Providence Service Corporation to Present at the CIT 4th Annual Healthcare Conference...

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Mon Apr 20, 2009 8:30am EDT

Providence Service Corporation to Present at the CIT 4th Annual Healthcare
Conference on April 21

Updates Preliminary First Quarter 2009 Guidance, Now Estimated to be at least
$0.35 per Diluted Share

TUCSON, Ariz., April 20 /PRNewswire-FirstCall/ -- The Providence Service
Corporation (Nasdaq: PRSC) today announced that Fletcher McCusker, Chairman
and Chief Executive Officer, is scheduled to present an overview of the
Company's operations at the CIT 4th Annual Healthcare Conference on Tuesday,
April 21, 2009 at The Waldorf-Astoria Hotel in New York, NY.  

The Company currently expects to report first quarter earnings per diluted
share of at least $0.35 on revenue of between approximately $180 million and
$185 million.  On March 27, 2009, the Company had estimated diluted earnings
per share of at least $0.25 and revenue of between approximately $170 million
and $180 million for the first quarter of 2009.  As previously stated,
guidance for the first quarter of 2009 includes approximately $1.5 million in
costs and expenses related to the amended credit agreement, including
arrangement, legal, accounting and other expenses, as well as approximately
$300,000 in legal and other fees related to the now abandoned consent
solicitation.  

Providence's presentation is scheduled for 10:00 a.m. ET.  The presentation
will be broadcast live and will be available by webcast at
http://investor.provcorp.com by going to Event Calendar or at
http://www.thomson-webcast.net/us/dispatching/?event_id=7fed948fa0e3fa2f88d044020e10b869&portal_id=e647e6760b8229914c8520d57d3df42b.
 An archive of the webcast will be available for 90 days.

About Providence
Providence Service Corporation, through its owned and managed entities,
provides home and community based social services and non-emergency
transportation services management to government sponsored clients under
programs such as welfare, juvenile justice, Medicaid and corrections. 
Providence does not own or operate beds, treatment facilities, hospitals or
group homes, preferring to provide services in the client's own home or other
community setting.  The Company provides a range of services through its
direct and managed entities to over 87,000 clients through 1,039 contracts at
December 31, 2008, with an estimated 6.3 million individuals eligible to
receive the Company's non-emergency transportation services related to its
LogistiCare operations.  Combined, the Company has a nearly $1 billion book of
business including managed entities.

Certain statements herein, such as any statements about Providence's
confidence or strategies or its expectations about revenues, results of
operations, profitability, earnings per share, contracts, collections, award
of contracts, acquisitions and related growth, growth resulting from
initiatives in certain states, effective tax rate or market opportunities,
constitute "forward-looking statements" within the meaning of the private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve a number of known and unknown risks, uncertainties 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, including its latest Form 10-K. 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.




SOURCE  Providence Service Corporation

Fletcher McCusker - Chairman and CEO of Providence Service Corporation,
+1-520-747-6600; or Alison Ziegler of Cameron Associates, +1-212-554-5469
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