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Providence Service Corporation Comments on Section 220 Demands Received From Avalon Correctional Services, Inc.
Date:1/26/2009

cused on several strategic options to enhance shareholder value including, among other things, delevering our debt, growing our core social services business and selling certain non-strategic assets. We are very confident that, at the appropriate time and in the appropriate forum, given the facts and the confluence of events that surround Avalon's extraordinarily overbroad, patently inappropriate and unduly burdensome Section 220 demands and the manner in which they have been pursued, including Avalon's decision to publish its demand letters so as to use them as a rhetorical platform, Avalon's demand letters will be seen as driven by ulterior motives and for improper purposes that have little to do with the exercise by a shareholder of its statutory rights."

Section 220 is a provision of the General Corporation Law of the State of Delaware, the State of Providence's incorporation, that allows shareholders holding as few as one share in a company to make a demand for access to various books and records of the company, provided that such demand is made for a proper purpose. This provision is often used for improper purposes by dissident shareholders in connection with an impending or ongoing proxy contest to gain access to confidential information for use in its proxy materials, at a great cost to a company's other shareholders. Among other improper purposes, dissident shareholders have used the Section 220 demand as a vehicle to intimidate and harass a company and its management in preparation for a proxy contest, with little regard for whether it receives any information or not. As the Delaware courts have noted in the past, "the potential for abuse is very much alive when the Section 220 demand is made in the context of an impending or ongoing proxy contest."

About Providence

Providence Service Corporation, through its owned and managed entities, provides home and community based social services
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