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  • mcprison mcprison Jul 10, 2001 6:39 PM Flag

    WHC gets added to Russell Indicies

    Wackenhut Corrections Is Added to the Russell(R) Indexes

    PALM BEACH GARDENS, Fla., July 10 /PRNewswire/ -- Wackenhut Corrections
    Corporation (NYSE: WHC) ("WCC"), a world leader in the privatized corrections
    industry, today announced that its common stock has been added to the Russell
    3000(R), 2500(R), 2000(R) Indexes and included in the Russell(TM) Growth
    series of both indexes.

    (Photo: )

    George C. Zoley, vice chairman and chief executive officer of WCC, said,
    "WCC's inclusion in the Russell 3000(R) and Russell 2000(R) Indexes, along
    with the Russell(TM) Growth style indexes, exemplifies the Company's
    financial strength and industry leadership. The addition of WCC to the
    Indexes well positions the Company to be included in the thousands of
    institutional and individual investors which rely on the Russell Indexes as
    part of their investment strategy."

    The Indexes, constructed by the Frank Russell Company, were reconstructed on
    July 1, 2001. Russell is a provider of global investment performance
    measurement products and portfolio analysis tools. The Indexes are weighted
    according to total market capitalization and provide benchmark for the U.S.
    stock market activity and performance. The Russell 3000(R) Index is a broad
    market index of the 3,000 largest U.S. stocks and the Russell 2000(R) is a
    leading benchmark for the small cap market while the Russell 2000(TM) and
    2500(TM) Growth Indexes measures the performance of those Russell small cap
    companies with higher price-to-book ratios and higher forecasted growth

    WCC is a world leader in the privatized correctional management, medical and
    mental health rehabilitation services industry. The Company offers
    government agencies a turnkey approach to the development of new correctional
    and mental health institutions that includes design, construction, financing
    and operations. WCC has contracts/awards to manage 56 correctional,
    detention and mental health facilities representing nearly 39,000 beds in
    North America, Europe, Australia, South Africa and New Zealand. The WCC also
    provides prisoner transportation services, electronic monitoring for home
    detainees and correctional health care services. The company is a subsidiary
    of The Wackenhut Corporation (NYSE: WAK WAKB).

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