GEO Group (GEO) Says It Welcomes Review by Department of Homeland Security

August 29, 2016 1:07 PM EDT

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The GEO Group, Inc. (NYSE: GEO) ("GEO") welcomed today’s announcement by the U.S. Department of Homeland Security directing U.S. Immigration and Customs Enforcement (“ICE”) to initiate an independent review of its current detention and processing centers. GEO’s facilities under contract with ICE (“GEO’s Facilities”) are highly rated and provide high-quality, cost-effective services in safe, secure, and humane residential environments pursuant to strict contractual requirements and the Federal Government’s national standards.

During the most recent independent audits commissioned by ICE, all of GEO’s Facilities were found to be in compliance with the Federal Government’s national standards. Additionally, during the most recent American Correctional Association’s (“ACA”) independent accreditation reviews, GEO’s Facilities scored an average greater than 99.5%, with about two-thirds receiving perfect accreditation scores of 100%. GEO’s Facilities are also independently accredited by the National Commission on Correctional Health Care.“Over the last 30 years, our company has partnered with the Federal Government to develop special-purpose facilities that provide needed services in safe, secure, and humane residential environments,” said George C. Zoley, GEO’s Chairman and Chief Executive Officer. “Our public-private partnership has allowed ICE to transfer services from older public jail facilities that did not meet the most up-to-date national standards to GEO’s highly rated, cost-effective facilities.”

“We are confident that this independent review will show that GEO has provided needed, cost-effective services that have resulted in significantly improved safety outcomes for the men and women in ICE’s care and custody,” added Mr. Zoley.

ICE employs several full-time, on-site contract monitors who have a physical presence at each of GEO’s Facilities to ensure compliance with all mandated standards. Additionally, GEO’s Facilities provide extensive office and courtroom space for ICE personnel, immigration attorneys, immigration court judges, non-governmental organizations, and other constituent groups who have ongoing access to each facility.

GEO’s Facilities provide extensive recreational and educational amenities including state-of-the-art, artificial soccer fields, flat screen TVs in all housing areas, and modern classrooms with the most up-to-date technology including cutting-edge smartboards for interactive educational programming. Additional information on GEO’s facilities can be found at www.geogroup.com/ICE.



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