ATLANTA, GA – July 23, 2008: Rollins, Inc. (NYSE:ROL), a premier North American consumer and commercial services company, today reported unaudited financial results for the second quarter ended June 30, 2008. Revenues grew 18.7% to $284.5 million compared to $239.6 million for the second quarter ended June 30, 2007. Revenue growth excluding our recent acquisition of HomeTeam Pest Defense improved 4.7%.

The Company recorded net income of $22.7 million or $0.23 per diluted share for the second quarter ended June 30, 2008, compared to $21.2 million or $0.21 per diluted share for the second quarter ended June 30, 2007, a 7.1% increase.

During the quarter, the Company repurchased 262,775 shares of common stock at a weighted average price of $15.85 per share, with a total of 498,775 shares repurchased year-to-date. In total, approximately 515,491 additional shares may be purchased under previously approved programs by the Board of Directors.

Commenting on the Company’s results, Gary W. Rollins, President and Chief Executive Officer of Rollins, Inc. said, “Despite the tough economy, we have continued to make headway this year growing our revenues and increasing our profitability. This sustained performance demonstrates our ability to improve our company in varying economic environments. We continue to invest in programs that will provide future growth and profitability. These commitments and as well as our current operational initiatives coupled with our employees’ dedication to improving our business, puts us on track to meet our financial goals for 2008.

“We are also extremely pleased with the contribution that HomeTeam Pest Defense made to our revenue and cash flow. HomeTeam is an excellent company with superb management and associates. In their first 90 days as a member of the Rollins team they have exceeded our expectations and to date are running ahead of plan.”

Rollins, Inc. is a premier North American consumer and commercial services company. Through its wholly owned subsidiaries, Orkin, Inc., PCO Services, HomeTeam Pest Defense, Western Pest Services, and The Industrial Fumigant Company, the Company provides essential pest control services and protection against termite damage, rodents and insects to over 2 million customers in the United States, Canada, Mexico, Central America, the Caribbean, the Middle East and Asia from over 500 locations. You can learn more about our subsidiaries by visiting our Web sites at www.orkin.com, www.pestdefense.com, www.westernpest.com, www.indfumco.com, and www.rollins.com. You can also find this and other news releases at www.rollins.com by accessing the news releases button.

This release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the Company’s belief that its past performance demonstrates its ability to improve the Company in varying economic environments; it continues to invest in programs that will provide future growth and profitability; and the Company’s commitments as well as its current operational initiatives coupled with its employees’ dedication to improving its business puts the Company on track to meet its financial goals for 2008. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without limitation, general economic conditions; market risk; changes in industry practices or technologies; the degree of success of the Company’s pest and termite process reforms and pest control selling and treatment methods; the Company’s ability to identify and integrate potential acquisitions; climate and weather trends; competitive factors and pricing practices; potential increases in labor costs; uncertainties of litigation; and changes in various government laws and regulations, including environmental regulations. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. A more detailed discussion of potential risks facing the Company can be found in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2007.

ROLLINS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in thousands)
At June 30, (unaudited)	2008		2007
ASSETS
Cash and cash equivalents	$	15,272	$	57,044
Trade receivables, short-term		67,602		58,808
Accounts Receivable - Other		7,606		3,310
Materials and supplies		10,260		8,740
Deferred income taxes		17,934		18,528
Other current assets		9,767		9,621
Total Current Assets		128,441		156,051

Equipment and property, net		78,805		77,634
Goodwill		183,083		125,974
Other Intangible Assets		25,364		9,155
Customer Contracts		130,746		66,893
Deferred income taxes		8,020		12,886
Trade receivables, long-term		9,998		8,908
Prepaid Pension		17,443		—
Other assets		6,908		5,873
Total Assets	$	588,808	$	463,374

LIABILITIES
Loans outstanding	$	54,000	$	—
Capital leases		822		1,270
Accounts payable		36,444		24,428
Accrued insurance		13,541		14,225
Accrued compensation and related liabilities		46,445		40,202
Other current liabilities		31,971		28,260
Unearned revenue		98,837		85,754
Total Current Liabilities		282,060		194,139

Capital leases, less current portion		460		1,013
Accrued pension		—		6,946
Long-term accrued liabilities		56,812		52,966
Total Liabilities		339,332		255,064

STOCKHOLDERS’ EQUITY
Common stock		100,869		101,041
Retained earnings and other equity		148,607		107,269
Total Stockholders’ Equity		249,476		208,310
Total Liabilities and Stockholders’ Equity	$	588,808	$	463,374

ROLLINS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30,
(in thousands except per share data)
(unaudited)

	Second Quarter Ended						Six Months Ended
	June 30,						June 30,
		2008			2007			2008			2007
REVENUES
Customer services	$	284,499		$	239,618		$	494,577		$	440,850
COSTS AND EXPENSES
Cost of services provided		146,076			121,601			256,029			228,437
Depreciation and amortization		8,685			6,911			15,316			13,597
Sales, general and administrative		92,030			76,787			163,518			143,828
(Gain)/loss on sales of assets		(14	)		(89	)		(35	)		(96	)
Interest (income)/expense, net		393			(522	)		(326	)		(1,074	)
		247,170			204,688			434,502			384,692
INCOME BEFORE TAXES		37,329			34,930			60,075			56,158
PROVISION FOR INCOME TAXES		14,591			13,691			23,498			22,126
NET INCOME	$	22,738		$	21,239		$	36,577		$	34,032

NET INCOME PER SHARE - BASIC	$	0.23		$	0.21		$	0.37		$	0.34
NET INCOME PER SHARE - DILUTED	$	0.23		$	0.21		$	0.36		$	0.33

Weighted average shares outstanding - basic		99,369			100,465			99,378			100,722
Weighted average shares outstanding - diluted		100,171			101,513			100,286			101,811

Rollins, Inc.
Reconciliation
Revenue Excluding HomeTeam Pest Defense

	Second Quarter
	2008		2007		$Better/ (Worse)		%Better/ (Worse)

Net Revenues	$	284,499	$	239,618	$	44,881	18.7	%
Less:
Revenues from HomeTeam Pest Defense		33,738		—		33,738
Revenue Excluding HomeTeam Pest Defense	$	250,761	$	239,618	$	11,143	4.7	%