The GEO Group, Inc. Announces All-Cash Proposal To Buy Global Solutions Limited For 200 Million Pounds Sterling

The GEO Group, Inc. Announces All-Cash Proposal To Buy Global Solutions Limited
For 200 Million Pounds Sterling 


BOCA RATON, Fla., March 4  /PRNewswire-FirstCall/ -- Group 4 Falck A/S, the
multinational security services company ("Group 4 Falck"), haspublicly
disclosed its intention to sell Global Solutions Limited ("GSL"), its wholly
owned UK-based government-outsourcing services subsidiary.  Through this press
release, The GEO Group, Inc. ("GEO") hereby announces that it is proposing to
purchase GSL for 200 million pounds sterling in cash. GEO has received two
separate indications for committed financing from its financiers and is prepared
to proceed to closing on an expedited basis.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20031201/FLM015LOGO )

GEO will be formalizing the proposal through a letter from its Chairman and
Chief Executive Officer, George C. Zoley, directly to the members of the board
of directors of Group 4 Falck.  The proposal will be subject to the terms and
conditions ofthat letter.

Mr. Zoley stated, "We encourage the board of directors of Group 4 Falck to give
this offer by The GEO Group strong consideration."

GEO is a world leader in the delivery of correctional and detention management,
health and mental health, and other diversified services to federal, state, and
local government agencies around the globe. GEO offers a turnkey approach that
includes design, construction, financing, and operations.  GEO represents
government clients in the United States, Australia, South Africa, New Zealand,
and Canada servicing 40 facilities with a total design capacity of approximately
36,000 beds.

This press release contains forward-looking statements regarding future events
and future performance of GEO that involve risks and uncertainties that could
materially affect actual results.  Factors that could cause actual results to
vary from current expectations and the forward-looking statements contained in
this press release include, but are not limited to: (1) GEO's inability to
secure committed financing for the acquisition of GSL; (2) the failure by Group
4 Falck's board of directors to give adequate consideration to GEO's offer to
acquire GSL; (3) GEO's inability to complete the acquisition of GSL for any
reason; and (4) other factors contained in GEO's Securities and Exchange
Commission filings, including GEO's Form 10-K, 10-Q and 8-K reports. 

http://www.newscom.com/cgi-bin/prnh/20031201/FLM015LOGO

http://photoarchive.ap.org/

DATASOURCE: The GEO Group, Inc.



CONTACT:  Pablo E. Paez, Manager, Corporate Communications, The GEO

Group, Inc., [phone]



Web site:  http://www.thegeogroupinc.com/ 

Copyright