CORAL GABLES, Fla., Oct. 20 /PRNewswire/ -- Ramsay Youth Services, Inc.
(Nasdaq: RYOU) announced today the opening of the Bayamon Juvenile Detention
Center in Puerto Rico. The 120-bed detention center is expected to be fully
operational by the end of November 1999.
The Bayamon Juvenile Detention Center contract was awarded to Ramsay by
the Administration of Juvenile Institutions in Puerto Rico for a five-year
period and is expected to generate over $5 million in annual revenue.
Luis E. Lamela, President and CEO of Ramsay Youth Services, Inc. said, "We
are extremely pleased that we have begun operating the Bayamon Juvenile
Detention Center. The detention center is providing a variety of education
and treatment services to juveniles awaiting court processing and transfer to
a residential treatment center, day treatment program or group home."
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.
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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
of Ramsay Youth Services, Inc., 305-569-4626
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