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Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
Date:11/6/2007

nties and other factors which may cause Providence's actual results or achievements to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, reliance on government-funded contracts, risks associated with government contracting, risks involved in managing government business, legislative or policy changes, challenges resulting from growth or acquisitions, adverse media and legal, economic and other risks detailed in Providence's filings with the Securities and Exchange Commission. Words such as "believe," "demonstrate," "expect," "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.

The Providence Service Corporation

Consolidated Statements of Income

(in thousands except share and per share data)

(UNAUDITED)

Three months ended Nine months ended

September 30, September 30,

2007 2006 2007 2006

Revenues:

Home and community

based services $51,761 $37,152 $153,227 $106,673

Foster care services 7,022 5,842 18,545 16,099

Management fees 4,951 4,057 14,729 13,147

63,734 47,051 186,501 135,919

Operating expenses:

Client service expense 50,311 36,404 144,707 102,042

General and

administrative

expense 6,807
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SOURCE Providence Service Corporation
Copyright©2007 PR Newswire.
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