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Providence Service Corporation Announces That Avalon Correctional Services Has Abandoned Its Consent Solicitation
Date:3/3/2009

TUCSON, Ariz., March 3 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today announced that Avalon Correctional Services (Pink Sheets: CITY) has abandoned its disruptive and distracting consent solicitation against Providence. "We are delighted that Avalon and its controlling stockholder, Donald E. Smith, have finally recognized that continuing their consent solicitation is not in the best interests of ALL Providence stockholders. We look forward to moving beyond this unnecessary distraction and returning our full time and attention to delivering on Providence's very significant potential and enhancing value for ALL Providence stockholders," said Fletcher McCusker, Chairman and CEO.

"While we would have much preferred to focus our time elsewhere such as on our numerous ongoing initiatives to enhance stockholder value, we were not going to allow ONE dissident stockholder group to intimidate or bully us into acceding to their demands so that they could further their own personal agenda. The Providence Board and management strongly believe that Providence must be run like any other public company - for the benefit of ALL stockholders - and are committed to doing just that. We are very confident that Providence is moving in the right direction.

"Given Don Smith's record of operating Avalon like it was his personal property and his very public record of taking actions, such as voluntarily delisting from Nasdaq and terminating the registration of Avalon's shares, so as to cease being required to comply with the corporate governance and public disclosure requirements imposed by Nasdaq and the SEC, we are confident that our stockholders would have been quick to seriously question his commitment to corporate governance issues and wonder whether this consent solicitation was not being driven by some ulter
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SOURCE Providence Service Corporation
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