WALL, N.J., Jan. 9, 2014 (GLOBE NEWSWIRE) -- SchoolWheels Direct, Inc. ("SWD"), a subsidiary of Student Transportation Inc. ("STI") (TSX:STB) (Nasdaq:STB) announced that it has entered into a Management Services Agreement with Atlantic Express Transportation Group ("AE") to manage the company's California operations beginning January 10, 2014. SWD will provide all the management and other necessary services to maintain the company's existing school transportation business in California. AE operates 425 school vehicles with annualized revenues of over $25 million and has significant school transportation contracts and operations with the Los Angeles Unified School District ("LAUSD") and the Long Beach Unified School District as well as many private and Charter Schools throughout Southern California. STI's subsidiary, Student Transportation of America ("STA"), has been providing school transportation throughout California since 1997 and has been servicing LAUSD for the past four years.
SchoolWheels Direct Signs New Management Services Agreement
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