Student Transportation CEO to speak at Canada's first GreenTech Investment Conference



    /NOT FOR RELEASE OVER US NEWSWIRE SERVICES/

    Drives Green Initiatives in the Yellow School Bus Industry

    TORONTO, Oct. 22 /CNW/ - In recognition of his leadership in
environmental responsibility, Denis J. Gallagher, chairman and chief executive
officer of Student Transportation of America (STA) (TSX: STB) will be a
featured speaker at this week 's Sustainability 2008: Canada's First Green
Investment Conference. Designed to increase public awareness and investment
opportunities in the GreenTech Sector, the conference will be held October 24
and 25 at the Vancouver Convention and Exhibition Center.
    In a presentation titled, "Driving Green Initiatives in the Yellow School
Bus Industry," Gallagher will get an opportunity to showcase STA to the
investment community and to outline his company's efforts to provide a
cleaner, safer environment for the more than half a million students it
transports to and from school each day.
    STA is owner and operator of the largest fleet of biodiesel school buses
in Canada. Produced locally from non-petroleum, renewable resources, biodiesel
fuel reduces greenhouse gases and tailpipe emissions by as much as 40 percent.
    In the environmentally sensitive region of Southern California, STA
operates Compressed Natural Gas (CNG) vehicles that produce 60 to 90 percent
fewer smog-producing pollutants. The company's California fleet also includes
Ultra Low Emission Vehicles (ULEV) and various emission control devices for
cleaner burning diesel, and company-wide maintenance programs promote
recycling of used oil and tires.
    "Alternative fuels are better for the environment and better for
students," Gallagher said. "We are committed to providing vehicles that
improve air quality and continue to look for new opportunities for 'greener'
operations. While this process will take some time, we are committed to the
program's success"
    A 32-year veteran in the passenger transportation industry, Gallagher
founded Student Transportation of America in 1997 and, along with a team of
experienced transportation executives, has built the company to become the
fourth largest and fastest growing provider of student transportation in North
America. The company now operates a fleet of more than 5,400 vehicles in 10
U.S. states and in Ontario, Canada serving over 200 public and private school
districts.
    Gallagher will speak on Friday, October 24th and STA will offer
information on clean transportation to investors at its booth in the Vancouver
Convention & Exhibition Center. The conference is presented by Source One
Capital Corp., Sustainability 2008 will feature over 90 exhibiting companies
and is open to investors, media and the general public. For more information
about STA visit www.ridesta.com. For more information about Sustainability
2008 visit www.sustainability2008.com.

    About Student Transportation

    Founded in 1997, Student Transportation is the fourth-largest provider of
school bus transportation services in North America, conducting operations
through local operating subsidiaries. Student Transportation has become a
leading school bus transportation company by aggregating operations through
the consolidation of existing providers and conversion of in-house operations
and operates more than 5,400 school vehicles in North America. For more
information, please visit www.rideSTA.com.

    Forward-Looking Statements

    This news release contains "forward-looking statements" within the
meaning of applicable securities laws, which reflects the expectations of
management regarding STA's results of operations, expense levels, cost of
capital, financial leverage, seasonality, cash flows, performance, liquidity,
borrowing availability, financial ratios, ability to execute the STA's growth
strategy and cash distributions. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as "may", "will",
"expect", "intend", "track", "targeted", "estimate", "anticipate", "believe",
"should", "plans" or "continue" or similar expressions suggesting future
outcomes or events. These forward looking statements reflect STA's current
expectations regarding anticipated future events, results, circumstances,
performance or expectations, which are not historical facts. Forward looking
statements involve significant risks and uncertainties, and should not be read
as guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not or the times at which or by the
performance or results will be achieved. A number of factors could cause our
actual results to differ materially from the results discussed, expressed or
implied in any forward-looking statement made by us or on our behalf,
including, but not limited to the factors discussed under "Risk Factors" in
our Annual Information Form. These forward looking statements are made as of
the date of this news release and, except as required by applicable law, we
undertake no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.





For further information:

For further information: MEDIA CONTACT: Lynette Viviani, (973) 968-7929
office, (973) 534-1004 mobile, lviviani@rideSTA.com; INVESTOR CONTACTS:
Student Transportation of America Ltd., Denis J. Gallagher, Chairman and CEO,
(732) 280-4200; Patrick J. Walker, Executive VP and CFO, (732) 280-4200; Keith
P. Engelbert, Director of Investor Relations, (732) 280-4200, (732) 280-4213
(FAX), Email: kengelbert@rideSTA.com, Website: www.rideSTA.com

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STUDENT TRANSPORTATION INC.

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STUDENT TRANSPORTATION OF AMERICA ULC

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