24.05.2006 12:30:00
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ARAMARK Expands Contract with Council Rock School District to Manage Energy Program
ARAMARK developed a district-wide energy management plan forCouncil's Rock's 16 elementary, middle and high school buildings whichtotal over 1.7 million square feet. The initial analysis projectedmore than $2.2 million gross savings to the District over the term ofthe contract. In the first four months of the program, savings haveexceeded the initial target with nearly $400,000 attributable toenergy consumption reductions and utility procurement initiatives. Thetotal reduction in energy consumption is 23 percent to date.
"We are pleased to expand our partnership with Council Rock SchoolDistrict," said Frank Mendicino, President, ARAMARK Education -Facility Services. "ARAMARK's goal is to demonstrably contribute tothe quality and the efficiency of the Council Rock facilitiesoperation. Every Dollar saved in the utility budget has a direct,positive effect on the District's commitment to providing anexceptional educational experience for each of its students."
"The numbers speak for themselves at a time when our budget isunder pressure," said Robert Schoch, Director of BusinessAdministration for Council Rock School District. "Without thisprogram, the instructional program and facilities maintenance effortswould have been negatively impacted. The program is just starting andfuture conservation measures, including quick payback improvements,will result in far greater savings. The timing of these savings couldnot be better."
ARAMARK has been providing custodial services to Council RockSchool District since 1999.
About ARAMARK Education
ARAMARK Education provides a complete range of food, facility,uniform and other support services to more than 650 K-12 schooldistricts in the U.S. It offers public and private educationinstitutions a family of dining and facility services including:on-site and off-site breakfast and lunch meal programs, after-schoolsnacks, catering, nutrition education, retail design and operations,maintenance, custodial, grounds, energy management, constructionmanagement, and building commissioning. For more information onARAMARK's K-12 food service programs, please visitwww.aramarkschools.com.
About ARAMARK
ARAMARK is a leader in professional services, providingaward-winning food services, facilities management, and uniform andcareer apparel to health care institutions, universities and schooldistricts, stadiums and arenas, and businesses around the world. InFORTUNE magazine's 2006 list of "America's Most Admired Companies,"ARAMARK was ranked number one in its industry, consistently rankingsince 1998 as one of the top three most admired companies in itsindustry as evaluated by peers and industry analysts. The company wasalso ranked first in its industry in the 2006 FORTUNE 500 survey.Headquartered in Philadelphia, ARAMARK has approximately 240,000employees serving clients in 20 countries. Learn more at the company'sWeb site, www.aramark.com.
Forward-Looking Statements
Forward-looking statements speak only as of the date made. Weundertake no obligation to update any forward-looking statements,including prior forward-looking statements, to reflect the events orcircumstances arising after the date as of which they were made. As aresult of these risks and uncertainties, readers are cautioned not toplace undue reliance on any forward-looking statements included hereinor that may be made elsewhere from time to time by, or on behalf of,us.
This press release includes "forward-looking statements" withinthe meaning of the Private Securities Litigation Reform Act of 1995that reflect our current views as to future events and financialperformance with respect to our operations. These statements can beidentified by the fact that they do not relate strictly to historicalor current facts. They use words such as "aim," "anticipate," "areconfident," "estimate," "expect," "will be," "will continue," "willlikely result," "project," "intend," "plan," "believe," "look to" andother words and terms of similar meaning in conjunction with adiscussion of future operating or financial performance.
These statements are subject to risks and uncertainties that couldcause actual results to differ materially from those expressed orimplied in the forward-looking statements. Factors that might causesuch a difference include: unfavorable economic conditions;ramifications of any future terrorist attacks or increased securityalert levels; increased operating costs, including labor-related andenergy costs; shortages of qualified personnel or increases in laborcosts; costs and possible effects of further unionization of ourworkforce; currency risks and other risks associated withinternational markets; risks associated with acquisitions, includingacquisition integration issues and costs; our ability to integrate andderive the expected benefits from our recent acquisitions;competition; decline in attendance at client facilities;unpredictability of sales and expenses due to contract terms andterminations; the impact of natural disasters on our sales andoperating results; the risk that clients may become insolvent; thecontract intensive nature of our business, which may lead to clientdisputes; high leverage; claims relating to the provision of foodservices; costs of compliance with governmental regulations andgovernment investigations; liability associated with noncompliancewith governmental regulations, including regulations pertaining tofood services, the environment, the Federal school lunch program,Federal and state employment and wage and hour laws and import andexport controls and customs laws; dram shop compliance and litigation;contract compliance and administration issues, inability to retaincurrent clients and renew existing client contracts; determination bycustomers to reduce their outsourcing and use of preferred vendors;seasonality; and other risks that are set forth in the "Risk Factors,""Legal Proceedings" and "Management Discussion and Analysis of Resultsof Operations and Financial Condition" sections of and elsewhere inARAMARK's SEC filings, copies of which may be obtained by contactingARAMARK's investor relations department via its websitewww.aramark.com.