Forever Enterprises, Inc., incorporated in Texas in 1980, through its wholly-owned subsidiaries, Forever Network, Inc., Memorial Service Life Insurance Company and Lincoln Memorial Life Insurance Company, owns and operates combination funeral home and cemetery properties, markets and produces multimedia LifeStories™, operates an Internet marketing site, and operates life insurance companies that principally issue insurance contracts to fund pre-need funeral contracts. The Company archives the digital interactive LifeStories™, which can be viewed at company’s cemetery/funeral homes or privately in the home and on the Internet at www.forevernetwork.com. Substantially all of the life insurance policies issued by Memorial Service Life Insurance Company and Lincoln Memorial Life Insurance Company are to fund prearranged funeral contracts sold by National Prearranged Services, Inc. and National Prearranged Services Agency, Inc. National Prearranged Services is an affiliated company that collects all payments for prearranged funeral contracts and remits such amounts to the company either directly or through assumed reinsurance. During 2002, the company acquired five cemetery/funeral home properties, increasing its presence in the metropolitan St. Louis, Missouri market and establishing new business opportunities in the Austin, Texas market. National Prearranged Services National Prearranged Services, an affiliate of the company, has marketed prearranged funeral contracts since 1979 for funeral homes in Missouri, Texas and seven other states, and is licensed to expand into an additional 34 states. In addition to marketing, National Prearranged Services recruits, trains and manages an agency field force, which is dedicated to selling only the products of the affiliated group of companies. The market for pre-need products is primarily in the 50 and older age group. Forever Network currently owns and operates eight cemetery/funeral home properties in metropolitan St. Louis and Kansas City, Missouri, Austin, Texas and Los Angeles, California. Competition In the cemetery/funeral industry the company competes with Service Corporation International, Alderwoods, Stewart Enterprises, Inc. and Carriage Services, Inc.
forever enterprises inc
(FVEN:OTC Markets Group Inc - No Information)
10 South Brentwood
Clayton, MO 63105
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