Rural/Metro Wins $30 Million Contract to Continue 911 Ambulance Services in Rochester, New York
The contract is scheduled to begin on April 1, 2008 for an initial 2-yearperiod, followed by two one-year renewal terms, for a total possible length offour years. The contract is estimated to generate approximately $15.0 millionin net revenue annually.
Jack Brucker, President and Chief Executive Officer, said, "We are verypleased to continue delivering high-quality ambulance services to the citizensof Rochester and appreciate the Rochester City Council's recognition of thecommitment Rural/Metro and its employees have made in the nearly two decadeswe have served the community."
Rural/Metro has provided emergency and non-emergency ambulance services tothe Rochester area since 1952, first as National Ambulance and thenRural/Metro Medical Services beginning in 1994. The Company employs more than300 ambulance service professionals in the community and responds toapproximately 60,000 calls for assistance each year. Rural/Metro's Rochesteroperation is the only ambulance service in the region to be nationallyaccredited by the Commission on Accreditation of Ambulance Services.
Todd Walker, Group President, said, "We are proud to be a partner to theRochester community and to continue to build on our strong record ofexceptional patient care and customer service. We look forward to theopportunity to further contribute to the local emergency response system."
Barry Palatas, Division General Manager, continued, "Our employees arehighly dedicated to the Rochester community and its citizens, and we were verypleased that the City Council's thorough and diligent analysis found it was inthe best interests of the community to retain Rural/Metro."
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:
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