The GEO Group Signs Contract for the Continued Management of the South Texas Detention Center BOCA RATON, Fla.–(BUSINESS WIRE)–The GEO Group (NYSE:GEO) (“GEO”) announced today that it has

The GEO Group is the world leader in the delivery of correctional,

detention, residential treatment, and electronic monitoring services to

federal, state, and local government agencies around the globe with 116

facilities and 80,000 beds, including projects under development. GEO

offers a turnkey approach that includes design, construction, financing,

and operations. GEO represents government clients in the United States,

Australia, South Africa, and the United Kingdom.

This press release contains forward-looking statements regarding

future events and future performance of GEO that involve risks and

uncertainties that could materially affect actual results, including

statements regarding estimated earnings, revenues and costs and our

ability to maintain growth and strengthen contract relationships.

Factors that could cause actual results to vary from current

expectations and forward-looking statements contained in this press

release include, but are not limited to: (1) GEO’s ability to

successfully pursue further growth and continue to enhance shareholder

value; (2) GEO’s ability to access the capital markets in the future on

satisfactory terms or at all; (3) risks associated with GEO’s

ability to control operating costs associated with contract start-ups;

(4) GEO’s ability to timely open facilities as planned, profitably

manage such facilities and successfully integrate such facilities into

GEO’s operations without substantial costs; (5) GEO’s ability to win

management contracts for which it has submitted proposals and to retain

existing management contracts; (6) GEO’s ability to obtain future

financing on acceptable terms; (7) GEO’s ability to sustain company-wide

occupancy rates at its facilities; and (8) other factors contained in

GEO’s Securities and Exchange Commission filings, including the forms

10-K, 10-Q and 8-K reports.