CORAL GABLES, Fla., Oct. 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 Gulf Coast Youth
Academy, a 104-bed residential treatment program for moderate-risk boys ages
14 to 18. The Gulf Coast Youth Academy is housed in Ramsay's facility located
in Fort Walton Beach, Florida. The contract is for a term of 2 years and is
expected to generate over $2.8 million in annual revenue.
Commenting on the new contract, Luis E. Lamela, President and CEO of
Ramsay Youth Services, Inc. stated, "We are extremely pleased to be working
with the Florida Department of Juvenile Justice on this program, which
provides educational and vocational services to adjudicated boys."
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,
Ramsay Youth Services, Inc., 305-569-4626
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