Access Plans, Inc. provides consumer membership plans and healthcare savings membership plans in the United States. The company’s Wholesale Plans division offers customized membership marketing plans that offer savings on medical services and discount savings on dining and entertainment, automotive, and legal and financial, as well as insurance programs, including leased property, involuntary unemployment, accidental death and dismemberment, and extended service plans. This division manages approximately 208 membership plans for its clients, which comprise rental-purchase dealers, insurance companies, financial institutions, retail merchants, and consumer finance companies. Its Retail Plans ...
900 36th Avenue NW
Norman, OK 73072
Access Plans, Inc. Announces Special Dividend, Payable on May 31, 2012
May 25 12
Access Plans, Inc. announced special dividend is $0.08 per share. The special dividend will be payable on May 31, 2012 to the record holders of Access Plans common stock on May 30, 2012. The Ex-dividend date will be May 25, 2012.
Access Plans, Inc. Promotes Lanai Williams to Vice President of Client Services
Feb 29 12
Access Plans, Inc. announced the promotion of Lanai Williams to vice president of client services. Williams has been with Benefit Marketing Solutions since its inception.
Access Plans, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011; Reports Impairment Charges on Good Will for the Quarter Ended December 31, 2011
Feb 16 12
Access Plans, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported net revenues of $8,469,000 compared to $9,213,000 a year ago. Operating income was $2,815,000 compared to $2,458,000 a year ago. Income from continuing operations was $1,630,000 compared to 1,492,000 a year ago. Net income was $1,202,000 or $0.06 basic and diluted per share compared to $1,512,000 or $0.08 basic and diluted per share a year ago. The decrease in revenues primarily reflected growth in the Company's Wholesale Plans Division revenues of approximately $0.4 million, offset by a decrease of $1.1 million in Retail Plans Division revenues due to a small number of existing clients reaching the end of their contract terms. Net income decreased, due to the $0.4 million goodwill impairment expense associated with the discontinuance of the Insurance Marketing segment, to approximately $1.2 million in the most recent quarter, versus net income of approximately $1.5 million in the year-earlier quarter.
The company reported impairment charges on good will was $0.4 million for the quarter ended December 31, 2011.