ResCare UK Operations Re-Branded
LOUISVILLE, KY (November 4, 2008) - ResCare (NASDAQ: RSCR), the United States' leading provider of residential, training, therapeutic, educational and support services for people with barriers to employment and special needs, announced today that it is re-branding its operations in the United Kingdom to better reflect expansion and diversification plans in the UK. In late 2007, ResCare purchased the workforce service operations of Biscom Resource Management Limited, a United Kingdom company with six locations in the UK and a private provider of government funded job reintegration services that include job training and job placement assistance. The business will now operate as PeopleServe and will provide educational and vocational training, job placements and workforce services in the UK with a particular focus on responding to developments in public service markets, including welfare reform.
"The name change to PeopleServe and new branding reflect our plans for growth and extending our services to benefit thousands of people across the UK," said Ralph G. Gronefeld, Jr., ResCare President and Chief Executive Officer. "As PeopleServe, we can provide a broad range of human services building on Biscom's success in training and recruitment. We look forward to continuing ResCare's pledge to assist people in reaching their highest level of independence."
ResCare, with nearly 35 years of experience helping people reach their highest level of independence, is one of the largest providers of home care to the elderly and those with disabilities. It also offers residential and support services to people with intellectual and developmental disabilities and provides education, vocational training and job placement for people of all ages and skill levels. Based in Louisville, Kentucky, ResCare and its more than 45,000 dedicated employees serve daily more than 65,000 people in 39 states, Washington, D.C., Puerto Rico and in a growing number of international locations. For more information about ResCare, please visit the Company's website at www.rescare.com.
From time to time, ResCare makes forward-looking statements in its public disclosures, including statements relating to expected financial results, revenues that might be expected from new or acquired programs and facilities, its development and acquisition activities, reimbursement under federal and state programs, financing plans, compliance with debt covenants and other risk factors, and various trends favoring privatization of government programs. In ResCare's filings under the federal securities laws, including its annual, periodic and current reports, the Company identifies important factors that could cause its actual results to differ materially from those anticipated in forward-looking statements. Please refer to the discussion of those factors in the Company's filed reports. Statements related to expected financial results are as of this date only, and ResCare does not assume any responsibility to update these statements.