Providence Service Corporation Workforce Development Subsidiary Awarded $7 to 8 Million Annual Contract for the City of Detroit
28 Octobre 2009 - 9:03PM
PR Newswire (US)
TUCSON, Ariz., Oct. 28 /PRNewswire-FirstCall/ -- The Providence
Service Corporation (NASDAQ:PRSC) today announced that Detroit,
Michigan based Ross Innovative Employment Solutions, part of
Providence's wholly owned workforce development subsidiary,
Providence Community Services, Inc., was awarded an annual $7 to 8
million contract by the Detroit Workforce Development Department, a
Michigan Works! Agency, for the oversight and operation of several
One Stop Service Centers in the city. Under the contract, Ross will
operate four One-Stop Service Centers and a mobile unit for the
city of Detroit. The centers are designed to meet the needs of both
the business community and job seekers. Ross will provide job
seekers, including dislocated workers from industries such as
automotive, education, government and manufacturing, with soft
skills employability workshops, referrals to vocational and
professional training, career guidance and job placement. Each
center provides the opportunity for laid off workers to file their
unemployment claim and place their resume on the talent bank. Other
customers are expected to include the underemployed, displaced
homemaker, returning citizens, veterans, persons with disabilities,
older youth, and older workers. For the local business community,
Ross will provide access to a full range of local workforce
development services including labor market information,
advertisement support, application prescreening, assessments, job
matching and placements, as well as on-the-job training and
incumbent worker training. "We are pleased that we were able to
secure this award, in what was a very competitive environment,"
commented Fletcher McCusker, Chairman and CEO. "Our success was a
credit to the excellent team at Ross as well as their track record
of running successful workforce development programs in the state.
In Detroit, which is dealing with record unemployment levels in the
range of 28%, programs like One-Stop offer a very valuable service
and are integral in helping the unemployed become economically
self-sufficient." The annual $7 to 8 million contract is subject to
final review and execution. The expected start date is December 1,
2009. The contract, which was awarded through a competitive bid
process, is funded by the Department of Labor and Michigan's
Department of Energy, Labor and Economic Growth. The Workforce
Investment Act (WIA), a $74 million program in Michigan, is
administered by the state's 25 Michigan Works! Agencies. About
Providence The Providence Service Corporation, through its owned
and managed entities, provides home and community based social
services and non-emergency transportation services management to
government sponsored clients under programs such as welfare,
juvenile justice, Medicaid and corrections. Providence does not own
or operate beds, treatment facilities, hospitals or group homes,
preferring to provide services in the client's own home or other
community setting. The Company provides a range of services through
its direct and managed entities to over 78,000 clients through 925
active contracts at June 30, 2009, with an estimated 6.7 million
individuals eligible to receive the Company's non-emergency
transportation services. Combined, the Company has a nearly $1
billion book of business including managed entities.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"demonstrate," "expect," "estimate," "anticipate," "should" and
"likely" and similar expressions identify forward-looking
statements. In addition, statements that are not historical should
also be considered forward-looking statements. Readers are
cautioned not to place undue reliance on those forward-looking
statements, which speak only as of the date the statement was made.
Such forward-looking statements are based on current expectations
that involve a number of known and unknown risks, uncertainties and
other factors which may cause actual events to be materially
different from those expressed or implied by such forward-looking
statements. These factors include, but are not limited to the
global credit crisis, capital market conditions, and other risks
detailed in Providence's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal
year ended December 31, 2008. Providence is under no obligation to
(and expressly disclaims any such obligation to) update any of the
information in this press release if any forward-looking statement
later turns out to be inaccurate whether as a result of new
information, future events or otherwise. DATASOURCE: The Providence
Service Corporation CONTACT: Fletcher McCusker - Chairman and CEO,
or Kate Blute - Director of Investor and Public Relations, both of
The Providence Service Corporation, +1-520-747-6600; or Alison
Ziegler of CAMERON ASSOCIATES, +1-212-554-5469, for The Providence
Service Corporation Web Site: http://www.provcorp.com/
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