STOCK REPURCHASE PLAN
Published on April 27, 2005
Exhibit 99.1 For Further Information Contact
Harry J. Cynkus (404) 888-2922
FOR IMMEDIATE RELEASE
ROLLINS, INC. ANNOUNCES 4 MILLION SHARE
REPURCHASE PROGRAM
ATLANTA, GEORGIA, April 26, 2005: Rollins, Inc., a nationwide consumer
services company (NYSE Ticker Symbol - ROL), announced today that as part of the
Company's active management of equity capital, its Board of Directors today
authorized the purchase of up to 4 million additional shares of the Company's
common stock. The Company plans to repurchase shares at times and prices
considered appropriate by the Company. The share repurchase program announced
today is in addition to the Company's existing plan to repurchase 4.5 million
shares, of which 276,216 shares remain available for repurchase.
"Rollins, through its wholly owned subsidiaries, Orkin, Inc. and Western
Pest Services, has built a leading position in the pest control industry and has
excellent growth opportunities and a healthy long-term financial outlook. Our
balance sheet is the strongest in our history. This authorization enables us to
continue the purchase of our shares when appropriate, which is an important
benefit resulting from the Company's outstanding cash generation capabilities,"
said Gary W. Rollins, President and Chief Executive Officer of Rollins, Inc.
Rollins, Inc. is one of the nation's largest consumer services companies.
Through its wholly owned subsidiaries, Orkin, Inc. and Western Pest Services,
the Company provides essential pest control services and protection against
termite damage, rodents, and insects to approximately 1.7 million customers in
the United States, Canada, and Mexico from over 400 locations. You can learn
more about Orkin by visiting our websites at www.orkin.com and www.rollins.com.
You can also find this and other news releases at www.rollins.com by accessing
the news releases button.
Statements in this press release regarding potential repurchases of Company
common stock are forward looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The timing and amount of future stock
repurchases are subject to a number of uncertainties, including market
conditions, the Company's liquidity and financial position, and applicable laws
and regulations.
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