Student Transportation CEO to Speak at Canada’s First GreenTech Investment Conference
TORONTO (October 22, 2008) – 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.
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: [email protected]
Website: www.rideSTA.com
