CORAL GABLES, Fla., Feb. 17 /PRNewswire/ -- Ramsay Youth Services, Inc.
(NASDAQ: RYOU) announced today that it was awarded an education services
contract by the Administration of Juvenile Institutions (AIJ) in Puerto Rico.
The contract calls for Ramsay to provide consulting, training and enhancements
in educational services at eight AIJ facilities throughout the island. The
five-year contract will become operational by April 2000 and is expected to
generate over $2 million in annual revenue.
Luis E. Lamela, President and CEO of Ramsay Youth Services, Inc., stated,
"We are delighted to be working with AIJ in enhancing the academic,
vocational, physical and special education programs for youth in their
facilities. This contract allows us the ability to concentrate on
strengthening areas of the current education program, such as curriculum
development, student assessments and program design."
In addition, the Company announced by mutual consent with AIJ, the
cancellation of a contract to operate a discipline, challenge and
accountability camp in Yabucoa, Puerto Rico.
Ramsay Youth Services, Inc. is a leading quality provider and manager of
education, treatment and juvenile justice programs for at-risk youth. The
Company serves youth 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.
 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 of Corporate
Relations of Ramsay Youth Services, Inc., 305-569-4626
|
