Turns out there are three different variations of the red Terrible's Players Club with the Lakeside IA info on the back.

The 2nd issue has "from participating." as the last line of text.

The 3rd issue has "participating." as the last line of text with wider spaces between reverse paragraphs

The 4th issue has "participating." as the last line of text with lesser space between reverse paragraphs.

Here's a scan of the common front and the 3 different backs, 2nd, 3rd and 4th issues.