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Non-Tech : Wackenhut Corrections Corp. (WHC) -- Ignore unavailable to you. Want to Upgrade?

To: derzorn who wrote (169)	8/27/1999 5:43:00 PM
From: Zhivago	Read Replies (1) \| Respond to of 176

Were you involved with the prison stocks in 96/97 when they were high fliers. God, they were like internet stocks back then. I made some decent money on WHC then and came back for a longer term play around 20.00. I have a lot of faith in this sector and WHC, in particular. As more prisons are necessary, and they will be, the private guys will get a much better shot then even a couple of years ago. Very much worth holding and who knows, the prison boys may be come hot again. Even if they don't, the fundamentals of WHC make it a great long term play. Regard,

To: derzorn who wrote (169)	8/27/1999 5:58:00 PM
From: Zhivago	Respond to of 176

Here is a small contract, but nevertheless a contract: riday August 27, 3:49 pm Eastern Time Company Press Release SOURCE: Wackenhut Corporation Contract For Security Services Awarded To Wackenhut By Peruvian Government Agency PALM BEACH GARDENS, Fla., Aug. 27 /PRNewswire/ -- The Wackenhut Corporation (NYSE: WAK WAKB) announced today that its Peruvian subsidiary, Wackenhut Peru, has been awarded a contract by Essalud, the Peruvian Social Security Department, for physical security at its offices throughout the country. Fernando Carrizosa, president of the international unit of The Wackenhut Corporation, said, ``The award of this contract reflects the trust that our Peruvian clients have in the professionalism of the Wackenhut organization. The contract will commence on September 1, 1999, and will have an annualized value of approximately $1 million.' Wackenhut has had operations in Peru since 1983 and currently has over 1,200 security officers at commercial and government contract sites throughout the country. The new contract will require the company to employ over 225 additional personnel to provide physical security at the numerous Essalud locations. The Wackenhut Corporation is a leading international provider of integrated business services to major corporations and a wide range of industrial and commercial customers. Its principal business lines include security-related services; correctional facilities and services; and flexible staffing services. Wackenhut is a leader in the privatization of public services for municipal, state and federal agencies, and has operations throughout the United States and in over 50 other countries on six continents. The Wackenhut Corporation is the majority shareholder in Wackenhut Corrections Corporation (NYSE: WHC - news), a global leader in privatized corrections: designing, financing, building, and managing correctional and detention facilities for government agencies. The Wackenhut Corporation ( www.wackenhut.com ) trades under two symbols on the New York Stock Exchange, the Series A Common Stock and the Series B Common Stock. The Series B Common Stock has no voting rights, but in all other respects is the same as the Series A Common Stock. This press release contains forward-looking statements regarding future events and future performance of the company that involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the company files from time to time with the Securities and Exchange Commission for a description of certain factors that could cause actual results to vary from current expectations and forward- looking statements contained in this press release. Such filings include, without limitation, the company's Form 10K, Form 10Q and Form 8K reports. SOURCE: Wackenhut Corporation More Quotes and News: Wackenhut Corp (NYSE:WAKb - news; NYSE:WAK - news) Wackenhut Corrections C