Lakeland Florida Real Estate

FORT LAUDERDALE, Fla. Nov. 20 /PRNewswire/ -- Sunair Services Corporation (the Company) (Amex: SNR - News) today announced that it has closed a transaction to sell the real estate property associated with the previously sold high frequency radio business, and located in Fort Lauderdale, Florida, for $2.7 million in cash.

Commenting on the sale, John J. Hayes, the Company's chief executive officer said, "We are pleased to have completed this transaction and expect to use the proceeds to continue our aggressive tuck-in acquisition and internal growth strategy to further build our lawn and pest control services business within our Southeastern United States platform."

ABOUT SUNAIR

Sunair Services Corporation, a Florida corporation, through its wholly owned subsidiary, Middleton Pest Control, Inc., with headquarters located in Orlando, Florida, provides pest control and lawn care services to both residential and commercial customers.

LAWFUEL - Law News, Law Jobs - R. Alexander Acosta, United States Attorney for the Southern District of Florida, David W. Bourne, Special Agent in Charge, Food and Drug Administration, Office of Criminal Investigations, Miami Field Office, Jonathan I. Solomon, Special Agent in Charge, Miami Field Office, Federal Bureau of Investigation, and Henry Gutierrez, Inspector in Charge, Miami Division, United States Postal Inspection Service, announced that defendant Joseph Sutera was sentenced today by the Honorable United States District Judge Daniel T.K. Hurley to 16 years� imprisonment, to be followed by three years of supervised release.

Sutera, along with co-defendants Agustin Castellanos, Robert Catanese, pled guilty on July 24, 2006 and co-defendants Eric Ressner and Stephanie Mirante pled guilty on July 25, 2006 to charges stemming from a multi-million dollar prescription billing scheme.

-- Net income of $255.7 million for the quarter -- After-tax gains of $79.7 million on sale of real estate -- Strong underwriting results across all lines -- Significant progress toward 2006 expense-savings target Summary Financial Results, after tax (In millions except per-share data) 3 Months Ended 9 Months Ended September 30 September 30 2006 2005 2006 2005 Net Income $255.7 $101.1 $663.6 $500.4 Gains on Sale of Real Estate $79.7 $-- $101.0 $-- Loss on Debt Repurchases $-- $(2.6) $-- $(2.6) Contribution to Safeco Insurance Foundation $(19.5) $-- $(19.5) $-- *Net Realized Investment Gains on Contribution to Safeco Insurance Foundation $29.2 $-- $29.2 $-- **Operating Earnings $170.3 $97.8 $571.9 $465.9 Net Income Per Diluted Share of Common Stock $2.20 $0.80 $5.56 $3.91 Weighted Average Shares Outstanding (Diluted) 116.3 126.6 119.4 127.9 * Includes the $29.2 million gain on securities donated to the Safeco Insurance Foundation.