ARAMARK Expands Long-Term Partnership with Barton College.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Feb. 27, 2003 ARAMARK, a world leader in managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , today announced that it has expanded its 26-year dining services partnership with Barton College to include maintenance, custodial and 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. services. Annual sales of the contract are initially estimated at $1.28 million with a term of up to seven years. ARAMARK, through its ARAMARK ServiceMaster Facility Services business, will provide custodial services for all academic, administrative and residence buildings at the college. ARAMARK will also manage all aspects of building maintenance including heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning (HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free ) and structural maintenance, as well as, providing grounds service for Barton's main campus and athletic fields. Additional services include the implementation of a Customer Response Center and a second shift maintenance crew. The Customer Response Center, operated by a customer service director or computerized maintenance management systems clerk, will manage work orders and handle customer service inquiries. The second shift maintenance crew has been added to alleviate disruptions during classroom and business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a . The additional maintenance crew also eliminates the need for "on-call" maintenance personnel in the event of an emergency or after-hours maintenance request. "We have been extremely pleased with both the corporation and the personnel throughout our 26-year dining services partnership with ARAMARK," said Gordon Joyner, vice president for Administration, Barton College. "We are excited to expand this partnership further with these additional services." ARAMARK will provide maintenance, custodial and grounds services for more than 1,000 students in 26 campus buildings. "We are pleased to expand this long-term partnership," said Frank Mendicino, president, ARAMARK ServiceMaster Facility Services. "With the implementation of custodial, maintenance and grounds services, along with the customer response center and additional maintenance staff, we hope to provide greater value and increased efficiency to the Barton College community." ARAMARK ServiceMaster Facility Services, the company's facility services business, serves the healthcare, education, business and industry sectors in the U.S. and Canada and via licensees in approximately 25 other countries. The business has annual net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately $1 billion and provides a complete range of services including plant operations and maintenance, custodial/environmental, clinical equipment maintenance, grounds and landscaping, building commissioning and capital program management. About ARAMARK ARAMARK is a world leader in providing managed services -- including 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 , and uniform and career apparel, and child care and early education. ARAMARK has leadership positions services the business, education, health care, government, sports and recreation segments. The company, headquartered in Philadelphia, has approximately 200,000 employees serving clients in 18 countries. 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. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond our control) that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. The forward-looking statements regarding such matters are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. Factors that might cause such a difference include: unfavorable economic conditions, including ramifications ramifications npl → Auswirkungen pl of any future terrorist attacks; increased operating costs; shortages of qualified personnel; 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 our recent acquisitions, including our acquisition of ServiceMaster Management Services; competition, decline in attendance at client facilities; unpredictability of sales and expenses due to contract terms and terminations;, high leverage; claims relating to the provision of food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and ; costs of compliance with governmental regulations; liability associated with non-compliance with governmental regulations, including regulations pertaining to food services, the environment and childcare service; seasonality; adverse publicity concerning incidents at childcare centers; and levels of enrollment in our education business. 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, our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , copies of which may be obtained by contacting ARAMARK's investor relations Investor relations The process by which the corporation communicates with its investors. 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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