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The GEO Group, Inc. Message Board

  • mcprison mcprison May 26, 2000 3:43 PM Flag

    good WHC biz article

    WCC Placed On List Of 100 Best Small Companies By
    Business Week Magazine

    PALM BEACH GARDENS, Fla.,
    May 26 /PRNewswire/ -- WCC (NYSE: WHC) has been named
    one of "The 100 Best Small Companies" in the annual
    list of "Hot Growth Companies" compiled by Business
    Week Magazine (May 29, 2000).

    Business Week
    states that it compiled the list after looking at public
    companies "with sales between $25 million and $500
    million," and that the ranking of the top 100 was based on
    "their three-year results in sales growth, earnings
    growth, and return on invested capital." WCC was ranked
    number 96 on the list, and the data was based on
    financial results through the end of the first quarter,
    2000.

    Dr. George C. Zoley, vice chairman and chief
    executive officer of WCC, said, "We are extremely pleased
    with the recognition given to the growth of our
    revenues, earnings, and return on capital over the past
    several years. We are extremely proud of our record and
    currently have new correctional facilities and expansions
    of existing facilities with a total of over 8,000
    beds under development, thus assuring our continued
    growth. WCC's expansion into the privatization of mental
    health facilities and the anticipation of approximately
    20,000 additional correctional facility beds to be
    contracted to the private sector in the United States and
    overseas in the near future also contribute to our
    optimism regarding growth potential."

    WCC, a world
    leader in the privatized corrections industry and has
    contracts/awards to manage 55 correctional/detention facilities in
    North America, Europe, Australia, South Africa, and New
    Zealand with a total of 40,733 beds. The Company also
    provides prisoner transportation services; electronic
    monitoring for home detainees; correctional health care; and
    mental health services.

 
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