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PHILADELPHIA--(BUSINESS WIRE)--June 16, 2004--ARAMARK (NYSE:RMK), a world leader in managed services, has signed the contract to provide food service for the Olympic Village at the 2004 Summer Olympic Games in Athens, Greece. The decision, which was made by the Organizing Committee for the Olympic Games Athens 2004 (OCOG), marks the 13th time ARAMARK has been selected to serve at the Olympic Games.
In Athens, ARAMARK will work with its partner, the Daskalantonakis Group, the leading Greek hospitality and tourism group, to provide meals for the largest Olympic Village in history. The Olympic Village in Athens will host Summer Olympic and Paralympic Games participants, coaches, officials and Games personnel. ARAMARK and the Daskalantonakis Group will be serving more than two million meals to participants, coaches and officials throughout the 60-day duration of both the Olympic and Paralympic Games. In addition, ARAMARK and its partner are managing the design and construction of the kitchen and dining facilities for the Olympic Villages.
ARAMARK has a long and rich history with the Olympic Games -- dating back to 1968 when it served at the Mexico City Summer Games, the largest in history at the time. Since then, the company has managed services at more Olympics Games than any other company, earning its own "gold medal" performance at both the Summer and Winter games over the past four decades -- including the 1976 Summer Olympic Games in Montreal, Canada; the 1980 Winter Olympic Games in Lake Placid, N.Y.; the 1984 Winter Olympic Games in Sarajevo, Yugoslavia; the 1984 Summer Olympic Games in Los Angeles, Calif.; the 1988 Winter Olympic Games in Calgary, Canada; the 1988 Summer Olympic Games in Seoul, South Korea; the 1992 Summer Olympic Games in Barcelona, Spain; the 1994 Winter Olympic Games in Lillehammer, Norway; the 1996 Centennial Olympic Games in Atlanta, Ga.; the 1998 Winter Olympic Games in Nagano, Japan; and the most recent Summer Olympic Games in Sydney, Australia in 2000.
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 2004 FORTUNE 500 survey and was also named one of "America's Most Admired Companies" by FORTUNE magazine in 2004, 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 200,000 employees serving clients in 18 countries.
Forward-Looking Statements
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" 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; 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; liability associated with non-compliance with governmental regulations, including regulations pertaining to food service, the environment and Federal and state employment laws and wage and hour laws; 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" sections of ARAMARK's SEC filings.
For further information regarding risks and uncertainties associated with ARAMARK's business, please refer to the "Management's Discussion and Analysis of Results of Operations and Financial Condition" and "Risk Factors" and other sections of ARAMARK's SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting ARAMARK's investor relations department via its web site www.aramark.com.
Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us.
For additional information regarding ARAMARK's dining services in the Olympic Village, media representatives should contact the following:
CONTACT: ARAMARK Corporation Philadelphia
Michelle Davidson, 215-238-3523
davidson-michelle@aramark.com
or
Doug Warner, 215-238-3316
warner-doug@aramark.com
SOURCE: ARAMARK Corporation