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Rural/Metro Awarded Contract to Continue Firefighting Services at Louisiana's England Airpark21 May 2006
Rural/Metro Corporation (Nasdaq: RURL), a leading provider of medical transportation and private fire protection services, announced today that it has been awarded a five-year contract in a competitive bidding process to continue providing airport firefighting services at England Industrial Airpark and Community in Alexandria, Louisiana. The contract is expected to generate estimated net revenue of $5 million over its five-year term.
Jack Brucker, President and Chief Executive Officer, said, "We are very proud of our ability to provide high-quality airport and industrial firefighting services to our customers and look forward to continuing our record of service excellence at England Airpark." Rural/Metro has provided fire protection and emergency medical services to the Airpark community since 1995.
Bryan Gibson, President of the Company's Specialty Fire Group, said, "We have established a longstanding partnership within the England Airpark community and are honored to have once again been chosen as their provider of fire protection and emergency medical services. Our employees who work and live in the area remain committed to the health and safety of the people who make England Airpark their home or business destination."
England Industrial Airpark and Community is a self-contained community in Central Louisiana. The Airpark, once a military base, is home to Alexandria International Airport, as well as a hospital, school, daycare facility, retirement housing, single-family homes, and a variety of manufacturing businesses. Three primary commercial airlines -- Continental, ASA Delta, and Northwest Airlink -- serve the airport.
Charles Smith, Director of the Company's Specialty Fire Group, said, "England Airpark is a very unique location. It provides us valuable first- hand experience in tailoring our services to residential, airport, and industrial sites within the same operation. We are very pleased to continue our work there."
About Rural/Metro
Rural/Metro Corporation provides emergency and non-emergency medical transportation, fire protection, and other safety services in 23 states and approximately 350 communities throughout the United States. The Company's Specialty Fire Group provides Aircraft Rescue and Fire Fighting (ARFF), security, and industrial fire protection services to 11 locations nationwide. For more information, visit the Company's web site at http://www.ruralmetro.com.
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 Company's ability to collect its accounts receivable; competitors' actions; litigation and regulatory matters; and the Company's ability to sustain operating cash flow, secure new contracts, retain existing contracts, and improve earnings and operating margins. Additional factors that could affect the Company are described in its Form 10-K for the year ended June 30, 2005 under the caption "Risk Factors" in the Management's Discussion and Analysis of Financial Condition and Results of Operations section, and other factors as described from time to time in the Company's SEC filings. The Company disclaims any obligation to update its forward-looking statements.
CONTACT: Liz Merritt, Rural/Metro Corporation (investors)
480-606-3337
Jeff Stanlis, Hayden Communications (media)
602-476-1821
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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