SCOTTSDALE , Ariz., Jan. 8 /PRNewswire-FirstCall/ -- Rural/Metro Corporation (Nasdaq: RURL) announced today that it has been awarded a new contract term to remain the exclusive provider of airport fire protection services to the Port Columbus International Airport in Columbus, Ohio.
The initial renewal term provides for Rural/Metro to continue service
through December 31, 2009 , with two 3-year optional renewal periods
thereafter. The contract is expected to generate net revenue of approximately
Jack Brucker , President and Chief Executive Officer, said, "We are very pleased to continue serving the fire protection needs of the Port Columbus Airport and look forward to remaining an integral member of the safety services network within this facility."
Rural/Metro has served the Port Columbus Airport since 1995, providing Aircraft Rescue and Fire Fighting (ARFF) services as well as limited security and traffic enforcement services. The Company's certified firefighter/paramedics provide on-site response to emergency aviation incidents, as well as day-to-day safety and training services.
Bryan Gibson , President of the Company's Specialty Fire Division, said, "Our firefighters and other support employees are dedicated to providing the highest level of services possible to the airport and the millions of passengers who travel through these facilities each year. We are excited to build on our record of service excellence in the future as the airport continues to grow."
The Port Columbus International Airport serves the growing Central Ohio market, offering 194 daily departures to 46 airports. The airport expects more than 6.7 million passengers to travel through its terminals in 2007. Air carriers serving Port Columbus include Air Canada Jazz, American, Continental, Delta, JetBlue, Midwest Connect, Northwest, Skybus, Southwest, United, US Airways, and USA3000.
About Rural/Metro
Rural/Metro Corporation provides emergency and non-emergency ambulance services and private fire protection services in 23 states and approximately 400 communities throughout the United States . For more information, visit the company's web site at http://www.ruralmetro.com.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
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, secure new contracts, retain existing contracts, and improve earnings and operating margins. Although Rural/Metro believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.
Reference is made to a more complete discussion of forward-looking statements and applicable risks that may cause actual results to differ materially from those contemplated by such forward-looking statements ("Cautionary Statements") that include, among others, those identified under the captions "Forward-Looking Statements" and "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended June 30, 2007 , which is available free of charge on the website of the Securities and Exchange Commission (the "SEC") at http://www.sec.gov or on the Company's website at http://www.ruralmetro.com. All subsequent written and oral forward-looking statements (or statements that may be attributed to the Company) are expressly qualified by the Cautionary Statements. The Company's forward-looking statements are based on information available today, and it undertakes no obligation to update these statements, whether as a result of new information, future events or otherwise, except as required by the securities laws.
CONTACT: Liz Merritt, Rural/Metro Corporation (investors) (480) 606-3337 Jeff Stanlis, Hayden Communications (media) (602) 476-1821 (RURL/G)SOURCE Rural/Metro Corporation
