CORAL GABLES, Fla., Feb. 10 /PRNewswire/ -- Ramsay Youth Services, Inc.
(Nasdaq: RYOU) announced today that it has been awarded a contract by the
Administration of Juvenile Institutions in Puerto Rico to operate a
Discipline, Challenge and Accountability Camp for male offenders between the
ages of 13 and 20 in Yabucoa, Puerto Rico. The contract has a term of five
years and is renewable for an additional five-year term.
The Discipline, Challenge and Accountability Camp program, which is
targeted to open by November 1999, will focus on education and will provide
each juvenile offender with an individualized comprehensive education plan.
Additionally, the camp program will include a residential component and a
transitional component focused on after care services to assist the youth in
their successful integration back into the community. When the camp program
becomes fully operational, it will serve 128 offenders in residential programs
and another 128 offenders in after care services.
Luis E. Lamela, President and Chief Executive Officer of Ramsay Youth
Services, Inc. said, "We are very pleased to work with the Administration of
Juvenile Institutions in Puerto Rico on this program focused on teaching
education and life skills to juvenile offenders. We feel that the camp
curriculum will promote self-discipline and personal accountability, provide
challenging physical activities, as well as build self-confidence by stressing
education and vocational training."
Mr. Lamela added, "This contract continues to build our youth services
business which grew in revenues to over $45 million in 1998 from $18.7 million
in 1997."
Ramsay Youth Services, Inc. is a leading provider and manager of education
and treatment services for at-risk and troubled youth. The Company operates
and manages charter/contract schools, residential treatment facilities, group
homes and service contracts in 8 states and 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.
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.
SOURCE Ramsay Youth Services, Inc.
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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,
Ramsay Youth Services, Inc., 305-569-4626
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