The Escape Velocity Press Club was an organization for members of the press who covered the Apollo manned space missions. This card was issued to Fred Cambria from CBS Television.
Escape velocity is the speed that spacecraft must attain to escape the earth’s gravity.
Notice that the club membership card is signed by Jim Schefter who is the author of The Race: The Uncensored Story of How America Beat Russia to the Moon (1999, Doubleday). Schefter covered NASA from 1963 to 1973 for the Houston Chronicle and for Time-Life.