CORAL GABLES, Fla., April 27 /PRNewswire/ -- 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 Everglades Youth
Development Center, a 102-bed residential treatment program for high-risk
boys, ages 14 to 18 located in Florida City, Florida. The contract is for a
term of three years and is expected to generate over $9.7 million in revenue.
Commenting on the new contract, Luis E. Lamela, President and CEO of
Ramsay Youth Services, Inc. stated, "We look forward to working with the
Florida Department of Juvenile Justice on this program that serves males from
all over the state. This program will focus on providing a therapeutic
community model and cognitive-behavioral treatment strategies along with
vocational programming designed to meet each youth's individualized needs."
Ramsay Youth Services, Inc. is a leading quality provider and manager of
treatment, education and community-based programs for at-risk, troubled and
special needs youth. The Company has operations in nine 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.
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, 305-569-4626
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