SOURCE: Rural/Metro Corporation

Rural/Metro Corporation

July 08, 2010 13:45 ET

Rural/Metro Retains Blount County, Tennessee 911 Ambulance Contract in Competitive Bid

SCOTTSDALE, AZ--(Marketwire - July 8, 2010) -  Rural/Metro Corporation (NASDAQ: RURL), a leading national provider of ambulance and private fire protection services, has received unanimous approval from the Blount County Commission to retain its long-standing contract for exclusive 911 ambulance services in Blount County, Tennessee. The contract was awarded in a competitive bidding process.

Michael P. DiMino, President and Chief Executive Officer, said, "The success of our organic growth strategy is directly connected to our commitment to outstanding service, our expertise as an industry leader, and the strength of our relationships in existing markets. These qualities support the confidence communities have when they choose Rural/Metro as their emergency ambulance provider."

The five-year contract term began July 1, 2010 and is expected to generate net ambulance revenue of approximately $5.7 million annually. 

Bryan Gibson, Executive Vice President and Chief Operating Officer, added, "We are very proud to provide exceptional emergency medical services in Blount County and commend our dedicated employees for providing the highest standards of care to our patients and customers. It is an honor to be a part of the emergency response system in this growing community." 

Blount County is home to more than 122,000 citizens and spans 584 square miles in Eastern Tennessee, including the cities of Maryville, Alcoa, Louisville, Townsend, Friendsville and Rockford. Rural/Metro has provided emergency ambulance services in Blount County for 25 years, with more than 17,000 patients transported annually.

Rural/Metro's presence as a leading emergency services provider throughout Eastern Tennessee also includes contracts for emergency ambulance services in Knox, Loudon and Franklin counties. In addition, Rural/Metro Fire Department is the third-largest fire department in Tennessee, serving the unincorporated areas of Knox County since 1977.

About Rural/Metro Corporation

Rural/Metro Corporation provides emergency and non-emergency ambulance services and private fire protection services in 20 states and approximately 400 communities throughout the United States. For more information, visit the Company's web site at www.ruralmetro.com.

SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS

The foregoing reflects the Company's views about its future financial condition, performance and other matters that constitute "forward-looking" statements as such term is defined by the federal securities laws. Many of these statements can be found by looking for words such as "believe," "anticipate," "expect," "plan," "intend," "may," "should," "will likely result," "continue," "estimate," "project," "goals," or similar words used herein in connection with any discussions of future operating or financial performance or business prospects. We may also make forward-looking statements in our earnings reports filed with the Securities and Exchange Commission, earnings calls and other investor communications. These forward-looking statements are subject to the safe harbor protection provided by federal securities laws. These forward-looking statements are subject to numerous risks, uncertainties and assumptions, including those relating to the Company's future business prospects, future growth plans and future operating results. In addition, the Company may face risks and uncertainties related to other factors that are listed in its periodic reports filed under the Securities Exchange Act. Although the Company believes the expectations reflected in its forward-looking statements are based upon reasonable assumptions, because the statements are subject to risks and uncertainties, the Company can give no assurance that its expectations will be attained or that actual developments and results will not materially differ from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on the statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.

(RURL/G)

Contact Information

  • CONTACT:
    Liz Merritt
    Rural/Metro Corporation
    (480) 606-3337

    Sharrifah Al-Salem, FD
    (415) 293-4414