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FOR IMMEDIATE RELEASE
RAMSAY YOUTH SERVICES, INC.
ANNOUNCES FIRST QUARTER RESULTS
CORAL GABLES, FLORIDA, MAY 12, 2000 . . . RAMSAY YOUTH SERVICES, INC.
(NASDAQ:RYOU) today announced results for the first quarter ended March 31,
2000. The Company reported that net revenues for the quarter reached $23,457,000
and net income totaled $160,000 or $.02 per share.
Commenting on first quarter performance, Luis E. Lamela, President and CEO of
Ramsay Youth Services, Inc., noted, "Our results for the first quarter reflect
our steady growth in the youth services business. We are very pleased with the
Company's performance and look forward to continue providing quality education
and treatment programs to youth."
Ramsay Youth Services, Inc. is a leading quality provider and manager of
treatment, education and community-based programs for at-risk, troubled and
special needs youth. The Company has operations in nine states and the
Commonwealth of Puerto Rico.
Except for historical information contained herein, the matters set forth in
this news release are forward-looking statements as defined under the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties.
Actual operations and results may differ materially from those expected in the
forward looking statements made by the Company. Please refer to Ramsay's filings
with the Securities and Exchange Commission for additional information.
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Contact: Isa Diaz
Vice President Corporate Relations
(305) 569-4626
