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Providence Service Corporation Announces 187% Revenue Increase in First Quarter of 2008

estimate," "anticipate," "should" and "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Providence undertakes no obligation to update any forward-looking statement contained herein.

--financial tables to follow--

The Providence Service Corporation

Consolidated Statements of Income

(in thousands except share and per share data)


Three months ended

March 31,

2008 2007


Home and community based services $65,896 $50,030

Foster care services 6,952 5,641

Management fees 5,242 4,784

Non-emergency transportation services 95,574 -

173,664 60,455

Operating expenses:

Client service expense 61,483 46,803

Cost of non-emergency transportation services 86,248 -

General and administrative expense 11,666 7,318

Depreciation and amortization 3,320 1,008

Total operating expenses 162,717 55,129

Operating income 10,947 5,326

Other (income) expense:

Interest expense 5,285 111

Interest income (358) (363)'/>"/>

SOURCE The Providence Service Corporation
Copyright©2008 PR Newswire.
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