EX-99.1
2
a05-21657_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
For Immediate Release
Contact:
Danny Wright
Bob Bintliff
CEO
Chief Financial Officer
Benefit Marketing
Solutions
Precis, Inc.
405-579-8525
972-343-6501
Annemarie Marek
Joe Diaz
Marek & Company
Lytham Partners
469-235-2166
480-675-0400
Precis Agrees To
Sale of Foresight Club
to Benefit
Marketing Solutions
December 12, 2005
- Grand Prairie, Texas- Precis, Inc.
(Nasdaq: PCIS), a provider of access to affordable healthcare products and
services to the ever growing number of uninsured and/or underinsured in the
United States, announced today that it has agreed to a transaction whereby
Benefit Marketing Solutions (BMS), a privately-held Oklahoma company, acquires
substantially all of the operating assets of Precis' Foresight Club division.
Foresight Club has designed and offered
membership programs for rental-purchase companies, financial organizations,
employer groups, retailers and association-based organizations since 1989. These membership programs are sold as part
of a point-of-sale transaction or through direct marketing efforts. It was acquired by Precis in 2000.
Certain BMS principals, Danny Wright, CEO,
Brett Wimberley, Chief Operating Officer and Susan Matthews, Chief Marketing
Officer, were closely involved in the formation and management of Foresight
prior to its acquisition by Precis.
Together they have also been instrumental in the growth of BMS to its
present position as the largest club provider in the Rent-to-Own (RTO)
arena. The company markets through more
than 3,500 retail store locations in the U.S. and Puerto Rico.
"The divestiture of our Foresight Club
division represents another step in our turnaround efforts and allows us to
sharpen our focus on our core health care related business. We are confident that our existing Foresight
clients and members will be well served by BMS because of the collective
experience of BMS management with Foresight and their knowledge of the
products, systems and operational methods employed in that business", said Bob
Bintliff, Precis CFO.
"We intend to combine the strengths of each
entity to deliver increased value and more efficient service to both Foresight
and BMS clients. BMS will integrate the
operations of the two companies and consolidate its administrative and
marketing functions at its BMS headquarters", Wright said.
The effective date of the transaction is
December 1, 2005.
About Precis Inc.
Precis, Inc. and its subsidiaries market
non-insurance health care savings programs, provide third party administration
services to self funded employer groups and market a line of nutraceuticals.
For more information on Precis, and its subsidiaries visit www.precis-pcis.com.
About Benefit
Marketing Solutions
Benefit Marketing Solutions is headquarted in
Norman, Oklahoma and has offices in Dallas and St. Louis. Its main office is located at 900 36
th
Ave. NW, Suite 105, Norman, OK, 73072.
405-579-8525.
###

EX - 99 . 1 2 a05 - 21657 _ 1ex99d1 . htm EXHIBIT 99 Exhibit 99 . 1 For Immediate Release Contact : Danny Wright Bob Bintliff CEO Chief Financial Officer Benefit Marketing Solutions Precis , Inc . 405 - 579 - 8525 972 - 343 - 6501 Annemarie Marek Joe Diaz Marek & Company Lytham Partners 469 - 235 - 2166 480 - 675 - 0400 Precis Agrees To Sale of Foresight Club to Benefit Marketing Solutions December 12 , 2005 - Grand Prairie , Texas - Precis , Inc . ( Nasdaq : PCIS ) , a provider of access to affordable healthcare products and services to the ever growing number of uninsured and / or underinsured in the United States , announced today that it has agreed to a transaction whereby Benefit Marketing Solutions ( BMS ) , a privately - held Oklahoma company , acquires substantially all of the operating assets of Precis ' Foresight Club division . Foresight Club has designed and offered membership programs for rental - purchase companies , financial organizations , employer groups , retailers and association - based organizations since 1989 . These membership programs are sold as part of a point - of - sale transaction or through direct marketing efforts . It was acquired by Precis in 2000 . Certain BMS principals , Danny Wright , CEO , Brett Wimberley , Chief Operating Officer and Susan Matthews , Chief Marketing Officer , were closely involved in the formation and management of Foresight prior to its acquisition by Precis . Together they have also been instrumental in the growth of BMS to its present position as the largest club provider in the Rent - to - Own ( RTO ) arena . The company markets through more than 3,500 retail store locations in the U . S . and Puerto Rico . " The divestiture of our Foresight Club division represents another step in our turnaround efforts and allows us to sharpen our focus on our core health care related business . We are confident that our existing Foresight clients and members will be well served by BMS because of the collective experience of BMS management with Foresight and their knowledge of the products , systems and operational methods employed in that business " , said Bob Bintliff , Precis CFO . " We intend to combine the strengths of each entity to deliver increased value and more efficient service to both Foresight and BMS clients . BMS will integrate the operations of the two companies and consolidate its administrative and marketing functions at its BMS headquarters " , Wright said . The effective date of the transaction is December 1 , 2005 . About Precis Inc . Precis , Inc . and its subsidiaries market non - insurance health care savings programs , provide third party administration services to self funded employer groups and market a line of nutraceuticals . For more information on Precis , and its subsidiaries visit www.precis-pcis.com . About Benefit Marketing Solutions Benefit Marketing Solutions is headquarted in Norman , Oklahoma and has offices in Dallas and St . Louis . Its main office is located at 900 36 th Ave . NW , Suite 105 , Norman , OK , 73072 . 405 - 579 - 8525 . # # #
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