CORAL GABLES, Fla., Feb. 3 /PRNewswire-FirstCall/ --
Ramsay Youth Services, Inc. (Nasdaq: RYOU) announced today that it has been
awarded a contract by the Florida Department of Juvenile Justice to operate
the Polk Youth Development Center, a 350-bed residential program for high-risk
males located in Polk County, Florida. The contract has a term of five years
and is expected to generate over $9.7 million in annual revenue.
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020731/RYOULOGO )
Commenting on the new contract, Luis E. Lamela, President and CEO of
Ramsay Youth Services, Inc., said, "We look forward to working with the
Florida Department of Juvenile Justice on this program. We are eager to
assist these youth in obtaining the educational, vocational and treatment
services they need to be successful in society."
Ramsay Youth Services, Inc. is a leading provider and manager of mental
health, substance abuse and behavioral health programs and services in
residential and non-residential settings in eleven states and the Commonwealth
of Puerto Rico.
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.
The 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 and Exchange Commission for additional
information, specifically the Risk Factors section in the Company's Form 10K
for the year ended December 31, 2001.
SOURCE Ramsay Youth Services, Inc.
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Related links:
http://www.ramsay.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20020731/RYOULOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/116733.html
CONTACT:
Isa Diaz, Executive Vice President, Corporate
Relations, Ramsay Youth Services, Inc., +1-305-569-4626
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