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The GEO Group, Inc. Message Board

  • mcprison mcprison Mar 7, 2001 4:27 PM Flag

    Feds give go-ahead to WHC

    PR Newswire

    March 7, 2001, Wednesday 8:01 AM Eastern Time

    SECTION: FINANCIAL NEWS

    DISTRIBUTION: TO BUSINESS EDITOR

    LENGTH: 757 words

    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.

 
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