Community Medical Transport awarded New Jersey paratransit contract; Company values contract at approximately $1.5 million for 1996.YONKERS, N.Y.--(BUSINESS WIRE)--Dec. 4, 1995--Community Medical Transport, Inc. (Nasdaq National Market:CMTI CMTI Clean Manufacturing Technology Institute CMTI Central Machine Tools Institute (Bangalore, India) ) a provider of medical transportation services in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , today announced it has been awarded a contract to provide wheelchair accessible van Wheelchair accessible vans encompass a range of vehicles that have been modified to allow access by individuals who are in wheelchairs. The typical modifications performed are lowering the floor and adding a ramp so the chair can be rolled into the van or adding a powered lift that services in Union County, New Jersey Union County is a county located in the U.S. state of New Jersey. As of the 2000 Census, the population is 522,541. It is part of the New York Metropolitan Area. Its county seat is Elizabeth6. . Community Medical anticipates 1996 revenues from this contract of approximately $1.5 million. Effective January 1, 1996, Community Medical will operate specialized van services to medical and non-medical destinations for senior citizens and individuals with disabilities. Currently, these operations in Union County provide more than 200,000 passenger trips annually. Community Medical will work with a privately held local ambulette company which will handle customer reservation and scheduling for the Union County Department of Human Services. The contract was awarded following a competitive bid process in which both national and local medical transportation companies participated. Dean Sloane, Chairman, President and Chief executive Officer of Community Medical, stated, "This contract award follows our recent entry into the New Jersey market with a Letter of Intent to purchase a privately held ambulance company 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 $3 million. The paratransit award provides the kind of diversified vertical growth which will complement our acquisition strategy in this region." Community Medical Transport, Inc. provides medical (emergency and non-emergency) and other specialized transportation services in the New York metropolitan area. The Company's mission is to become a leader in the medical transportation service market by providing high quality and efficient transports at fees which help institutional customers and managed care organizations meet their cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. objectives. CONTACT: Community Medical Transport, Inc. The Equity Group Inc. Dean L. Sloane, President & 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. Tamara Ehlin (914) 963-6666 (212) 836-9607 |
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