EXHIBIT 99.1

NEW’S RELEASE

One Park Place, Suite 700 n 621 Northwest 53^rd Street n Boca Raton, Florida 33487 n www.thegeogroupinc.com

CR-09-20

THE GEO GROUP REPORTS SECOND QUARTER 2009 RESULTS

• 2Q GAAP Income from Continuing Operations Increased to $16.5 Million - $0.32 EPS

• 2Q Pro-Forma Income from Continuing Operations Increased to $17.1 Million - $0.33 EPS

• Issues 3Q09 Earnings Guidance - Pro Forma EPS Range of $0.34 to $0.35

• Issues 4Q09 Earnings Guidance - Pro Forma EPS Range of $0.36 to $0.37

Boca Raton, Fla. – August 3, 2009 — The GEO Group (NYSE: GEO) (“GEO”) today reported second quarter 2009 financial results. GEO reported second quarter 2009 GAAP income from continuing operations of $16.5 million, or $0.32 per share, based on 51.8 million diluted weighted average shares outstanding compared to $13.9 million, or $0.27 per share, based on 51.8 million diluted weighted average shares outstanding in the second quarter of 2008. Second quarter 2009 pro forma income from continuing operations increased to $17.1 million, or $0.33 per share, based on 51.8 million diluted weighted average shares outstanding from pro forma income from continuing operations of $15.3 million, or $0.30 per share, based on 51.8 million diluted weighted average shares outstanding in the second quarter of 2008.

For the first half of 2009, GEO reported GAAP income from continuing operations of $31.6 million, or $0.61 per share, based on 51.8 million diluted weighted average shares outstanding compared to $25.7 million, or $0.50 per share, based on 51.8 million diluted weighted average shares outstanding for the first half of 2008. Pro forma income from continuing operations for the first half of 2009 increased to $32.9 million, or $0.64 per share, based on 51.8 million diluted weighted average shares outstanding from pro forma income from continuing operations of $28.4 million, or $0.55 per share, based on 51.8 million diluted weighted average shares outstanding for the first half of 2008.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said: “We are pleased with our strong second quarter earnings results and our outlook for 2009. We have continued to deliver sound operational and financial results through our diversified business units, and the demand drivers in our key market segments remain fundamentally strong. Our pipeline of new projects under development scheduled for opening between 2009 and 2010 remains robust with more than 6,800 beds, and we continue to be optimistic about our new business development efforts.”

Pro forma income from continuing operations excludes start-up/transition expenses, international bid and proposal costs, and other items as set forth in the table below, which presents a reconciliation of pro forma income from continuing operations to GAAP income from continuing operations for the second quarter and first half of 2009. Please see the section of this press release below entitled “Important Information on GEO’s Non-GAAP Financial Measures” for information on how GEO defines pro forma income from continuing operations.

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NEWS RELEASE

Table 1. Reconciliation of Pro Forma Income from Continuing Operations to GAAP Income from Continuing Operations

	13 Weeks Ended		13 Weeks Ended		26 Weeks Ended		26 Weeks Ended
(In thousands except per share data)	28-Jun-09		29-Jun-08		28-Jun-09		29-Jun-08
Income from continuing operations	$	16,491	$	13,852	$	31,562	$	25,740
Start-up/transition expenses, net of tax		371		1,407		1,074		2,455
International bid and proposal expenses, net of tax		229		49		306		195
Pro forma income from continuing operations	$	17,091	$	15,308	$	32,942	$	28,390
Diluted earnings per share
Income from Continuing Operations		0.32		0.27	$	0.61	$	0.50
Start-up/transition expenses, net of tax		0.01		0.03		0.02		0.05
International bid and proposal expenses, net of tax		0.00		0.00		0.01		0.00
Diluted pro forma earnings per share	$	0.33	$	0.30	$	0.64	$	0.55
Weighted average common shares outstanding-diluted		51,835		51,837		51,784		51,782

Business Segment Results

The following table presents a summary of GEO’s segment financial results for the second quarter and first half of 2009.

