516-946-7747

I read all the posts here. Financial Services is one of the biggest most lucrative industries in america. You know what a scam is? Its your credit card companies and all the other places ripping you off.

I did some research on the company and found its 100% real and legitimate. These guys help people all over the Northeast.

Its a shame some of you missed out, but if you can't do your own legitimate research you probably wouldn't have qualified anyway.

I'm gonna go ahead and become a part of the organization. They seam great and happy about their situation, unlike some of the miserable people on this site.

The way I see it, I can join, learn, and earn money and even if I fail miserably, I can go back to being like all of you, unemployed.

Keep going John Lee. Some people actually have enough sense to appreciate an opportunity

To you JG and some of the other people on this site.

Because its not insurance sales they are calling you about. Do you even know anything about what they do?

Unless you meet them how could you know? Its like writing about a movie...its not the same as seeing it, duh!

I'm a client with them and so are many of my family members. They saved us a lot of money and I trust them more than any of the other financial companies I've seen advertise. Please don't bash all the good work they do.

If you knew that they do free educational seminars for community centers, schools, churches, etc, you wouldn't say such bad things about such great guys. How dare you pass judgement on someone without really getting to know them or the good work they do?

Maybe you guys just aren't listening carefully enough and are too quick to call it a scam. Wealthy educated and successful people would never be so dismissive.

If they say they are calling you for management then they probably are calling you for management...but how are you gonna guess what's gonna happen unless you meet with them?

And how are they being dishonest about what they are calling if they tell you its about your resume and a chance at management?

and you came to this brilliant conclusion, how?

is that because you can't do it and have to work at Mcdonald's flipping burgers the rest of your life?

Isn't John a partner in the business? which means he probably makes more doing those calls part time than you do full time working a "job"?

Is that because they don't like you, either?

I was considering the opportunity but am already involved in my own business..though it seems appealing enough that I'm considering making a transition.

Do you know for a fact its just a training program? Or is it like every other fortune 500 company that offers training to the new people so they can acclimate and succeed?

How many top earners at your last job pulled you aside and offered to teach you how to make six figures the way they did...the way John and his team is offering?

.....oh that's right...you're unemployed.

I got the same call today at work!

I was excited to read the email... and then I decided to do some fact checking to learn more about the company.

This has to be bad news when they are trying to "recruit" people like me (a translator and interpreter) to sell financial things. They are approaching their need for employees with the shotgun method, a wide spray that has to hit something.

Primerica to Raise as Much as $290 Million in IPO (Update1)
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By Michael J. Moore



March 17 (Bloomberg) -- Primerica Inc., a Citigroup Inc. insurance unit, will sell 18 million shares in an initial public offering in addition to the $230 million in stock a private- equity firm plans to purchase.



The stock will be sold at a range of $12 to $14 a share, the Duluth, Georgia-based company said today in a regulatory filing. Underwriters have the option to purchase as many as 2.7 million additional shares, the filing said, which would bring the total to $290 million at the higher price. The shares are expected to price on March 31, according to Bloomberg data.



Primerica is part of Citi Holdings, the portfolio of businesses Citigroup Chief Executive Officer Vikram Pandit said he would sell, wind down or restructure. After the public offering and private sale, New York-based Citigroup will own approximately 32 percent to 46 percent of Primerica’s pro forma shares of common stock, according to the filing.



Founded in 1977 by Arthur L. Williams, Primerica sells life insurance and investment products such as mutual funds through a mostly part-time sales force of independent agents. Former Citigroup Chairman Sanford “Sandy” Weill’s Commercial Credit Corp. took control of the firm in 1988, using it as a platform to assemble a financial-services titan.



Citigroup announced plans for the IPO last year. Primerica said earlier this month that it would sell as much as $230 million of stock to Warburg Pincus & Co. The New York-based private-equity fund holds the right to purchase an additional $100 million in shares in the IPO, according to the filing.

Exchange Listing



Primerica had net income of $494.6 million in 2009 on revenue of $2.22 billion, according to the filing. New York- based Citigroup, the third-biggest U.S. bank by assets, rose 9 cents to $4.14 at 9:54 a.m. today in New York Stock Exchange composite trading.

