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PHILADELPHIA--(BUSINESS WIRE)--May 31, 2005--ARAMARK (NYSE:RMK) and the Philadelphia Eagles today announced that ARAMARK will provide food and beverage services at Lincoln Financial Field, home of the NFC Champion Philadelphia Eagles, effective immediately. Under the agreement, which has a minimum term of five years and is renewable by the Eagles for an additional five, ARAMARK will manage the general concession and club level food and beverage services at Lincoln Financial Field.
"It is extremely exciting for us to be partners with the Eagles at one of the finest football facilities in the country, which happens to be right here in our hometown," said Sean Rooney, President, Stadiums and Arenas, ARAMARK Sports and Entertainment Services. "We welcome the addition of another local team to our valued client roster."
ARAMARK currently provides managed services for all of the other major sports venues in Philadelphia including the Wachovia Complex (Wachovia Center and Spectrum), home of the NBA's 76ers, the NHL's Flyers, the AHL's Phantoms, the AFL's Soul, the NLL's Wings, and the MISL's Kixx; and Citizens Bank Park, home of MLB's Phillies.
"ARAMARK understands the importance of providing all of our fans with a high level of operational service and expertise," said team president Joe Banner. "Through our new partnership, we hope to align the Eagles' and ARAMARK's mutual customer-focused goals to enhance the overall fan experience at Lincoln Financial Field."
Fans at 2005 NCAA Men's Lacrosse National Championship last weekend were the first to experience ARAMARK's services at Lincoln Financial Field.
Through its sports and entertainment division, ARAMARK provides a wide range of managed services, including food, facility and other support services. The company serves more than 130 premier sports stadiums, arenas and concert venues. ARAMARK offers organizations a single source provider for concessions, event planning, premium dining needs and catering, on-site restaurants, retail merchandise sales and facilities management.
About ARAMARK
ARAMARK Corporation is a world leader in providing award-winning food and facilities management services to health care institutions, universities and school districts, stadiums and arenas, international and domestic corporations, as well as providing uniform and career apparel. ARAMARK was ranked number one in its industry in the 2005 FORTUNE 500 survey and was also named one of "America's Most Admired Companies" by FORTUNE magazine in 2005, consistently ranking since 1998 as one of the top three most admired companies in its industry as evaluated by peers. Headquartered in Philadelphia, ARAMARK has approximately 242,500 employees serving clients in 20 countries.
Forward-Looking Statements
Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect the events or circumstances arising after the date as of which they were made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us.
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as "aim," "anticipate," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "look to" and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that might cause such a difference include: unfavorable economic conditions, ramifications of any future terrorist attacks or increased security alert levels; increased operating costs, including labor-related and energy costs; shortages of qualified personnel or increases in labor costs; costs and possible effects of union organizing activities; currency risks and other risks associated with international markets; risks associated with acquisitions, including acquisition integration costs; our ability to integrate and derive the expected benefits from recent acquisitions; competition; decline in attendance at client facilities; unpredictability of sales and expenses due to contract terms and terminations; the contract intensive nature of our business, which may lead to client disputes; high leverage; claims relating to the provision of food services; costs of compliance with governmental regulations and government investigations; liability associated with non-compliance with governmental regulations, including regulations pertaining to food service, the environment, Federal and state employment laws and wage and hour laws; import and export controls and customs laws; dram shop litigation; inability to retain current clients and renew existing client contracts; determination by customers to reduce outsourcing and use of preferred vendors; seasonality; and other risks that are set forth in the "Risk Factors," "Legal Proceedings" and "Management Discussion and Analysis of Results of Operations and Financial Condition" sections of and elsewhere in ARAMARK's SEC filings, copies of which may be obtained by contacting ARAMARK's investor relations department via its web site www.aramark.com.
CONTACT:
ARAMARK Corporation, Philadelphia
Media Relations:
Kathleen Keenan, 215-238-5933
keenan-kathleen@aramark.com
Investor Relations:
Bobbi Chaville, 215-238-3726
chaville-bobbi@aramark.com
SOURCE: ARAMARK Corporation