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ResCare Awarded Two-Year Guthrie Job Corps Contract.

LOUISVILLE, Ky. -- ResCare, Inc. (NASDAQ:RSCR), the nation's leading provider of residential, training, educational and support services for adults and youth with special needs, announced today that its Division for Training Services has been awarded a two-year contract with three one-year options by the U.S. Department of Labor to continue operating the Guthrie Job Corps Center in Guthrie, Oklahoma. The term of the contract is from July 1, 2005, to June 30, 2007. Expected revenue over the two-year period is $29.5 million.

Job Corps is an educational and training program offered by the U.S. Department of Labor for at-risk youth between ages 16 and 24. The Guthrie center ranks as one of the top centers in the country based on the accomplishments of its students and other Job Corps outcome measurements. Guthrie has 650 students. Students receive GEDs or high school degrees, vocational training and job placement. Through ResCare's training services division, the Company provides assistance to students at 22 Job Corps centers throughout the nation, making it the second largest contractor under the program.

"We're proud of the work we have done at Guthrie Job Corps Center," said Ronald G. Geary, ResCare chairman, president and chief executive officer. "We appreciate the opportunity to contribute to the lives and futures of the students."

Founded in 1974, ResCare offers services to some 34,000 people in 34 states, Washington, D.C., Puerto Rico and Canada. ResCare is a human service company that provides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to youth with special needs and to adults who are experiencing barriers to employment. The Company is based in Louisville, Ky. More information about ResCare is available on the Company's web site at

The Company from time to time makes forward-looking statements in its public disclosures, including statements relating to revenues that might be expected from new or acquired programs and facilities, other statements regarding development and acquisition activities, statements regarding reimbursement under federal and state programs and statements regarding various trends favoring downsizing, deinstitutionalization and privatization of government programs. In the Company's filings under the federal securities laws, including its annual, periodic and current reports, the Company identifies important factors that could cause the Company's results to differ materially from those contained in such forward-looking statements. Reference is hereby made to such disclosures.
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Publication:Business Wire
Geographic Code:1USA
Date:May 31, 2005
Previous Article:EXFO: Investor/Media Advisory-Financial Results for Third Quarter of Fiscal 2005, Tuesday, June 28, 2005, 5 p.m. Eastern Time.
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