Correctional Services Corporation Announces Agreement to Settle Alexander Wrongful Death Lawsuit and Related Claims; Settlement

Correctional Services Corporation (NASDAQ:CSCQ) ("CSC")
today announced that CSC and its liability insurers have entered into
a comprehensive agreement to settle all claims and lawsuits that have
arisen out of the death of Bryan Dale Alexander (the "Settlement
Agreement"). The settlement is contingent upon, and subject to, the
closing of the acquisition of CSC by The GEO Group, Inc. ("GEO").
   As announced previously, GEO and CSC have entered into an
agreement pursuant to which GEO has agreed to acquire CSC subject to
the approval of CSC's shareholders and the satisfaction of certain
other closing conditions. CSC has scheduled a special shareholders
meeting for November 4, 2005 at which CSC's shareholders will consider
and vote upon the acquisition.
   The Settlement Agreement encompasses, and if and when effective
will resolve, all of the claims and lawsuits that have been or could
have been asserted against CSC, Knyvett Reyes, Tarrant County, Texas
and certain of the judges of Tarrant County, Texas by the estate and
parents of Mr. Alexander, as well as the insurance coverage dispute
between CSC and its liability insurers, Northland Insurance Company
and National Union Fire Insurance Company of Pittsburgh, PA pertaining
to such claims. The Settlement Agreement also will resolve a pending
claim for indemnification that has been asserted against CSC by
certain of the judges who have been named as defendants in the lawsuit
brought against them by Mr. Alexander's estate and parents.
   The monetary terms of the Settlement Agreement are confidential;
however, pursuant to the terms of the Settlement Agreement, if the
proposed acquisition of CSC by GEO is completed, following the
acquisition, CSC will be obligated to contribute approximately $2.7
million to the settlement. If the proposed acquisition of CSC by GEO
is not completed, then the Settlement Agreement will become null and
void.
   For more information about this the matters addressed in this
press release, please contact: Correctional Services Corporation, John
R. Mentzer, III, Vice President and General Counsel [phone].