Student Transportation (STA) Wins New Premier New Hampshire Busing Contract



    Kearsarge Regional School District to Provide Fuel in $8.4 million
    Five-Year, Renewable Pact

    TORONTO, March 17 /CNW/ - Student Transportation of America, Ltd. (STA),
(TSX: STB, STB.UN) today announced that its STA-Goffstown location has been
awarded an $8.4 million contract to provide transportation services for the
Kearsarge Regional School District over the next five years.
    The contract includes provisions for the school district to provide 100%
of the fuel required. Like all contracts in New Hampshire, the district has
the option to extend the agreement without a bidding process at the end of the
five year period.
    The school district provides bus and van transportation for seven schools
serving the towns of Kearsarge, Bradford, Newbury, New London, Springfield,
Sutton, Warner and Wilmot.
    "We are pleased that, once again, strong recommendations from our current
New Hampshire customers helped reassure the Kearsarge Board of Education on
their decision," said Michael Kennedy, regional chief operating officer for
STA's Atlantic Region. "Based on the strength of our good reputation,
competitive pricing and long-standing history of quality service, we were
unanimously chosen over incumbent First Student."
    With this new contract, STA continues to build regional density in New
England while pursuing growth opportunities through acquisitions, bids and
school district conversions throughout the United States and Ontario, Canada.

    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 5,000 school vehicles in North America. For
more information, please visit www.ips-sta.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
ofc, (973) 534-1004 mobile, lviviani@sta-ips.com

Organization Profile

STUDENT TRANSPORTATION INC.

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STUDENT TRANSPORTATION OF AMERICA ULC

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