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- To: firstname.lastname@example.org
- Subject: Go Wack!
- From: Greg Gainer <email@example.com>
- Date: Tue, 22 Jul 1997 14:26:04 -0400
PALM BEACH GARDENS, Fla., July 22 /PRNewswire/ -- Wackenhut Corrections
(NYSE:WHC) was notified by the U.S. Department of Justice, Federal Bureau
of Prisons (BOP) that it has been selected to manage the Taft Correctional
Institution, a 2,048-bed minimum security prison in Taft, California, after
a competitive bidding process which was just completed.
Revenues for the three-year initial term of the fixed-price contract plus
its potential for seven option years are expected to total approximately
$300 million, not including award fees. Construction of the facility is
already completed, and the company anticipates a phase-in of prisoners in
WHC is up 3 1/8 or almost 13% as I type this....