ARAMARK And University of Illinois- Chicago Partner in New Food Services Contract.Business Editors PHILADELPHIA--(BUSINESS WIRE)--April 5, 2002 ARAMARK (NYSE NYSE See: New York Stock Exchange :RMK RMK Remark (Weather METAR) RMK Rocky Mountain King (Polaris Snowmobiles) RMK Remarks RMK Resource Manager Kernel ), a world leader in managed services, announced today that it has been awarded the contract to manage food service at the University of Illinois-Chicago. Annual sales of the new contract are initially estimated at $8 million with a term of up to five years, renewable for five additional one-year periods. ARAMARK will manage food service for the more than 35,000 students and faculty at retail dining locations across the campus. The company will also manage food service at the campus childcare facility, concessions at the university's athletic pavilion and premium catering for university events. "We are grateful for the opportunity to enhance many aspects of campus life at the University of Illinois at Chicago This article is about the University of Illinois at Chicago. For other uses, see University of Illinois at Chicago (disambiguation). UIC participates in NCAA Division I Horizon League competition as the UIC Flames in several sports, most notably Basketball. ," said Joseph Neubauer, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARAMARK. "We look forward to becoming an integral part of the university community by building a long-term partnership with students, faculty and the university administration." ARAMARK also manages uniform services at the University of Illinois-Urbana/Champaign campus and the University of Illinois College of Medicine The University of Illinois College of Medicine, part of the University of Illinois system, is the largest medical school in the United States, with over 2,600 students and trainees. The college provides scientific and clinical training. at Peoria. In the higher education sector, ARAMARK provides managed services at more than 400 colleges and universities in the U.S. The company manages food, facility and other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for campuses -- including dining services, catering, management of retail dining sites and convenience stores, design and operation of dining facilities, facilities management, groundskeeping Groundskeeping is the activity of tending an area of land for aesthetic or functional purposes; typically in an institutional setting. It includes mowing grass, trimming hedges, pulling weeds, planting flowers, etc. A person who engages in this work is called a groundskeeper. , energy management, building commissioning and custodial services. The University of Illinois at Chicago is a comprehensive public university located in the heart of one of the nation's largest metropolitan areas. It is one of three campuses of the State of Illinois' land-grant university, the University of Illinois University of Illinois may refer to:
ARAMARK is a $9 billion world leader in providing managed services -- including food, facility and other support services, uniform and career apparel, and childcare and early education. ARAMARK has leadership positions serving the business, education, healthcare, government, sports and recreation sectors. In 2002, ARAMARK is rated No. 1 in the outsourcing services category in FORTUNE Magazine's 'Most Admired Companies in America' and is among the Top 50 companies overall. Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving customers in 17 countries. Additional information on the company is available at www.aramark.com. Forward-Looking Statements The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from civil litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for forward-looking statements 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," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe" 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. For further information regarding risks and uncertainties associated with ARAMARK's business, please refer to the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Results of Operations and Financial Condition" and "Risk Factors" sections of ARAMARK's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting ARAMARK's investor relations department at www.aramark.com. Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us. |
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