Table 2. Business Segment Results

	13 Weeks Ended		13 Weeks Ended		26 Weeks Ended		26 Weeks Ended
	28-Jun-09		29-Jun-08		28-Jun-09		29-Jun-08
Revenues
U.S. Corrections		192,265		173,708		384,034		342,099
International Services		29,870		34,999		55,549		69,031
GEO Care		27,860		29,824		56,463		60,269
Construction		26,384		31,463		39,394		61,049
	$	276,379	$	269,994	$	535,440	$	532,448
Operating Expenses
U.S. Corrections		140,272		126,544		281,463		252,220
International Services		27,582		31,545		51,063		62,751
GEO Care		24,745		26,522		49,469		53,199
Construction		26,258		31,413		39,189		60,852
	$	218,857	$	216,024	$	421,184	$	429,022
Depreciation & Amortization Expense
U.S. Corrections		8,972		8,360		18,055		16,375
International Services		330		404		663		787
GEO Care		328		521		728		1,032
Construction		—		—		—		—
	$	9,630	$	9,285	$	19,446	$	18,194

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NEWS RELEASE

Table 2. Business Segment Results (Continued)

	13 Weeks Ended			13 Weeks Ended			26 Weeks Ended			26 Weeks Ended
	28-Jun-09			29-Jun-08			28-Jun-09			29-Jun-08
Compensated Mandays
U.S. Corrections		3,562,116			3,277,807			7,124,082			6,469,245
International Services		525,161			525,161			1,050,322			1,050,322
GEO Care		133,359			139,048			266,938			275,821
		4,220,636			3,942,016			8,441,342			7,795,388
Revenue Producing Beds
U.S. Corrections		41,658			37,844			41,658			37,844
International Services		5,771			5,771			5,771			5,771
GEO Care		1,516			1,528			1,516			1,528
		48,945			45,143			48,945			45,143
Average Occupancy
U.S. Corrections		93.8	%		95.9	%		94.1	%		95.9	%
International Services		100.0	%		100.0	%		100.0	%		100.0	%
GEO Care		96.7	%		100.0	%		96.7	%		100.0	%
		94.7	%		96.6	%		94.9	%		96.6	%

Adjusted EBITDA

Second quarter 2009 Adjusted EBITDA increased to $42.3 million from $38.9 million in the second quarter of 2008. For the first half of 2009, Adjusted EBITDA increased to $84.0 million from $73.5 million for the first half of 2008. Please see the section of this press release below entitled “Important Information on GEO’s Non-GAAP Financial Measures” for information on how GEO defines Adjusted EBITDA. The following table presents a reconciliation from Adjusted EBITDA to GAAP Net income for the second quarter and first half of 2009.

Table 3. Reconciliation from Adjusted EBITDA to GAAP Net Income

(In thousands)	13 Weeks Ended			13 Weeks Ended			26 Weeks Ended		26 Weeks Ended
	28-Jun-09			29-Jun-08			28-Jun-09		29-Jun-08
Net income	$	16,511		$	14,199		$	31,216	$	26,606
Interest expense, net		5,555			4,924			11,669		10,656
Income tax provision		9,690			8,663			18,831		15,186
Depreciation and amortization		9,630			9,285			19,446		18,194
EBITDA	$	41,386		$	37,071		$	81,162	$	70,642
Adjustments, pre-tax
Discontinued operations, (income) loss		(33	)		(553	)		562		(1,393	)
Start-up/transition expenses		604			2,328			1,751		3,985
International bid and proposal expenses		373			81			499		312
Adjusted EBITDA	$	42,330		$	38,927		$	83,974	$	73,546

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NEWS RELEASE

Adjusted Free Cash Flow

Adjusted Free Cash Flow for the second quarter of 2009 increased to $22.7 million from $17.4 million for the second quarter of 2008. For the first half of 2009, Adjusted Free Cash Flow increased to $55.3 million from $42.3 million for the first half of 2008. Please see the section of this press release below entitled “Important Information on GEO’s Non-GAAP Financial Measures” for information on how GEO defines Adjusted Free Cash Flow. The following table presents a reconciliation from Adjusted Free Cash Flow to GAAP income from continuing operations for the second quarter and first half of 2009.

