on July 1, 2005.
A prison
is a place in which people are confined and deprived of a range of liberties.
incarceration correctional
vindicate scoresheet
Corrections Corporation
of America Commences Construction of New Correctional Facility in Arizona
correctional ferleger
The Company takes no
responsibility for updating the information
contained in this press release following the date hereof
to reflect
events or circumstances occurring after the date hereof or the
occurrence of unanticipated
events or for any changes or modifications
made to this press release or the information contained
herein by any
third-parties, including, but not limited to, any wire or internet
services.parolees crowded
The
Company also provides health care (including medical,
dental and psychiatric services), food services
and work and
recreational programs.----Corrections
Corporation of America (NYSE:CXW) announced
today that it has received
notification from the Tulsa County Commission in Oklahoma that, as a
result
of a contract bidding process, the County has elected to have
the Tulsa County Sheriff's Office manage
the 1,440-bed David L. The transfer of operations is estimated to
become effective at 12:01 a.L.
The Company specializes in owning, operating and managing prisons and
other correctional facilities
and providing inmate residential and
prisoner transportation services for governmental agencies.
prisoner parolees
"Our
Company is pursing a path of carefully planned growth, as dictated by
the needs of our public
sector partners. These services are intended to reduce recidivism and to
prepare inmates for their
successful re-entry into society upon their
release.
Business Editors
NASHVILLE, Tenn
. The Company currently operates 64 facilities, including
39 company-owned facilities, with a total
design capacity of
approximately 70,000 beds in 19 states and the District of Columbia.prisoners parolees
The Red
Rock Correctional Center is the latest in a series of
capital projects undertaken by CCA to meet
increasing customer
demands. The Company currently operates 63 facilities, including
38 company
-owned facilities, with a total design capacity of
approximately 69,000 beds in 19 states and the
District of Columbia.sentencing applicability
The Company expects that the capacity being made available
at the Florence
facility as a result of relocating Alaskan inmates
will be offered to federal customers currently
occupying both the
Florence and Central Arizona facilities including the U. In addition to new design
concepts, the
facility will employ state-of-the art technology, including CCA's new
IMS2 inmate
management system, currently being deployed in CCA
facilities across the country. These include,
but are not limited to, the risks and
uncertainties associated with: (i) fluctuations in the Company
's
operating results because of, among other things, changes in occupancy
levels, competition,
increases in cost of operations, fluctuations in
interest rates and risks of operations; (ii) changes
in the
privatization of the corrections and detention industry, the public
acceptance of the Company
's services and the timing of the opening of
and demand for new prison facilities; (iii) the Company
's ability to
obtain and maintain correctional facility management contracts,
including as the
result of sufficient governmental appropriations and
as the result of inmate disturbances; (iv) increases
in costs to
construct or expand correctional facilities that exceed original
estimates, or the
inability to complete such projects on schedule as a
result of various factors, many of which are
beyond the Company's
control, such as weather, labor conditions and material shortages,
resulting
in increased construction costs; and (v) general economic
and market conditions.
probation privatization
In
addition
to providing the fundamental residential services relating to
inmates, the Company's facilities offer
a variety of rehabilitation
and educational programs, including basic education, religious
services
, life skills and employment training and substance abuse
treatment.prohibited destined
The new facility will be owned
and managed by CCA and is expected to cost approximately $75 million. CCA has operated the Eloy facility
since 1995.felonies deprived
S. The Company also provides health care (including medical,
dental and psychiatric services
), food services and work and
recreational programs.applicability vindicate
"
About the Company
CCA
is the nation's largest owner and operator of privatized
correctional and detention facilities and
one of the largest prison
operators in the United States, behind only the federal government and
three states.sentencing prisons
In addition, the Company expects to complete the construction of
its Stewart County
, Georgia facility in early 2005 which will add an
additional 1,500 beds to the Company's capacity
.destined lifeskills
incarceration deprived
Corrections Corporation of America Announces Transition of the Management of the David L. Moss Criminal
Justice Center in Oklahoma
prisoner crowded
CCA management has indicated that capacity at the new facility is
intended primarily for existing CCA customers, including approximately
750 inmates from the state
of Alaska that are currently being held at
the Company's Florence Correctional Center, as well as
inmates from
other jurisdictions that are being held at various other CCA
facilities. This new
facility will enable
us to better meet the needs of several of our customers requiring bed
space
in Arizona and is reflective of CCA's commitment to assist our
customers in dealing with the ongoing
tight supply of prison beds
nationwide.
