Corrections Corporation of America to Present at Lehman Brothers 2006 High Yield Bond and Syndicated Loan Conference.NASHVILLE, Tenn. -- Corrections Corporation of America Corrections Corporation of America (NYSE: CXW) (CCA) is a company that manages public prisons and other facilities[1], and has concessions for many others. The company had annual revenues in 2004 of $1.15 billion USD. (NYSE NYSE See: New York Stock Exchange :CXW) the nation's largest provider of corrections management services to government agencies, announced today that Todd Mullenger, Vice President and Treasurer, will present at the Lehman Brothers 2006 High Yield Bond and Syndicated Loan Syndicated Loan A very large loan in which a group of banks work together to provide funds for one borrower. There is usually one lead bank that takes a small percentage of the loan and syndicates the rest to other banks. Notes: Also known as a "syndicated bank facility. Conference at Disney's Yacht & Beach Club Resort in Orlando, Florida, from March 15 - 17, 2006. The presentation is scheduled to take place on Thursday, March 16, 2006, at 9:30 a.m. Eastern Time. The presentation will be audio-webcast and will be accessible on the investor relations Investor relations The process by which the corporation communicates with its investors. section of the Company's website at www.correctionscorp.com. The written materials accompanying the presentation will also be available on the Company's website at the time of the presentation. The webcast will be archived at www.correctionscorp.com for 30 days after the event. About the Company The Company is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. The Company currently operates 63 facilities, including 39 company-owned facilities, with a total design capacity of approximately 71,000 beds in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The Company specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, the Company's facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism recidivism: see criminology. and to prepare inmates for their successful re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the into society upon their release. The Company also provides health care (including medical, dental and psychiatric services), food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and and work and recreational programs. The Company takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services. |
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