NEW YORK, Sept. 11 /PRNewswire/ -- Accipiter Capital Management
expressed its concern today over Rural/Metro Corporation's (Nasdaq: RURL)
lack of communication with stockholders regarding the Company's fourth
quarter and fiscal year end financial results.
    Gabe Hoffman, Managing Member of Accipiter Capital Management, stated
"Accipiter, a long-term, major stockholder owning nearly 15% of the
outstanding shares of Rural, is concerned with the Company's lack of
communication with stockholders regarding its release of fourth quarter and
fiscal year end financial numbers. At the end of July, Rural issued a press
release trumpeting the success of its short-term internal initiatives and
indicating its intent to hold a management-hosted conference call to
discuss Rural's fourth quarter and fiscal year end results. However, it is
now less than two days from the SEC filing deadline, and stockholders have
been treated to nothing but silence, not even call-in details for
management's conference call. We demand that Rural promptly inform
stockholders of its plans to report fourth quarter and fiscal year end
results, as well as inform stockholders of any potential plans to file for
an extension on its 10-K filing."
    Contacts
    Dan Burch / Dan Sullivan
    MacKenzie Partners, Inc.
    212-929-5940 / 1-800-322-2885
    CERTAIN INFORMATION CONCERNING PARTICIPANTS
    Accipiter Life Sciences Fund, LP ("ALS Fund"), together with the other
Participants (as defined below), intend to make a preliminary filing with
the Securities and Exchange Commission ("SEC") of a proxy statement and
accompanying proxy card to be used to solicit votes for the election of a
slate of director nominees at the 2007 annual meeting of stockholders of
Rural/Metro Corporation, a Delaware corporation (the "Company").
    ALS FUND ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY
STATEMENT WHEN IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. SUCH PROXY STATEMENT WILL BE AVAILABLE AT NO CHARGE ON THE
SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THE
SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON
REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY
SOLICITOR, MACKENZIE PARTNERS, INC. BY TELEPHONE AT 800-322-2885 OR EMAIL
AT PROXY@MACKENZIEPARTNERS.COM.
    The participants in the proxy solicitation are anticipated to be
Accipiter Life Sciences Fund (Offshore), Ltd., ("ALS Fund Offshore"),
Accipiter Life Sciences Fund II, LP, ("ALS Fund II"), Accipiter Life
Sciences Fund II (Offshore), Ltd., ("ALS Fund II Offshore"), Accipiter Life
Sciences Fund II (QP), LP, ("ALS Fund II QP") (together with ALS Fund, ALS
Fund Offshore, ALS Fund II, ALS Fund II Offshore, ALS Fund II QP, the
"Accipiter Entities"), Accipiter Capital Management, LLC, ("Accipiter
Management"), Candens Capital, LLC, ("Candens Capital"), Gabe Hoffman,
Nicole Viglucci and Mohsin Y. Meghji. As of the date of this filing, ALS
Fund, ALS Fund II and ALS Fund II QP beneficially owned 745,595, 534,951
and 611,901 shares of Common Stock of the Company, respectively. As the
general partner of each of ALS Fund, ALS Fund II and ALS Fund II QP,
Candens Capital may be deemed to beneficially own the 1,892,447 shares of
Common Stock of the Company collectively owned by ALS Fund, ALS Fund II and
ALS Fund II QP.
    As of the date of this filing, ALS Fund Offshore and ALS Fund II
Offshore beneficially owned 749,867 and 1,059,333 shares of Common Stock of
the Company, respectively. As the investment manager of each of ALS Fund
Offshore and ALS Fund II Offshore, Accipiter Management may be deemed to
beneficially own the 1,809,200 shares of Common Stock of the Company
collectively owned by ALS Fund Offshore and ALS Fund II Offshore.
    As of the date of this filing Mr. Hoffman may be deemed to beneficially
own 3,701,647 shares of Common Stock collectively owned by the Accipiter
Entities. Mr. Hoffman has sole voting and dispositive power with respect to
the 3,701,647 Shares owned by the Accipiter Entities. Each of Candens
Capital, Accipiter Management and Gabe Hoffman disclaims beneficial
ownership of the shares of Common Stock of the Company owned by the
Accipiter Entities except to the extent of its or his pecuniary interest
therein. Currently, neither Nicole Viglucci nor Mohsin Y. Meghji
beneficially owns any shares of Common Stock of the Company.

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