Rural/Metro Wins $30 Million Contract to Continue 911 Ambulance Services in Rochester, New York
SCOTTSDALE, Ariz., Nov. 26 /PRNewswire-FirstCall/ — Rural/Metro Corporation , a leading provider of ambulance and private fire protection services, has been awarded a new contract term to continue as the exclusive provider of 911 emergency ambulance services in Rochester, New York.
The contract is scheduled to begin on April 1, 2008 for an initial 2-year period, followed by two one-year renewal terms, for a total possible length of four years. The contract is estimated to generate approximately $15.0 million in net revenue annually.
Jack Brucker, President and Chief Executive Officer, said, “We are very pleased to continue delivering high-quality ambulance services to the citizens of Rochester and appreciate the Rochester City Council’s recognition of the commitment Rural/Metro and its employees have made in the nearly two decades we have served the community.”
Rural/Metro has provided emergency and non-emergency ambulance services to the Rochester area since 1952, first as National Ambulance and then Rural/Metro Medical Services beginning in 1994. The Company employs more than 300 ambulance service professionals in the community and responds to approximately 60,000 calls for assistance each year. Rural/Metro’s Rochester operation is the only ambulance service in the region to be nationally accredited by the Commission on Accreditation of Ambulance Services.
Todd Walker, Group President, said, “We are proud to be a partner to the Rochester community and to continue to build on our strong record of exceptional patient care and customer service. We look forward to the opportunity to further contribute to the local emergency response system.”
Barry Palatas, Division General Manager, continued, “Our employees are highly dedicated to the Rochester community and its citizens, and we were very pleased that the City Council’s thorough and diligent analysis found it was in the best interests of the community to retain Rural/Metro.”
About Rural/Metro
Rural/Metro Corporation provides emergency and non-emergency ambulance services and private fire protection services in 23 states and approximately 400 communities throughout the United States. For more information, visit the company’s web site at http://www.ruralmetro.com/.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the company’s ability to collect its accounts receivable, secure new contracts, retain existing contracts, and improve earnings and operating margins. Although Rural/Metro believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.
Reference is made to a more complete discussion of forward-looking statements and applicable risks that may cause actual results to differ materially from those contemplated by such forward-looking statements (“Cautionary Statements”) that include, among others, those identified under the captions “Forward-Looking Statements” and “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2007, which is available free of charge on the website of the Securities and Exchange Commission (the “SEC”) at http://www.sec.gov/ or on the Company’s website at http://www.ruralmetro.com/. All subsequent written and oral forward-looking statements (or statements that may be attributed to the Company) are expressly qualified by the Cautionary Statements. The Company’s forward-looking statements are based on information available today, and it undertakes no obligation 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
Rural/Metro Corporation
CONTACT: investors, Liz Merritt of Rural|Metro Corporation,+1-480-606-3337; or media, Jeff Stanlis of Hayden Communications,+1-602-476-1821, for Rural|Metro Corporation
Web site: http://www.ruralmetro.com/
