CORAL GABLES, Fla., Jan. 13/ PRNewswire/ -- Ramsay Youth Services, Inc.
(Nasdaq: RYOU) today announced that its Board of Directors has approved a
one-for-three reverse stock split of the Company's common stock. The reverse
stock split is expected to become effective in late February.
Ramsay Youth Services, Inc. is a leading provider and manager of education
and treatment services for at-risk and troubled youth. The Company, through
its youth care division, operates and manages residential treatment
facilities, group homes and service contracts in 8 states and Puerto Rico.
Ramsay's educational division manages Charter/Contract Schools serving over
500 students in five counties throughout the State of Florida.
Except for historical information contained herein, the matters set forth
in this news release are forward-looking statements as defined under the safe
harbor provisions of the private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties.
Actual operations and results may differ materially from those expected in the
forward-looking statements made by the Company. Please refer to Ramsay's
filings with the Securities Exchange Commission for additional information.
SOURCE Ramsay Youth Services, Inc.
 back to top
Related links:
http://www.ramsay.com
Company News On-Call:
http://www.prnewswire.com/comp/116733.html or fax,
800-758-5804, ext. 116733
CONTACT:
Isa Diaz, Vice President, Corporate Relations
of Ramsay Youth Services, 305-569-4626
|