Table 4. Reconciliation of Adjusted Free Cash Flow to GAAP Income from Continuing Operations

	13 Weeks Ended			13 Weeks Ended			26 Weeks Ended			26 Weeks Ended
(In thousands)	28-Jun-09			29-Jun-08			28-Jun-09			29-Jun-08
Income from Continuing Operations	$	16,491		$	13,852		$	31,562		$	25,740
Depreciation and Amortization		9,630			9,285			19,446			18,194
Income Tax Provision		9,690			8,663			18,831			15,186
Income Taxes Paid		(13,947	)		(15,378	)		(16,412	)		(18,206	)
Stock Based Compensation		1,206			821			2,381			1,803
Maintenance Capital Expenditures		(1,708	)		(2,481	)		(3,679	)		(5,117	)
Equity in Earnings of Affiliates, Net of Income Tax		(859	)		(611	)		(1,503	)		(1,231	)
Noncontrolling Interest		78			162			119			326
Amortization of Debt Costs and Other Non-Cash Interest		1,151			671			2,304			1,335
Start-up/transition expenses		604			2,328			1,751			3,985
International bid and proposal expenses		373			81			499			312
Adjusted Free Cash Flow	$	22,709		$	17,393		$	55,299		$	42,327

2009 Financial Guidance

GEO has issued financial guidance for the second half of 2009. For the third quarter 2009, GEO expects total revenues to be in the range of $275.0 million to $280.0 million, including approximately $20.0 million in construction revenues, and earnings to be in a range of $0.34 to $0.35 per diluted share, excluding $0.01 per diluted share in after-tax start-up/transition expenses and international proposal costs.

For the fourth quarter 2009, GEO expects total revenues to be in the range of $300.0 million to $305.0 million, including approximately $25.0 million in construction revenues, and earnings to be in a range of $0.36 to $0.37 per diluted share.

GEO’s guidance is based on a number of assumptions related to GEO’s business including the continued operation of GEO’s current contracts at projected occupancy levels and the activation of GEO’s announced projects under development as scheduled. GEO’s guidance does not reflect the potential impact of an extension or refinancing of GEO’s $240.0 million senior revolving credit facility which matures in September 2010.

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Conference Call Information

GEO has scheduled a conference call and simultaneous webcast at 11:00 AM (Eastern Time) today to discuss GEO’s second quarter 2009 financial results as well as its progress and outlook. The call-in number for the U.S. is 1-866-831-6267 and the international call-in number is 1-617-213-8857. The participant pass-code for the conference call is 80643452. In addition, a live audio webcast of the conference call may be accessed on the Conference Calls/Webcasts section of GEO’s investor relations home page at www.geogroup.com. A replay of the audio webcast will be available on the website for one year. A telephonic replay of the conference call will be available until September 3, 2009 at 1-888-286-8010 (U.S.) and 1-617-801-6888 (International). The pass-code for the telephonic replay is 58914179. GEO will discuss Non-GAAP (“Pro Forma”) basis information on the conference call. A reconciliation from Non-GAAP (“Pro Forma”) basis information to GAAP basis results may be found on the Conference Calls/Webcasts section of GEO’s investor relations home page at www.geogroup.com.

About The GEO Group, Inc.

The GEO Group, Inc. (“GEO”) is a world leader in the delivery of correctional, detention, and residential treatment 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, and the United Kingdom. GEO’s worldwide operations include the management and/or ownership of 62 correctional and residential treatment facilities with a total design capacity of approximately 60,000 beds, including projects under development.

Important Information on GEO’s Non-GAAP Financial Measures

Pro forma income from continuing operations, Adjusted EBITDA, and Adjusted Free Cash Flow are non-GAAP financial measures. Pro forma income from continuing operations is defined as income from continuing operations excluding start-up/transition expenses, international bid and proposal expenses, and other items as set forth in Table 1 above. Adjusted EBITDA is defined as EBITDA excluding start-up/transition expenses, international bid and proposal expenses, and other items as set forth in Table 3 above. Adjusted Free Cash Flow is defined as income from continuing operations after giving effect to the items set forth in Table 4 above. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measurements of these items is included above in Tables 1, 3, and 4, respectively. GEO believes that these financial measures are important operating measures that supplement discussion and analysis of GEO’s financial results derived in accordance with GAAP. These non-GAAP financial measures should be read in conjunction with GEO’s consolidated financial statements and related notes included in GEO’s filings with the Securities and Exchange Commission.