Primerica said it won’t receive any of the proceeds from the sales. The company applied to be listed on the New York Stock Exchange under the ticker symbol PRI.

Primerica said in November the IPO would raise as much as $100 million. The expected share price range would value the company’s 75 million outstanding pro forma shares at $900 million to $1.05 billion.



To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net.

Last Updated: March 17, 2010 10:30 EDT

Yes I got the email as well. Thank you guys for the information there are some sick people out their.

By Michael Tsang, Craig Trudell and Michael J. Moore

March 30 (Bloomberg) -- Primerica Inc., the insurance business that Sanford I. “Sandy” Weill used to build Citigroup Inc., is selling shares in an initial public offering at a discount to its competitors.

Primerica plans to raise $252 million tomorrow, a filing with the Securities and Exchange Commission and Bloomberg data showed. At the middle of its price range, the Duluth, Georgia- based distributor of consumer-finance products from term-life insurance to mutual funds would be valued at 6.74 times earnings after accounting for its planned reorganization. That’s 29 percent less than the median for U.S. life and health-insurance providers, data compiled by Bloomberg show.

Citigroup Chief Executive Officer Vikram Pandit is dismantling the company Weill built spending about $50 billion on Travelers Corp., Salomon Inc. and Citicorp during the 1990s to offer everything from insurance to stock broking and branch banking. The sale comes after the Standard & Poor’s 500 Index’s rally to an 18-month high spurred a rebound in the IPO market.

“The Primerica deal reflects a shift from the financial supermarket model, where instead of being good at a lot of things, a company like Citigroup ended up being mediocre at everything,” said James Dailey, who oversees $140 million as chief investment officer at TEAM Financial Asset Management LLC in Harrisburg, Pennsylvania. “Primerica could fetch a reasonable price. It’s been around a long time, its brand is established.”

Primerica is one of four U.S. companies scheduled to sell shares through initial offerings this week.

IPO Rebound

All five IPOs since March 15 have priced within or above their forecast range as the S&P 500 extended a rebound from its 2010 low on Feb. 8 to 11 percent. The previous 14 deals since the start of the year had been cut by 24 percent on average, data compiled by Bloomberg show.

Carlyle Group’s Windsor, Connecticut-based SS&C Technologies Holdings Inc., which sells trading and investment management software to the financial industry, and Meru Networks Inc. of Sunnyvale, California, which makes Wi-Fi networking equipment, are scheduled to price their IPOs today. Carlyle, the Washington-based buyout firm that oversees $89 billion, won’t sell SS&C shares in the $161 million offering.

Tengion Inc., the East Norriton, Pennsylvania-based company trying to grow replacement organs and tissues, is also set to hold its IPO this week, according to Bloomberg data.

Primerica, which has 100,000 representatives selling financial services to households with $30,000 to $100,000 in annual income, earned $495 million in 2009, an almost threefold increase from a year earlier.

Relative Value

Net income rebounded after declining 72 percent in 2008, when Primerica wrote down some of its goodwill, or the amount paid above the net asset value in an acquisition.

As part of its reorganization, Primerica will transfer 80 percent to 90 percent of the “risk and rewards” from the life insurance policies that it sold and distribute $622 million in assets to Citigroup before the IPO, according to the filing. That includes a $454 million one-time dividend to Citigroup.

At the middle of its $12 to $14 price range, the company is valued at 6.74 times its 2009 per-share income of $1.93, after taking into account a decrease in revenue and profit that would have taken place if the reorganization occurred on Jan. 1, 2009, according to its filing and data compiled by Bloomberg.

That’s less than the median 9.52 times price-earnings ratio for 23 publicly-traded U.S. life and health-insurance providers, Bloomberg data show.

Prudential, Ameriprise

Prudential Financial Inc. of Newark, New Jersey, the second-largest life insurer, and Ameriprise Financial Inc., the Minneapolis-based financial planning and services firm, command higher valuations, data compiled by Bloomberg show. Primerica lists the two companies among its biggest competitors.

