Correctional Properties Trust to Release First Quarter Earnings.

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--March 29, 1999-- Correctional Properties Trust (NYSE:CPV), a real estate investment trust (REIT), announced today that it plans to release its first quarter financial results on Tuesday, April 27, 1999.

The Executives of the Company will conduct a conference call with analysts and shareholders at 4:00 p.m. (EST), on the same date, April 27, 1999.

Those who would like to participate in the teleconference are asked to call the following telephone number at 3:45 p.m. (EST): -0-

          Dial Number:        888  - 387 - 8528

          Reference Number:   1395908

Those who wish to participate in a replay of this conference call may call the Replay Number 888 - 266 - 2081, Reference Number 1395908. The Replay will be available, starting at 7:00 p.m., Tuesday, April 27, through Tuesday, May 4, 1999, until 5:00 p.m. (EST), 24-hours a day.