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Safe-Harbor Statement

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, including statements regarding estimated earnings, revenues and costs and our ability to maintain growth and strengthen contract relationships. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to: (1) GEO’s ability to meet its financial guidance for 2009 given the various risks to which its business is exposed; (2) GEO’s ability to successfully pursue further growth and continue to enhance shareholder value; (3) GEO’s ability to access the capital markets in the future on satisfactory terms or at all; (4) risks associated with GEO’s ability to control operating costs associated with contract start-ups; (5) GEO’s ability to timely open facilities as planned, profitably manage such facilities and successfully integrate such facilities into GEO’s operations without substantial costs; (6) GEO’s ability to win management contracts for which it has submitted proposals and to retain existing management contracts; (7) GEO’s ability to obtain future financing on acceptable terms; (8) GEO’s ability to sustain company-wide occupancy rates at its facilities; and (9) other factors contained in GEO’s Securities and Exchange Commission filings, including the forms 10-K, 10-Q and 8-K reports.

Second quarter and first half 2009 financial tables to follow:

NEWS RELEASE

THE GEO GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME
FOR THE THIRTEEN AND TWENTY-SIX WEEKS ENDED
JUNE 28, 2009 AND JUNE 29, 2008
(In thousands, except per share data)
(UNAUDITED)

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2009			June 29,2008			June 28, 2009			June 29, 2008
Revenues	$	276,379		$	269,994		$	535,440		$	532,448
Operating expenses		218,857			216,024			421,184			429,022
Depreciation and amortization		9,630			9,285			19,446			18,194
General and administrative expenses		17,015			17,857			34,251			34,881
Operating income		30,877			26,828			60,559			50,351
Interest income		1,206			1,947			2,296			3,702
Interest expense		(6,761	)		(6,871	)		(13,965	)		(14,358	)
Income before income taxes, equity in earnings of affiliate and discontinued operations		25,322			21,904			48,890			39,695
Provision for income taxes		9,690			8,663			18,831			15,186
Equity in earnings of affiliate, net of income tax provision of $334, $300, $584 and $543		859			611			1,503			1,231
Income from continuing operations		16,491			13,852			31,562			25,740
Income (loss) from discontinued operations, net of tax provision (benefit) of $13, $206, $(216) and $527		20			347			(346	)		866
Net income	$	16,511		$	14,199		$	31,216		$	26,606
Weighted-average common shares outstanding:
Basic		50,802			50,506			50,749			50,429
Diluted		51,835			51,837			51,784			51,782
Income per common share:
Basic:
Income from continuing operations	$	0.32		$	0.27		$	0.62		$	0.51
Income from discontinued operations		0.01			0.01			0.00			0.02
Net income per share-basic	$	0.33		$	0.28		$	0.62		$	0.53
Diluted:
Income from continuing operations	$	0.32		$	0.27		$	0.61		$	0.50
Income (loss) from discontinued operations		0.00			0.00			(0.01	)		0.01
Net income per share-diluted	$	0.32		$	0.27		$	0.60		$	0.51

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THE GEO GROUP, INC.
CONSOLIDATED BALANCE SHEETS
JUNE 28, 2009 AND DECEMBER 28, 2008
(In thousands, except share data)

	June 28, 2009		December 28, 2008
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	47,177	$	31,655
Restricted cash		13,313		13,318
Accounts receivable, less allowance for doubtful accounts of $350 and $625		189,530		199,665
Deferred income tax asset, net		17,340		17,340
Other current assets		12,112		12,911
Current assets of discontinued operations		—		7,031
Total current assets		279,472		281,920
Restricted Cash		21,560		19,379
Property and Equipment, Net		940,889		878,616
Assets Held for Sale		4,348		4,348
Direct Finance Lease Receivable		35,093		31,195
Deferred Income Tax Assets, Net		4,417		4,417
Goodwill		22,293		22,202
Intangible Assets, Net		11,910		12,393
Other Non-Current Assets		36,436		33,942
Non-Current Assets of Discontinued Operations		—		209
	$	1,356,418	$	1,288,621
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	65,006	$	56,143
Accrued payroll and related taxes		28,622		27,957
Accrued expenses		91,136		82,442
Current portion of capital lease obligations, long-term debt and non-recourse debt		18,788		17,925
Current liabilities of discontinued operations		—		1,459
Total current liabilities		203,552		185,926
Deferred Income Tax Liability		14		14
Other Non-Current Liabilities		31,692		28,876
Capital Lease Obligations		14,779		15,126
Long-Term Debt		386,486		378,448
Non-Recourse Debt		100,551		100,634
Shareholders’ equity		619,344		579,597
	$	1,356,418	$	1,288,621

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