Student Transportation CEO to Speak at NBF Transportation & Logistics Conference in Toronto
Barrie, ON – Student Transportation of America, Ltd., (STA) (TSX: STB) today announced that its Chairman and CEO, Denis J Gallagher, will make a presentation to the fourth annual National Bank Financial Inc. Transportation & Logistics Conference at the Four Seasons Hotel in Toronto on March 24, 2009 at 9:30 a.m. EDT.
Joining STA on the conference agenda will be other top Canadian transport companies such as Canadian Pacific Railway, Air Canada, Bombardier, BFI, Canadian National Railway and many others. Gallagher will summarize the company’s continued revenue and cash flow growth and speak to the recession resistant business model STA has developed.
“Investors are seeking safety and security in their investments that provide stable and predictable dividends, “said STA Chairman and CEO Denis J. Gallagher. “Kid’s have to go to school; safety and security is our business and we have delivered consistent dividends to our shareholders since our arrival on the TSX in December 2004. Presenting at the NBF conference will let more people know who we are and the growth we have available.”
Investors are invited to listen to a live audio webcast of the event at www.rideSTA.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.
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.
Student Transportation of America Ltd.
Denis J. Gallagher
Chairman and Chief Executive Officer
Patrick J. Walker
Executive Vice President and Chief Financial Officer