GEO Group Acquires Correctional Services Corporation

October 10, 2005 GEO Group Acquires Correctional Services Corporation In July 2005, GEO Group announced the acquisition of Correctional Services Corporation (CSC) in Sarasota, Florida. Under the terms of the agreement approved by the boards of directors of both GEO and CSC, shareholders of CSC will assume approximately $62 million and GEO will assume $124 million of CSC debt. The closing of the acquisition is targeted for the beginning of the fourth quarter of 2005. CSC has contracts and awards for the operation of 15 adult correctional facilities with approximately 7,500 beds. In addition, CSC also operates juvenile programs . . .