HEADLINE: Wackenhut Corrections Opens New Prison for Federal Bureau Of Prisons in Winton, North Carolina
DATELINE: PALM BEACH GARDENS, Fla., March 7
BODY: Wackenhut Corrections Corp. (NYSE: WHC) today announced it has received the "Notice To Proceed" verification from the U.S. Department of Justice, Federal Bureau of Prisons (BOP) for the opening of the Company's newest correctional facility, Rivers Correctional Institution located in Winton, North Carolina. The facility was designed, built, and financed by Wackenhut Corrections Corporation ("WCC") in accordance with the specifications of the BOP.
On March 7, 2000, the BOP contracted with WCC to provide and operate a 1200-bed, low security, adult male facility. The contract for the management of the facility is a fixed-price contract with revenues for the three-year initial period and seven option years expected to total $327 million, not including award fees. Further, the contract provides for payment of services exclusive of occupancy commencing on March 7, 2001.
Dr. George C. Zoley, Vice Chairman and Chief Executive Officer of WCC said, "We are pleased to receive the Notice to Proceed from the BOP. Due to the hard work and dedication of our Winton management team and the tremendous cooperation from the BOP Mid-Atlantic Regional and Central Offices as well as the Town of Winton and Hertford County officials, we were able to complete the $63 million project on schedule in just 365 days from contract award." The Winton Correctional Institution is the second facility operated by WCC on behalf of the BOP.
Dr. Zoley went on to say, "The facility will be managed under the direction of WCC's Warden, Dr. Calvin R. Edwards. Dr. Edwards has over 23 years of experience with the BOP, where he held the position of Warden at four federal prisons; Regional Director of three BOP Regions; and Assistant Director of the Agency. Just prior to joining WCC, Dr. Edwards served as the Executive Deputy Director and Interim Director of the District of Columbia Department of Corrections. We are very pleased to have such a seasoned and dedicated correctional professional as part of our global management team." Rivers Correctional Institution is located on a 257-acre tract in a rural area west of Winton, Hertford County, North Carolina. The facility is a campus design with four housing buildings, recreational areas, a central programs building, an administrative building exterior to the two perimeter fences, a prison industries building, and four perimeter towers. The design enables cost-effective utilization of security staff supplemented by modern electronic surveillance. The healthcare unit's design is consistent with the predicted needs of the population.