Rural/Metro Awarded Contract to Continue Providing 911 Ambulance Services in Rochester, New York.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 21, 2002 Rural/Metro Corp. (Nasdaq:RURLC) announced today that it has been awarded the contract to continue providing exclusive 911-emergency ambulance services in Rochester, N.Y., on a unanimous decision A Unanimous Decision is a winning criterion in several full-contact combat sports, such as boxing, kickboxing, Muay Thai, mixed martial arts and others sports involving striking in which all 3 judges agree on which fighter won the match. by the City Council. The six-year contract includes an initial term of four years plus two, one-year optional renewals. The contract, which was won in a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process, is valued at approximately $9 million annually and begins Oct. 1, 2002. Jack Brucker, president and chief executive officer, said, "We are very pleased to continue delivering high-quality, professional ambulance transportation services to the citizens of Rochester. Rural/Metro has made a substantial commitment to the community in the many years that we have served Rochester, and we look forward to adding further value to this high-performance system in the future." Brucker continued, "Our retention of significant municipal contracts, such as this and other recent awards, reinforces the high levels of service and customer satisfaction that Rural/Metro provides." Rural/Metro has provided emergency and non-emergency ambulance services to the Rochester area since 1952. The Company employs more than 450 ambulance service professionals in the community, responding to approximately 42,000 calls for assistance each year. Rural/Metro's Rochester operation is the only ambulance service in the region to be nationally accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. by the Commission on Accreditation of Ambulance Services. Russ Maxwell, president of Rural/Metro's Northeast Emergency Response Group, said, "Rural/Metro is a longstanding member of the medical services community in Rochester, and we are proud to continue building upon that tradition through this new contract agreement. We have an exceptional team of EMS professionals who dedicate their careers to making certain Rochester citizens receive only the best care possible." Rural/Metro Corp. provides mobile health services health services Managed care The benefits covered under a health contract , including emergency and non-emergency ambulance transportation, fire protection and other safety-related services to municipal, residential, commercial and industrial customers in approximately 400 communities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Except for historical information herein, 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. that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include the ability to retain existing contracts, secure new contracts, effectively manage labor and other costs, increase the efficiency of the collections process, and improve operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . The Company disclaims any obligation to update its forward-looking statements. |
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