ARAMARK Renews Food Service Contract With Houston Independent School District, Continuing Five-Year Partnership.Business Editors PHILADELPHIA--(BUSINESS WIRE)--July 26, 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, has renewed its food service contract with the Houston Independent School District The Houston Independent School District (HISD) is the largest public school system in Texas and the seventh-largest in the United States.[1] Houston ISD serves as a community school district for most of the city of Houston and several nearby and insular municipalities. (HISD HISD Houston Independent School District (Texas) HISD Highway Information Services Division (Maryland) ), continuing a partnership between ARAMARK and the HISD that began in 1997. Annual sales of the contract are initially estimated at approximately $4 million. Under the terms of the contract, ARAMARK will continue to provide food service for more than 200,000 students in the HISD. ARAMARK has provided food service to the school district for the past five years. Last year, ARAMARK introduced "One World Cafe One World Everybody Eats is a cafe and nonprofit community kitchen based in Salt Lake City, Utah. Its motto is "a hand up, not a hand out." The community kitchen concept is similar to that of a soup kitchen, but incorporates volunteer and common-effort aspects closer to those of a ," an ARAMARK school dining program that offers new recipes and food concepts based on student input, at more than 100 schools in the HISD and plans to expand the program to an additional 150 schools over the next year. ARAMARK also provides plant and operations management and custodial services as well as uniform services, including sales and laundering of supplies, to the HISD. "We deeply value our partnership with the Houston Independent School District and we look forward to continuing to deliver solutions that meet the changing food service needs of thousands of students each year," 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. "This relationship demonstrates our ability to deliver a broad-based managed services solution to clients with a variety of requirements." The Houston Independent School District comprises 286 schools, grades K-12. The HISD is the largest school district in Texas and the seventh largest in the United States. In the K-12 education sector, ARAMARK is a leading provider of 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 to more than 650 school districts nationwide. The company provides food service management and planning, serving more than 200 million meals each year to students in grades K-12. ARAMARK also provides a range of other services to schools, including plant and operations management, custodial and uniform and maintenance supply services. About ARAMARK 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. ARAMARK is ranked No. 1 in the outsourcing services category and is among the Top 50 companies overall in FORTUNE Magazine's 2002 "Most Admired Companies in America." Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving customers in 17 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 the September 11th terrorist attacks and other terrorist attacks, increased operating costs, shortages of qualified personnel and other factors leading to increased labor costs, costly compliance with governmental regulations, currency risks and other risks associated with international markets, risks associated with acquisitions, including our ability to integrate and derive the expected benefits from our acquisition of ServiceMaster Management Services and other acquisitions, competition, decline in attendance at client facilities, unpredictability of sales and expenses due to contract terms, significant 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 , liability associated with non-compliance with governmental regulations, including regulations pertaining to food services, the environment and childcare service, seasonality and adverse publicity concerning incidents at childcare centers. 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 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, 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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