Buyers of Primerica’s IPO will own 24 percent of the insurance firm after the offering.

They will also be investing alongside New York-based Warburg Pincus LLC, which oversees $30 billion. The private- equity firm agreed to buy 17.2 million shares, or a 23 percent stake, in a private sale at the IPO midpoint price, and warrants to purchase 4.3 million shares at a 20 percent premium. Warburg’s stake may increase to 33 percent if the firm exercises its right to buy additional shares from Citigroup.

“It’s a ‘fire sale’ by Citi,” Francis Gaskins, president of IPOdesktop.com in Marina del Rey, California, said in an e- mail. Also, “the IPO investor can get in on the same terms as Warburg. There appears little, if any, risk in this IPO at $13.”

Credit Markets

All proceeds will go to New York-based Citigroup, which is serving as the lead underwriter for the sale. Primerica is part of Citi Holdings, the collection of businesses that Citigroup’s Pandit said he would sell, wind down or restructure.

Pandit is dismantling Weill’s empire after loans and investments tied to the U.S. subprime mortgage market led to $47.6 billion in losses since the last quarter of 2007. Citigroup took a taxpayer-funded bailout after the credit markets froze, Lehman Brothers Holdings Inc. collapsed and Bear Stearns Cos. and Merrill Lynch & Co. were forced to sell themselves. All three companies were based in New York.

Weill used Primerica to build Citigroup through a series of acquisitions. In 1992, Primerica bought a 27 percent stake in Travelers, then took over the company a year later for $3.3 billion, keeping Travelers’ name and umbrella logo.

The company acquired Salomon in 1997 and in 1998 merged with Citicorp in a $37.4 billion deal to create Citigroup.

“This provides an important message that Citi is prepared to shed assets which clearly do not fit the current strategy, even if they have well-known brands,” said Richard Staite, a London-based analyst who covers financial institutions at Atlantic Equities LLP. “It’s a high-profile sale.”


Citigroup /quotes/comstock/13*!c/quotes/nls/c (C 4.14, +0.09, +2.10%) was planning to sell 18 million Primerica shares at between $12 and $14 each. That would have raised about $236 million, based on the middle of the range. Read about the Primerica IPO.

The bank is now selling 21.4 million Primerica shares at $15 each in the IPO, the person said on condition of anonymity. That would raise $321 million.

The underwriters have the option to buy another 3.2 million Primerica shares. At $15 each, that would bring in another $48 million. If the underwriters exercise their option to buy, Citigroup will end up owning 39% of the insurer after the IPO closes.

I received a copy of your resume from our internal recruiter and it appears you may have some of the qualifications/skills that would be a good fit for some openings we currently have.

The name of our company is Roussis International (NYSE: PRI).  You might not be familiar with us as we are new to NC and just opened our first office in Charlotte in 2007.  However, we’re a 25 year old company that started in the northeast. Today we have 34 offices, 41,000 clients and have about 820 associates working for us.



We are undergoing an expansion here in the Carolina’s and are opening new locations in NC/SC over the next 9 months.  We have several positions open in the following areas: Training, Support, Management, Recruiting, and Regional Vice President.



Our company focuses on building financial plans for clients that revolve around all areas of spending and investing.  A financial background is not required as we provide a formalized and extensive training program.. We are looking for Great attitude, willingness to learn, passion and ambition.  



Even though we have 25 yrs of experience, we are new to NC so the company is in “Start Up” mode.   As a result we are looking for candidates that can wear many different hats in the next few years and have an entrepreneurial sprit.



If this opportunity is of interest to you and you would like to learn more about our company and the open positions I would like to personally invite you to attend an open house we are hosting at our Charlotte office this Tuesday April 27th . The open house is an invitation for those candidates we feel are qualified to fill one or more open positions.  We will cover a general overview of our company and the positions we are looking to fill.  Follow up interviews will be scheduled after the open house for later in the week if we both feel there is a mutual fit.

Location: 1338 Hundred Oaks Dr, Suite AA, Charlotte, NC. 28217
Date: Tuesday April 27th
Time: 7:30 pm to 8:30 pm
Located in the Oak Hill office park near 77 and Arrowood
Please let me know if you will be attending the open house via email RSVP.  If you can not make the event but are still interested in learning more about our company please let me know.



