Avalon Selected For a 200-Bed Contract Award in Texas.OKLAHOMA CITY--(BUSINESS WIRE)--July 7, 1998--Avalon Community Services, 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 : "CITY"), today announced its 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. Southern Corrections Systems, Inc., has been awarded a new contract for 200 additional adult male beds in El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Texas. Avalon will design and construct a new secure facility for the additional 200 offenders. The facility will be constructed on land contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. to the Company's existing 150 bed facility in El Paso, Texas. The new contract was awarded by the Texas Department of Criminal Justice and includes the provision of 100 Multi-Use beds for Blue Warrant Detainees and 100 beds for substance abuse treatment programming. The Company will provide comprehensive correctional services including short term detention, transportation, case management, rehabilitative re·ha·bil·i·tate tr.v. re·ha·bil·i·tat·ed, re·ha·bil·i·tat·ing, re·ha·bil·i·tates 1. To restore to good health or useful life, as through therapy and education. 2. services, and substance abuse treatment services. The new facility is scheduled to open in the first quarter of 1999 and generate revenues of $2.4 million annually. Donald E. Smith, Chairman and Chief Executive Officer of Avalon, said "We are excited about the opportunities in the state of Texas. This additional award and construction of the new facility will give our Company the opportunity to provide additional cost effective services for the Texas Department of Criminal Justice." Avalon Community Services, Inc. is headquartered in Oklahoma City, Oklahoma “OKC” redirects here. For the airport, see Will Rogers World Airport. Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S. . The Company currently has operations in four states. Avalon currently has 1,110 corrections beds under contract and provides substance abuse treatment programs in seven prisons. For more information on Avalon please visit us on the Internet at www.avaloncomsvs.com or call 405-752-8802. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events and future performance of the company that involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the company files from time to time with the Securities and Exchange Commission for a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release.
CONTACT: Tiffany Wright, Public Information Officer
Phone: 405/752-8802
Fax: 405/752-8852
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