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., +1-561-999-7306 Web site: http://www.thegeogroupinc.com/

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