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  • mcprison mcprison Dec 18, 2001 7:43 PM Flag

    WHC loses contract in FL

    PR Newswire

    December 18, 2001, Tuesday 4:07 PM Eastern Time

    SECTION: FINANCIAL NEWS

    DISTRIBUTION: TO BUSINESS EDITOR

    LENGTH: 511 words

    HEADLINE: Sexual Offender Management Contract To Be Rebid

    DATELINE: PALM BEACH GARDENS, Fla., Dec. 18

    BODY:

    Wackenhut Corrections Corp. (NYSE: WHC) ("WCC") today announced that
    legislation passed in the recent Florida Special Legislative Session rescinded
    the previously authorized competitive procurement for the development and
    operation of a new 600-bed facility for sexual offenders detained under "The
    Jimmy Ryce Act." WCC's wholly owned subsidiary, Atlantic Shores Healthcare,
    Inc., had been selected as the preferred bidder for the contract by the
    Correctional Privatization Commission. The Governor's budget message stated
    that the new project was being rescinded and an existing management contract
    will be rebid as part of an effort to sign into law a responsible, balanced
    budget that addresses the economic downturn Florida has faced as a result of the
    September 11 terrorist attacks.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20010614/WCCLOGO )

    "Although we are disappointed that the existing Request For Proposal (RFP)
    calling for the development of a new sexual offender facility has been
    discontinued, we will be awaiting the outcome of the rebid of the existing
    operations by June 30, 2002," said George C. Zoley, Chairman of Atlantic Shores
    Healthcare, Inc. and Vice Chairman and Chief Executive Officer of Wackenhut
    Corrections Corporation.

 
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