Toronto, Ontario – November 8, 2006 – Student Transportation of America, Ltd. (“STA”), (TSX: STB.UN) today announced it will hold a conference call and live audio webcast on Monday, November 13, 2006 at 12 p.m. (ET) to discuss its financial results for the first quarter of fiscal 2007 ended September 30, 2006.

A news release announcing Student Transportation’s results will be issued after financial markets close on Friday, November 10, 2006.

The call will be hosted by Denis Gallagher, Chairman and Chief Executive Officer, Patrick Walker, Chief Financial Officer and David White, President and Chief Operating Officer. Following management’s presentation, there will be a brief question and answer session for analysts and institutional investors.

The call can be accessed by dialing 416-849-9305 or 1-866-838-4337. The audio webcast will be archived at www.sta-ips.com.

A taped rebroadcast will be available until Monday, November 20, 2006 at 12 a.m. To access the rebroadcast, please dial 416-915-1035 or 1-866-245-6755 and quote the passcode 286468#.

Profile

Student Transportation is the fifth-largest provider of school bus transportation services in North America, conducting operations through local operating subsidiaries. Student Transportation has become a leading school transportation and management company by aggregating operations through the consolidation of existing providers and conversion of in-house operations and currently operates more than 4,000 school vehicles in North America. For more information, please visit www.sta-ips.com.

For more information contact:

Denis J. Gallagher
Chairman and Chief Executive Officer
Phone: (732) 280-4200
Fax: (732) 280-4213

Patrick J. Walker
Chief Financial Officer
Phone (732) 280-4200
Fax: (732) 280-4213

Keith P. Engelbert
Director of Investor Relations
Phone: (732) 280-4200
Fax: (732) 280-4213

[email protected]