Student Transportation (STA) reports insider purchases



    TORONTO, Jan. 6 /CNW/ - Student Transportation of America Ltd. (STA)
(TSX: STB) announced that several senior executive officers and directors of
the Company have recently completed purchases of common shares of the
Company's outstanding shares. The recent share purchases were made prior to
the current insider trading blackout period, the terms of which are set out in
the Company's insider trading policy, which can be found on the STA website at
www.rideSTA.com. A listing of share purchases can be found on the System for
Electronic Disclosures by Insiders ("SEDI") website at www.sedi.ca.
    "The common share purchases by me as well as other officers and directors
demonstrate the confidence of our current business operations and growth
strategy," said Denis J. Gallagher, chairman and chief executive officer. "We
believe the company's common shares were and are undervalued due to general
market conditions and certain investor's lack of knowledge in the stable,
contracted school bus transportation sector. Despite world economic
conditions, kids have to go to school and we are fortunate to be in a
recession resistant business with infrastructure characteristics."

    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 currently operates more than 5,600 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: INVESTOR CONTACTS: Student Transportation of
America Ltd., Denis J. Gallagher, Chairman and Chief Executive Officer;
Patrick J. Walker, Executive Vice President and Chief Financial Officer; Keith
P. Engelbert, Director of Investor Relations, (732) 280-4200, Email:
kengelbert@rideSTA.com, Website: www.rideSTA.com; MEDIA CONTACT: Lynette
Viviani, (973) 968-7929 office, (973) 534-1004 mobile, lviviani@rideSTA.com

Organization Profile

STUDENT TRANSPORTATION INC.

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STUDENT TRANSPORTATION OF AMERICA ULC

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