ARAMARK (NYSE:RMK), a world leader in managed services, announced today that ARAMARK Education – Facility Services has been awarded a 5-year, $60 million contract to provide custodial, maintenance and ground services to the Providence School Department in Providence, Rhode Island.
ARAMARK will manage facility services, custodial, grounds, and maintenance in all 53 elementary, middle and high schools in the Providence School Department. The Providence Schools have an enrollment of more than 26,000 students.
“The City of Providence is pleased to partner with ARAMARK as they begin providing custodial and maintenance services to our public schools,” said Providence Mayor David N. Cicilline. “The ARAMARK team has already become an important partner in our efforts to provide a quality educational experience for our children.”
“We are proud to support the Providence School Department’s vision of schools as active, vibrant communities that foster a love for learning,” said Frank Mendicino, President, ARAMARK Education – Facility Services. “ARAMARK’s goal is to progressively partner with the City of Providence to demonstrably improve the quality of its school buildings and positively contribute to the educational experience of its students, faculty and staff. We are confident that our action plans, created in partnership with Providence Schools, will achieve this goal.”
ARAMARK Education provides a complete range of food, facility, uniform and other support services to more than 650 K-12 school districts in the U.S. It offers public and private education institutions a family of dining and facility services including: on-site and off-site breakfast and lunch meal programs, after-school snacks, summer and adult feeding, catering, nutrition education, retail design and operations, maintenance, custodial, grounds, energy management, construction management and building commissioning. For more information on ARAMARK Education please visit www.aramarkschools.com.
About ARAMARK
ARAMARK Corporation is a world leader in providing award-winning food and facilities management services to health care institutions, universities and school districts, stadiums and arenas, and corporations, as well as providing uniform and career apparel. ARAMARK was ranked number one in its industry in the 2005 FORTUNE 500 survey and was also named one of “America’s Most Admired Companies” by FORTUNE magazine in 2005, consistently ranking since 1998 as one of the top three most admired companies in its industry as evaluated by peers. Headquartered in Philadelphia, ARAMARK has approximately 242,500 employees serving clients in 20 countries. Learn more at the company’s Web site, www.aramark.com.
Forward-Looking Statements
Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect the events or circumstances arising after the date as of which they were made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us.
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “aim,””anticipate,””are confident,””estimate,””expect,””will be,””will continue,””will likely result,””project,””intend,””plan,””believe,””look to” and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that might cause such a difference include: unfavorable economic conditions, ramifications of any future terrorist attacks or increased security alert levels; increased operating costs, including labor-related and energy costs; shortages of qualified personnel or increases in labor costs; costs and possible effects of union organizing activities; currency risks and other risks associated with international markets; risks associated with acquisitions, including acquisition integration costs; our ability to integrate and derive the expected benefits from recent acquisitions; competition; decline in attendance at client facilities; unpredictability of sales and expenses due to contract terms and terminations; the risk that clients may become insolvent; the contract intensive nature of our business, which may lead to client disputes; high leverage; claims relating to the provision of food services; costs of compliance with governmental regulations and government investigations; liability associated with non-compliance with governmental regulations, including regulations pertaining to food service, the environment, Federal and state employment laws and wage and hour laws; import and export controls and customs laws; dram shop litigation; inability to retain current clients and renew existing client contracts; determination by customers to reduce outsourcing and use of preferred vendors; seasonality; and other risks that are set forth in the “Risk Factors,””Legal Proceedings” and “Management Discussion and Analysis of Results of Operations and Financial Condition” sections of and elsewhere in ARAMARK’s SEC filings, copies of which may be obtained by contacting ARAMARK’s investor relations department via its website www.aramark.com.
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