Rural/Metro Awarded Ambulance Contract Renewals in Ohio and Kentucky.Business Editors/Transportation Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--March 31, 2003 Rural/Metro Corporation (Nasdaq:RURL) announced today that it has been awarded two renewal contracts to continue providing medical transportation services to Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. (OSU (Open Source UNIX) Refers to the Unix variants that are maintained as open source, which were primarily BSD Unix and Linux until Sun made its Solaris operating system open source in 2005. ) Medical Center in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , and the City of Jeffersontown, Kentucky Jeffersontown is a city in Jefferson County, Kentucky, United States. The population was 26,633 at the 2000 census. As of 2005, the population is estimated to be 26,100, making Jeffersontown the eleventh largest city in Kentucky. . Jack Brucker, president and chief executive officer, said, "As we continue to expand our core medical transportation business, it is also important that we maintain valuable relationships with longstanding customers. Our renewals with OSU and the City of Jeffersontown are the result of our efforts to enhance customer satisfaction while at the same time providing the highest levels of care to our patients." The OSU Medical Center contract provides an initial three-year period, with one two-year optional renewal, for a total possible term of five years. Rural/Metro has been the designated provider of non-emergency ambulance services to the Medical Center and its affiliates since 1997. OSU Medical Center is one of the largest healthcare systems in Ohio, providing patient care at two main hospital facilities and more than 35 primary and specialty care sites throughout the state. The Medical Center's Department of Emergency Medicine has been selected as a Center of Excellence by the American College of Emergency Physicians The American College of Emergency Physicians (ACEP) is the largest organization of emergency physicians in the United States. It was founded in 1968 and is now headquartered in Dallas,Texas. . Todd Walker Todd Arthur Walker (born May 25, 1973 in Bakersfield, California) is an infielder who recently played for the Oakland Athletics. He had previously played for the Minnesota Twins, Cincinnati Reds, Colorado Rockies, Boston Red Sox, Chicago Cubs, and San Diego Padres. , president of Rural/Metro's Mid-Atlantic Emergency Services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' Group, said, "We are very pleased to continue serving OSU healthcare facilities and view our new contract as an opportunity to further enhance medical transportation services within the community." Rural/Metro's second contract renewal this month was awarded by the City of Jeffersontown, Kentucky. The two-year renewal extends Rural/Metro's role as the 911-emergency ambulance provider to that city through March 2005. Rural/Metro has been the City's exclusive provider of emergency medical transportation services since 1999. Susan Brown Susan Brown (December 12 1958 - ) is the minister for Dornoch Cathedral and as such is the first woman preacher to take charge of a Cathedral in the United Kingdom. She has officiated at the weddings between Madonna and Guy Ritchie and Ashley Judd and Dario Franchitti. , president of Rural/Metro's Southern Emergency Services Group, said, "As the exclusive emergency medical provider in Jeffersontown, our team remains committed to the citizens that we serve and to our municipal partners. We look forward to continuing our relationship now and well into the future." The City of Jeffersontown occupies approximately 32 square miles, just southeast of Louisville, Kentucky. Rural/Metro crews respond to more than 2,500 emergency calls there each year. Rural/Metro Corporation provides emergency and non-emergency medical transportation, fire protection, and other safety services in approximately 400 communities throughout the United States. Except for historical information herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the ability to sustain operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. ; secure new contracts; retain existing contracts; improve operating margins; and maintain compliance with covenant and other requirements of its credit facility. Additional factors that could affect the company are described in our 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. as amended for the year ended June 30, 2002 under the caption "Risk Factors" in the MD&A section, and other factors as described from time to time in our SEC filings. The company disclaims any obligation to update its forward-looking statements. |
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