America Service Group Names Richard Hallworth Chief Operating Officer.BRENTWOOD, Tenn. -- America Service Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASGRE) today announced that Richard Hallworth, age 50, has joined the Company as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . He will also serve as president and chief executive officer of the Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Prison Health Services health services Managed care The benefits covered under a health contract , Inc. Prior to joining the Company, Mr. Hallworth was chief operating officer for Tufts Health Plan, a managed care company nationally recognized for excellence. Beginning in 1994 as chief financial officer, Mr. Hallworth's role continuously expanded to include additional responsibilities as senior vice president of administration in 1998 and chief operating officer from 2002 to 2005. Mr. Hallworth began his career as a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , first working with Coopers & Lybrand and then as a partner with Ernst & Young, LLP LLP - Lower Layer Protocol . Mr. Hallworth received his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accountancy from Bentley College in Waltham, Massachusetts. Commenting on the addition of Mr. Hallworth, Michael Catalano, chairman, president and chief executive officer of America Service Group, said, "We are pleased to welcome Rich to our management team. He has an extensive healthcare background and tremendous hands-on experience in all aspects of operating a managed care company. His track record of accomplishments is certainly impressive. We look forward to his contributions and leadership at our company." America Service Group Inc., based in Brentwood, Tennessee, is a leading provider of correctional healthcare services in the United States. America Service Group Inc., through its subsidiaries, provides a wide range of healthcare and pharmacy programs to government agencies for the medical care of inmates. Cautionary Statement This press release contains "forward-looking" statements made pursuant to the safe harbor provisions of 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. Statements in this release that are not historical facts, including statements about the Company's or management's beliefs and expectations, constitute forward-looking statements and may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes" or "intends" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. A discussion of important factors and assumptions regarding certain statements and risks involved in an investment in the Company is contained in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this release. The Company assumes no obligations to update or revise them or provide reasons why actual results may differ. |
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