SCOTTSDALE, Ariz., April 7, 2008 Rural/MetroCorporation (Nasdaq: RURL) announced today that is has been awarded amulti-year renewal contract to continue providing exclusive 911 ambulanceservices in Jefferson County, Georgia.
The initial two-year renewal term begins May 1, 2008, followed by twoone-year extension periods, for a total possible length of four years. TheCompany estimates the contract will generate approximately $1.2 million in netrevenue annually, which includes a $0.4 million annual subsidy provided by thecounty to help offset costs related to uncompensated care.
Jack Brucker, President and Chief Executive Officer, said, "We are proudto continue as the exclusive 911 ambulance service in Jefferson County andlook forward to building on our reputation throughout the region as thequality provider of pre-hospital care."
Bryan Gibson, Group President, added, "Rural/Metro has a strong presencein central Georgia that is supported by an exceptional team of operationalmanagers and EMS professionals. Our employees take a great deal of pride inserving their community, and we are pleased to be recognized by JeffersonCounty leaders as their trusted 911 ambulance service now and in the future."
Rural/Metro and its acquired predecessor company have provided exclusive911 ambulance services in Jefferson County since 1990. The Company alsoprovides non-emergency medical transportation services to local and regionalhospitals and other healthcare facilities throughout the area.
Rural/Metro Corporation provides emergency and non-emergency ambulanceservices and private fire protection services in 23 states and approximately400 communities throughout the United States. For more information, visit thecompany's web site at http://www.ruralmetro.com.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve risksand uncertainties that could cause actual results to differ materially. Theserisks and uncertainties include, among others, the company's ability tocollect its accounts receivable, secure new contracts, retain existingcontracts, and improve earnings and operating margins. Although Rural/Metrobelieves that the expectations reflected in such forward-looking statementsare reasonable, it can give no assurance that such expectations will prove tohave been correct.
Reference is made to a more complete discussion of forward-lookingstatements and applicable risks that may cause actual results to differmaterially from those contemplated by such forward-looking statements("Cautionary Statements") that include, among others, those identified underthe captions "Forward-Looking Statements" and "Risk Factors" in the Company'sannual report on Form 10-K for the fiscal year ended June 30, 2007, which isavailable free of charge on the website of the Securities and ExchangeCommission (the "SEC") at http://www.sec.gov or on the Company's website athttp://www.ruralmetro.com. All subsequent written and oral forward-lookingstatements (or statements that may be attributed to the Company) are expresslyqualified by the Cautionary Statements. The Company's forward-lookingstatements are based on information available today, and it undertakes noobligation to update these statements, whether as a result of new information,future events or otherwise, except as required by the securities laws.(RURL/G) CONTACT: Liz Merritt, Rural/Metro Corporation (investors) (480) 606-3337 Jeff Stanlis, Hayden Communications (media) (602) 476-1821
SOURCE Rural/Metro Corporation