GGI PRISONS commercialized on Wall St.--The GEO Group (NYSE: GGI)

Profile


The GEO Group (NYSE: GGI) is a world leader in providing diversified services to government agencies around the globe.

These services include:
  • Correctional Facilities
  • Detention Centers
  • Mental Health Services Facilities
  • Facility Design
  • Infrastructure Financing
  • Turnkey Construction
  • Other Government Services

We design, construct, finance and manage jails, state and federal prisons, special-purpose institutions, and immigration and detention centers.

We develop and manage medical and mental health rehabilitation facilities and services, including those focused on education, substance abuse, counseling and work programs, and community corrections services.

We deliver various other management services such as secure prisoner escort, court and immigration custody services, and facility maintenance services.

At year-end 2004, we managed 40 correctional/detention contracts and awards representing 43 facilities  worldwide. Under these agreements, we managed approximately 36,000 offender beds in North America, Australia, New Zealand and South Africa. Our revenue at year-end 2004 was $614.5 million, and net income was $16.8 million.

We currently have approximately 9,000 skilled employees. Corporate staff includes experts in prison design, financing, contract compliance, general administration, security, health services, human resources, information technology, basic education, vocational training, counseling, substance abuse treatment, mental health services and special needs populations, food service, facilities maintenance, and procurement.

Our world headquarters office is located in the United States in Boca Raton, Florida. We also have regional offices in Carlsbad, California; New Braunfels, Texas; and Palm Beach Gardens, Florida. Our international offices are located in Sydney, Australia; Johannesburg, South Africa and Reading, England. Our stock is listed on the New York Stock Exchange under ticker symbol GGI.


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