Why host an open house?

The open house is the first step in our hiring process and used to provide general information about our company and expansion plans. We feel an open house is a good way to cover general information about our company and what our expansion plans are in a casual general session versus starting out with one-on-one interviews.



We will cover the company’s history, expansion plans, open positions, compensation, and a little on our products and services so you know what part of financial services industry we focus on. If there is a mutual interest we will conduct one-on-one interviews later in the week to see if there is a mutual fit.

This proud Representative of Roussis idiot is obviously one of the people that is pulling resumes and lying to get people in to work for his  company.  Steer clear of this pyramid scheme

I attended a meeting to see what this is all about and its a joke. Don't bother !!   John Lee is brainwashed by these clowns to think he is going to get rich off there schemes. All they want to do is recruit you and your friends / family to recruit more people to recruit. Very basic financial advice is actually given. You can get all that basic stuff they teach you by picking up a simple financial planning magazine.  

Primerica and Roussis International is the bottom ring of Wall Street. Actually not even sure they would be called Wall Street.

What a joke !!

It must take so much negative energy to continue to bash a company that's out to help educate people in the community.

I can only guess that the most negative comments here are from the competition of the company, attempting to dissuade potential future competitors.

In the information age, knowledge is power. So do some of your own research on some credible sites. I did some of my own and posted below what I found.

However, I also found out that W & P, a large international investment firm, spent $10 Million over 3 years  doing due diligence on the business, with a team of 60 lawyers from around the country. They concluded that the business was great and invested $230,000,000 with the option to buy more at a later date.

So for those doing "research" here on this site, you should know that more people, with more money, and more qualifications have done serious due diligence on the business and found it to be a very worthwhile opportunity.

Those who have negative things to say about it are quickly losing their credibility and have been contradicted by the experts in the industry.

The only questions in your mind should be "Does this fit what I'm looking for?" and if it does "How do I get in on it?"

Here's some more independent legitimate research you can look into:

http://www.cnbc.com/id/15840232?video=1457320351&play=1

http://www.google.com/hostednews/ap/article/A ... 0885NgD9EQH1U80

http://www.marketwatch.com/story/primerica-in ... nk=MW_news_stmp

http://www.investmentnews.com/article/20100402/FREE/100409967

http://www.businessweek.com/news/2010-03-30/p ... eill-deals.html

http://www.reuters.com/article/idUSTRE62G1WK20100317

http://cnmnewsnetwork.com/15777/primerica-ipo-a-big-boost-at-citigroup/

Wouldn't a translator and interpreter be uniquely qualified to assist & improve the lives of more immigrant non-english speaking families?

If you could learn how finance really works and legitimately help a family that doesn't speak english obtain a part of the American Dream,  isn't that a unique and wonderful opportunity to work towards?

The company lays a unique opportunity in front of someone uniquely qualified and you can't see the benefit of it?

You seem to think that they need the employees...as if it were an opportunity for them...

Did it ever cross your mind that it was an opportunity primarily for you and for the people you're uniquely qualified to help?

As for the "news"...all the news reports on the business have been positive and encouraging...perhaps you couldn't see the benefits because they were lost in "translation".

All this arguing back and forth...i was under the impression that this is a forum for complaints against illegitimate phone calls... that by the way, leave no message. Yes some people do jump to conclusions... And it may be important for a company to keep up with the gossip to counteract it but I doubt name calling is a professional way to do it, stating good research is for those who chose that method...to the person who says you should really do some legitimate research... You cant really tell that to someone who has been to a  ''group session'' and still says its a scam...and there are a few of those on here...so thanks to those people...though leaving no message is irritating enough!

Dont do it.

So basically people who think that Roussis International is a scam are totally mislead. Roussis International is a base shop for PRIMERICA. DO YOU RESEARCH PEOPLE!!! PRIMERICA just went public on April 1, 2010 and has been one of the biggest IPOs in the pass two years!

Don't miss out on a possible opportunity based on others experiences, it could be a great experience for you!