambassador to Portugal, a post that he held until this year. In addition to SkyTel, which he sold to MCI WorldCom in 1999, he formed Mobile Communications Corporation of America (MCCA), which he later sold to Bell South.
"I have looked at many opportunities in the technology field and was impressed with the proven track record and business model that USlegal, Inc. has implemented. I am excited about being involved and taking this Company to the next level," said Palmer.
##### #####
John Palmer has been an entrepreneur, telecommunications pioneer, and community leader. He began his career in telecommunications with the purchase of a local radio common carrier in 1965. By 1973, he had developed more than nine regional paging companies throughout the South. That year, he formed Mobile Communications Corporation of America (MCCA). During his 16-year tenure as Chairman and President, MCCA grew to become a significant force in the cellular telephone business.
In 1989, Palmer sold MCCA to BellSouth but retained certain businesses that became SkyTel Communications. These operations included SkyTel's domestic one-way paging and advanced messaging system and Latin American paging services. SkyTel became a leader in advanced wireless messaging and deployed the first nationwide two-way wireless messaging network. Palmer served as Chairman of SkyTel until its sale to MCI WorldCom in 1999.
Palmer was appointed U.S. Ambassador to Portugal by President George W. Bush and held the post from 2001- 2005. Prior to his appointment as Ambassador, Palmer was Chairman of GulfSouth Capital, Inc. in Jackson, Mississippi, which helped finance tech companies. He was also appointed by President Bush to sit on the President's Export Council as a Private Sector Advisor to the Secretary of Commerce and by President Reagan as the Private Sector Trade Advisor to the Office of the U.S. Trade Representative. A native of Mississippi, Palmer received both a bachelor's degree and M.B.A from the University of Mississippi.
For more information contact:
Carrie Criado
Director of Public Relations
U.S. Legal Forms, Inc.
Phone: (601) 896-0180 ext. 320
Fax: (601) 896-0199
Email: carrie@uslegalforms.com
Offering legal forms over the Internet since 1996, USlegalforms.com is the leading Legal Forms Company. We were founded and are operated by attorneys!
View our free guide to get started today. Organize your LegalLife for yourself and your family. | More LegalLife Information...
Need to ask a legal question? Submit your request online and receive a response by email. Our participating attorneys will provide you with the legal information you need but can't find. Legal Advice is not provided. | Ask a Lawyer