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.