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

To: derzorn who wrote (164)	6/29/1999 5:26:00 PM
From: Zhivago	Read Replies (1) \| Respond to of 176

Good press on WHC today: A lock up proposition Another lock up deal for investors is Wackenhut Corrections (WHC: news, msgs), the leading developer and operator of privately operated detention facilities in North America, Europe, and Australia. This company is able to develop and operate these facilities at a lower cost than state and local governments. They are also able to offer greater social and health services than the public sector. Earnings have grown at about a 20 percent rate over the last few years. Wachenhut earned a $.81 in 1998. Consensus estimates are for $1.00 this year and $1.27 next year. The stock sells at a price to earning ratio just about equal to its growth rate. Roy M. Blumberg, a vice president of Sheer Asset Management in New York, is a columnist for CBS MarketWatch. CBSMW MarketPlace Personal Finance : • 3.9% APR! 5% Cash Back. Get the e-Card Platinum Visa • Let the Loan arRanger find you the best rates. Visit our Loan Center. New! • Finding your dream car has never been easier. Visit our Car Club. New! • Get a free copy of your Credit Report online. New! • Attention late filers! Fast, simple online filing from SecureTax.com Investing: • The Direct Investor Center, the premier place for direct stock investing. • Access over 250,000 investment research reports. Free membership! • CBS MarketWatch LIVE:real-time equity quotes and news over the Internet. How to Spend it! • Put your market gains to work at the Online Golf Superstore. New! • Explore The Good Life with Cigar Aficionado and Wine Spectator.

To: derzorn who wrote (164)	7/6/1999 11:42:00 PM
From: Zhivago	Respond to of 176

This news isn't too shabby: Tuesday July 6, 9:33 am Eastern Time Company Press Release SOURCE: The Wackenhut Corporation Wackenhut Correctional Facilities In Arkansas To Be Expanded By 600 Beds PALM BEACH GARDENS, Fla., July 6 /PRNewswire/ -- Two Arkansas prison facilities managed by Wackenhut Corrections Corporation (NYSE: WHC - news) and housing inmates for the Arkansas Department of Correction (A.D.C.), have been selected for a prison expansion project totaling 600 beds. Wackenhut Corrections has been selected by the State of Arkansas to expand its 600-bed facility for young adult male offenders into a 1000-bed facility; and to expand its 600-bed facility for adult female offenders to accommodate 800 beds. Both facilities are located in Newport, Arkansas. Dr. George C. Zoley, vice chairman and chief executive officer of Wackenhut Corrections, said, ''This expansion provides the Arkansas Department of Correction with a cost-effective method of meeting a critical need for inmate bed space within the state. We appreciate the continued support we have received from the host community and the confidence placed in us by the Department of Correction.'' Construction of the expansions is expected to begin in October, 1999, for an opening in the third quarter, 2000. Wackenhut expects to negotiate the management contract for the expanded population with the Arkansas Board of Correction and Community Punishment in the coming months. Both facilities have been in operation since January 20, 1998, when Wackenhut completed their development, to include the design and construction. The facilities, the Scott Grimes Correctional Facility for young adult males and the Ronald McPherson Correctional Facility for adult females, were named after Arkansas correctional officers who had been killed in the line of duty. Wackenhut conducts extensive inmate programs at locations, to include academic education; vocational training; life skills; substance abuse treatment, education and counseling; mental health counseling; anger management; parenting; recreation, and religious/chaplaincy programs. Wackenhut Corrections, a world leader in the privatized corrections industry, now has contracts/awards to manage 54 correctional/detention facilities in North America, Europe, Australasia and South Africa with a total of 36,621 beds. It also has contracts for mental health services, prisoner transportation, correctional health care services, and electronic monitoring. Wackenhut Corrections (NYSE: WHC - news) is a subsidiary of The Wackenhut Corporation (NYSE: WAK - news and WAKB - news) and offers government agencies a turnkey approach to developing new correctional institutions that includes design, construction, financing and operations. It provides a broad spectrum of correctional services, which include adult corrections, juvenile facilities, community corrections and special purpose institutions. 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 10-K, Form 10-Q and Form 8-K reports. SOURCE: The Wackenhut Corporation More Quotes and News: Wackenhut Corp (NYSE:WAKb - news; NYSE:WAK - news) Wackenhut Corrections Corp (NYSE:WHC - news) Help Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information.