BARRIE, ON, May 4 /CNW/ - Student Transportation Inc. ("STI") (TSX:
STB), North America's third-largest provider of school bus
transportation services, today announced it will hold a conference call
and live audio webcast on Thursday, May 12, 2011 at 11 a.m. (ET) to
discuss its results for the three and nine months ended March 31, 2011.
A news release announcing STI's third quarter and fiscal 2011
year-to-date results will be issued on Wednesday, May 11, 2011.
The call will be hosted by Denis Gallagher, Chairman and Chief Executive
Officer, and Patrick Walker, Executive Vice President and Chief
Financial Officer. Following management's presentation, there will be a
brief question and answer session for analysts and institutional
The call can be accessed by dialing 1-800-779-1436 and providing
passcode 7931348. The live audio webcast will be available at www.rideSTA.com.
To access the rebroadcast for up to 30 days after the call, visit www.rideSTA.com for the webcast or dial 1-800-382-0779 and enter the passcode 256015.
About Student Transportation
Founded in 1997, Student Transportation Inc. (STI) is North America's
third-largest and fastest-growing provider of school bus transportation
services, operating more than 7,000 vehicles. STI's family of local
companies delivers safe, reliable and cost-effective transportation
solutions to school districts throughout the U.S. and Canada. Services
are delivered by drivers, dispatchers, maintenance technicians,
terminal managers and others who are caring members of their local
communities. For more information, please visit www.rideSTA.com.
Certain statements in this news release are "forward-looking statements"
within the meaning of applicable securities laws, which reflect the
expectations of management regarding, among other matters, STI's
revenues, expense levels, cost of capital, financial leverage,
seasonality, liquidity, profitability of new businesses acquired or
secured through bids, borrowing availability, ability to renew or
refinance various loan facilities as they become due, ability to
execute STI's growth strategy and cash distributions, as well as their
future growth, results of operations, performance and business
prospects and opportunities. Forward-looking statements generally can
be identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"should", "plans" or "continue" or similar expressions, and the
negative forms thereof, suggesting future outcomes or events.
These forward-looking statements reflect STI's current expectations
regarding future events and operating performance and speak only as of
the date of this news release. Forward-looking statements involve
significant risks and uncertainties, 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 or by which, such
performance or results will be achieved. A number of factors could
cause actual results to differ materially from the results discussed in
the forward-looking statements, including, but not limited to, the
inability of STI to control its operating expenses, its significant
capital expenditures, its reliance on certain key personnel, the
possibility that a greater number of its employees will join unions,
its acquisition strategy, its inability to achieve our business
objectives, significant competition in its industry, rising insurance
costs, new governmental laws and regulations, its lack of insurance
coverage for certain losses, environmental requirements, seasonality of
its industry, its inability to maintain letters of credit and
performance bonds and the termination of certain of its contracts for
reasons beyond its control. Material factors and assumptions that were
relied upon in making the forward-looking statements include contract
and customer retention, current and future expense levels, availability
of quality acquisition, bid and conversion opportunities, current
borrowing availability and financial ratios, as well as current and
historical results of operations and performance. Although the
forward-looking statements contained in this news release are based
upon what STI believes to be reasonable assumptions, investors cannot
be assured that actual results will be consistent with these
forward-looking statements, and the differences may be material. These
forward-looking statements are made as of the date of this news release
and STI assumes no obligation to update or revise them to reflect new
events or circumstances, other than as required by applicable law.
SOURCE Student Transportation Inc.
For further information:
Student Transportation Inc.
Patrick J. Walker
Executive Vice President and Chief Financial Officer
Keith P. Engelbert
Director of Investor Relations
(732) 280-4213 (FAX)