HOUSTON, July 26, 2010 (GLOBE NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) announced today that it plans to release second quarter 2010 financial results and a Company update on Thursday, August 5, 2010, before the New York Stock Exchange trading day begins. Due to the previously announced agreement and plan of merger between Cornell, The GEO Group, Inc. ("GEO") and GEO Acquisition III, Inc., pursuant to which Cornell will become a wholly owned subsidiary of GEO, the Company will not host a conference call regarding its financial results for the second quarter of 2010. The special meeting of Cornell stockholders to consider and adopt the agreement and plan of merger will take place on Thursday, August 12, 2010 at 10:00 a.m. (Central Time) at the executive offices of Cornell located at 1700 West Loop South, Suite 1500, Houston, Texas 77027.
About Cornell Companies
Cornell Companies, Inc. (http://www.cornellcompanies.com) is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration and detention, transition from incarceration, drug and alcohol treatment programs, behavioral rehabilitation and treatment, and grades 3-12 alternative education in an environment of dignity and respect, emphasizing community safety and rehabilitation in support of public policy. At June 30, 2010, the Company had 68 facilities in 15 states and the District of Columbia and a total service capacity of 21,392.
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