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Providence Service Corporation Announces Intent to File a Common Stock Shelf Registration Statement
Date:3/12/2008

TUCSON, Ariz., March 12 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today announced that it intends to file a "shelf" registration statement for shares of its common stock on Form S-3 with the Securities and Exchange Commission, or SEC. Providence anticipates that it will file the proposed shelf registration statement immediately following the filing of its Annual Report on Form 10-K for the Year Ended December 31, 2007; however, it has no immediate plans to raise capital thereunder.

Assuming it is declared effective by the SEC, the proposed shelf registration statement would enable Providence to sell, directly to one or more investors, or to or through one or more underwriters or dealers, and/or through agents, from time to time, shares of its common stock for aggregate proceeds of up to $175 million.

Registration of shares of common stock under the proposed shelf registration statement will allow the Company to register shares in advance and provide it with the flexibility to offer the shares when market conditions are favorable or when financing needs arise. The registration of shares thereunder would not, however, mean that Providence would ever necessarily offer or sell such shares. Further, even if the proposed shelf registration statement is filed, and subsequently declared effective by the SEC, each offering, if any, that Providence determines to make pursuant to the proposed shelf registration statement would require a prospectus supplement to be filed with the terms of that offering, including, among other things, the number and price of the shares to be offered, before any such offering or sales thereunder could be made. In addition, any draw-down under the shelf registration statem
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