Exhibit 99.1
[LOGO] ARAMARK
NEWS
RELEASE For Immediate Release
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ARAMARK APPOINTS KPMG LLP AS INDEPENDENT PUBLIC ACCOUNTANTS
PHILADELPHIA - May 23, 2002 - ARAMARK (NYSE:RMK), a world leader in managed
services, today announced that its Board of Directors has appointed KPMG LLP as
the corporation's independent public accountants. KPMG LLP will replace Arthur
Andersen LLP as ARAMARK's independent public accountants effective immediately.
The appointment of KPMG LLP was made after careful consideration by the Board of
Directors, its Audit Committee and management of the company, and concludes an
extensive evaluation process. The decision to change auditors was not the result
of any disagreement between the company and Arthur Andersen on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure. During its more than 40 years as the company's outside
auditors, Arthur Andersen has provided ARAMARK with a high level of quality
service and has consistently demonstrated a high level of professionalism.
About ARAMARK
ARAMARK is a $9 billion world leader in providing managed services, including
food, facility and other support services, uniform and career apparel and
childcare and early education. ARAMARK has leadership positions serving the
business, education, healthcare, government, sports and recreation sectors.
ARAMARK is rated No. 1 in the outsourcing services category and is among the Top
50 companies overall in FORTUNE Magazine's 2002 "Most Admired Companies in
America." Headquartered in Philadelphia, ARAMARK has approximately 200,000
employees serving customers in 17 countries.
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Contacts:
Media Relations: Investor Relations:
GailForce Communications ARAMARK
Christopher Hardwick, 215-238-7104 Ted Hill, 215-238-3361
Chardwick@gailforceinc.com Hill-ted@aramark.com
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