Forward-Looking Statements
This press release
contains statements as to the Company's beliefs
and expectations of the outcome of future events
that are
forward-looking statements as defined within the meaning of the
Private Securities Litigation
Reform Act of 1995. Other factors that could cause operating and
financial results to differ are
described in the filings made from
time to time by the Company with the Securities and Exchange
Commission
.parolees lifeskills
Commenting on the Tulsa County Commission's decision, President
and CEO John Ferguson stated
, "Although we are disappointed with the
decision of the Tulsa County Commission, we are very proud
of our
accomplishments during our tenure as the manager of the D.scoresheets lifeskills
Business Editors
NASHVILLE
, Tenn.
The facility will be located on CCA-owned land adjacent to the
Company's Eloy Detention
Center, a 1,500-bed facility housing inmates
for the Federal Bureau of Prisons and the Bureau of
Immigration and
Customs Enforcement. Marshals
Service and the Bureau of Immigration and Customs
Enforcement.m. The Company currently
does not expect this termination to have a material impact on
its
financial results. A prison system is the organizational arrangement of the provision and operation
of prisons.
prison vindicate
During 2004, the Company undertook expansion projects at six
facilities that will result
in the addition of approximately 1,650
beds.
The Company takes no responsibility for updating
the information
contained in this press release following the date hereof to reflect
events or
circumstances occurring after the date hereof or the
occurrence of unanticipated events or for any
changes or modifications
made to this press release or the information contained herein by any
third
-parties, including, but not limited to, any wire or internet
services.
Forward-Looking Statements
This press release contains statements as to the Company's beliefs
and expectations of the
outcome of future events that are
forward-looking statements as defined within the meaning of the
Private Securities Litigation Reform Act of 1995.correctional destined
Moss
Criminal Justice Center, located in Tulsa
. Moss
jail.lighter destined
The project is currently slated for completion during the first
quarter of 2006
."
About the Company
CCA is the nation's largest owner and operator of privatized
correctional
and detention facilities and one of the largest prison
operators in the United States, behind only
the federal government and
three states.
The Company specializes in owning, operating and managing
prisons and
other correctional facilities and providing inmate residential and
prisoner transportation
services for governmental agencies. CCA's current contract
expires on June 30, 2005.lifeskills parolees
CCA's Red
Rock Correctional Center is the first facility to
feature the Company's new facility design prototype
, which has been
under development since 2003.prisoners corrections
These
forward-looking statements are subject to
risks and uncertainties that
could cause actual results to differ materially from the statements
made. Other factors that could cause operating and
financial results to differ are described in
the filings made from
time to time by the Company with the Securities and Exchange
Commission
. Prisons conventionally are institutions authorised by governments and forming part of a country's criminal
justice system, or as facilities for holding prisoners of war.
privatization applicability
These services are intended to reduce
recidivism and to
prepare inmates for their successful re-entry into society upon their
release
. These include, but are not limited to, the risks and
uncertainties associated with: (i) fluctuations
in the Company's
operating results because of, among other things, changes in occupancy
levels
, competition, increases in cost of operations, fluctuations in
interest rates and risks of operations;
(ii) changes in the
privatization of the corrections and detention industry, the public
acceptance
of the Company's services and the timing of the opening of
and demand for new prison facilities;
(iii) the Company's ability to
obtain and maintain correctional facility management contracts,
including
as the result of sufficient governmental appropriations and
as the result of inmate disturbances;
(iv) increases in costs to
construct or expand correctional facilities that exceed original
estimates
, or the inability to complete such projects on schedule as a
result of various factors, many of which
are beyond the Company's
control, such as weather, labor conditions and material shortages,
resulting
in increased construction costs; and (v) general economic
and market conditions.disturbances probation
----Corrections
Corporation
of America (NYSE:CXW), the nation's largest provider of
corrections management services to government
, has commenced
construction of the Red Rock Correctional Center, a new 1,596-bed,
medium-security
correctional facility.
"The construction of our Red Rock Correctional Center is a
positive step
for CCA," said President and CEO John Ferguson. In
addition to providing the fundamental residential
services relating to
inmates, the Company's facilities offer a variety of rehabilitation
and educational
programs, including basic education, religious
services, life skills and employment training and
substance abuse
treatment. These
forward-looking statements are subject to risks and uncertainties
that
could cause actual results to differ materially from the statements
made.
crowded lighter
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