Kearsarge Regional School District to Provide Fuel in $8.4 million Five-Year, Renewable Pact

TORONTO, (Mar. 17, 2008) -- Student Transportation of America, Ltd., today announced that its STA-Goffstown location has been awarded an $8.4 million contract to provide transportation services for the Kearsarge Regional School District over the next five years.

The contract includes provisions for the school district to provide 100% of the fuel required. Like all contracts in New Hampshire, the district has the option to extend the agreement without a bidding process at the end of the five year period.

The school district provides bus and van transportation for seven schools serving the towns of Kearsarge, Bradford, Newbury, New London, Springfield, Sutton, Warner and Wilmot.

"We are pleased that, once again, strong recommendations from our current New Hampshire customers helped reassure the Kearsarge Board of Education on their decision," said Michael Kennedy, regional chief operating officer for STA's Atlantic Region. "Based on the strength of our good reputation, competitive pricing and long standing history of quality service, we were unanimously chosen over incumbent First Student."

With this new contract, STA continues to build regional density in New England while pursuing growth opportunities through acquisitions, bids and school district conversions throughout the United States and Ontario, Canada.