Amtech Elevator Renews Contract with Kaiser Permanente.Business Editors LOS ANGELES--(BUSINESS WIRE)--May 20, 2003 Amtech Elevator Services, a 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. of ABM Industries Incorporated (NYSE NYSE See: New York Stock Exchange :ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode ), has been awarded a multi-year, multi-million dollar contract renewal with Kaiser Permanente. Amtech will provide comprehensive preventative maintenance and repair services, including 24-hour-a-day, on-call technicians for 114 facilities located throughout Southern California. In addition, Amtech Elevator Services has been awarded multi-year, multi-million dollar retrofit contracts to upgrade the elevators at Kaiser Permanente Woodland Hills and its Southern California headquarters in Pasadena. "For nearly two decades, we have had the privilege of serving Kaiser Permanente, and we look forward to a continued relationship with them in the years ahead," said Eric Lazear, president of Amtech Elevator Services. "Kaiser Permanente's continued confidence in Amtech's ability to meet their elevator service, repair and modernization needs is testimony to the quality and dedication of our staff and technicians," he added. "We are looking forward to continuing our relationship with Amtech Elevator Services," said Curtis Hoff, facilities services manager, Kaiser Permanente Regional Building Operations. "As you can imagine, reliable elevator performance and support are very important to our organization," he added. Kaiser Permanente is a non-profit, prepaid, group practice health maintenance organization (HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, ), founded in 1945. The Kaiser Permanente Southern California Region has more than 3.1 million members. It includes 3,600 physicians in the Southern California Permanente Medical Group (SCPMG SCPMG Southern California Permanente Medical Group ) and 45,000 Kaiser Foundation Health Plan and Hospitals and medical group employees. The Region is served by 11 major medical centers. The Kaiser Permanente Northern California Region has almost 3.2 million members. It includes 4,451 physicians in The Permanente Medical Group (TPMG TPMG The Permanente Medical Group TPMG Tout pour Ma Gueule (band) TPMG Tidewater Physicians Multispecialty Group TPMG The Provost Marshal General TPMG Test Platform Management Group ) and approximately 46,000 Kaiser Foundation Health Plan and Hospitals and TPMG employees. Amtech Elevator Services is the largest independent elevator service company in the United States. Amtech operates regional offices and warehouses across the country from headquarters in Los Angeles, and serves such major metropolitan areas as Atlanta, Chicago, Denver, Detroit, Houston, Las Vegas, Philadelphia, Phoenix, San Diego, San Francisco and Washington, DC. ABM Industries Incorporated is the largest facility services contractor listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . With annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $2.1 billion and more than 62,000 employees, ABM provides janitorial, parking, engineering, security, lighting, elevator, mechanical and network services for thousands of commercial, industrial, institutional and retail facilities in hundreds of cities across North America. In addition to Amtech Elevator, the ABM Family of Services includes ABM Janitorial, Ampco System Parking, ABM Engineering, American Commercial Security (ACSS ACSS Africa Center for Strategic Studies ACSS Aluminum Conductor Steel Supported (cable) ACSS African Crop Science Society ACSS Association of Computer Support Specialists ACSS Aviation Communication and Surveillance Systems ), Amtech Lighting, CommAir Mechanical and ABM Service Network. |
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