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CCA TO MANAGE CITRUS COUNTY, FLA. JAIL

NASHVILLE, Tenn., Sept. 7 /PRNewswire/ -- Corrections Corporation of America (NYSE: CXC) announced today that it has reached agreement with Citrus County, Fla. to operate 300 adult male and female jail beds in an existing county-owned facility near Inverness.

The contract carries an initial three-year term and is expected to produce over $4 million in annual revenues for CCA. The company will assume management on Oct. 1.

"We are delighted to bring to Citrus County the same quality and cost-effective management that we have brought to other county jails in Florida," said CCA Chairman and CEO Doctor R. Crants. "The commission's diligent examination of CCA's proposal has concluded that the county will save over $1 million each year of our contract. Our expectations are high for a long and successful relationship with Citrus County."

CCA manages prisons and other correctional institutions for governmental agencies, including 533 jail beds for Bay County, Fla., 302 jail beds for Hernando County, Fla., and 750 prison beds for the state of Florida. The company is the industry leader in private sector corrections with a total of 25,705 beds in 44 facilities under contract in 11 U.S. states, the Commonwealth of Puerto Rico, Australia and the United Kingdom.

CCA's full range of services includes finance, design, construction and management of new or existing facilities, as well as long-distance inmate extradition.
 -0- 9/7/95


/CONTACT: Peggy Wilson Lawrence, Corrections Corporation of America, 615-292-3100/

(CXC)

CO: Corrections Corporation of America ST: Tennessee IN: SU:

JB -- CH001 -- 0628 09/07/95 08:53 EDT
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Publication:PR Newswire
Date:Sep 7, 1995
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