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ARAMARK Wins New Contract in U.K. With Andrew Lloyd Webber's `Really Useful Theatres'.


Business Editors

PHILADELPHIA--(BUSINESS WIRE)--Oct. 4, 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 that it has been selected to provide food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods.  services to Really Useful Theatres, a leading London theatre operator co-owned by Lord Andrew Lloyd Webber Noun 1. Andrew Lloyd Webber - English composer of many successful musicals (some in collaboration with Sir Tim Rice) (born in 1948)
Baron Lloyd Webber of Sydmonton, Lloyd Webber
.

Annual sales of the contract are initially estimated at 4.5 million pounds (approximately U.S. $6.4 million) with an initial term of up to five years. The contract calls for ARAMARK to manage food and beverage services for more than four million theatregoers each year at all 12 Really Useful Theatres.

In addition, ARAMARK will manage special banquets, functions, V.I.P. events and concessions at the theatres.

The theatre group includes some of London's best known theatres: The Apollo, The Lyric, The Gielgud, The Queen's, The Palace, The Duchess, The Theatre Royal Drury Lane, The Cambridge, The Garrick, The New London, Her Majesty's Theatre
For the theatre of the same name in Melbourne, Australia see Her Majesty's Theatre, Melbourne


Her Majesty's Theatre is a West End theatre, located on The Haymarket, in the City of Westminster.
 and The London Palladium.

"We look forward to developing a long-term partnership with Really Useful Theatres, London's premier theatre company," 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 is an excellent opportunity for us to bring additional value to the theatre experience for millions of visitors each year."

"We are delighted to be working with ARAMARK in developing our food and beverage business at Really Useful Theatres," said Lord Lloyd Webber. "We share a similar vision for improving the hospitality services we offer our customers and ARAMARK's proven international experience in this area, and the introduction of new food brands, will certainly benefit our theatregoers."

In the U.K., ARAMARK manages services for clients from various sectors including corporations, schools and colleges, offshore oil platforms and leading concert venues and theatres, including the Sheffield Arena and the London Arena.

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 , 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 nplAuswirkungen pl  of the September 11 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, 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, 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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No portion of this article can be reproduced without the express written permission from the copyright holder.
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