Cornell to Operate Residential Treatment Center in Washington, D.C.

October 1, 2003

Cornell to Operate Residential Treatment Center in Washington, D.C. Cornell Companies, Inc., announced on June 3, 2003, that it has entered into a negotiated, $5 million management agreement with the D.C. Youth Services Administration to operate the Joz-Arz Residential Treatment Center, a 56-bed facility located in the District of Columbia. The initial term of the management agreement, which took effect June 1, 2003, is five years and includes an additional five-year option. The residential treatment center's current capacity is 56; the company expects to ramp-up to current capacity during . . .