EXHIBIT 99.1


Press Release                         Source: Wackenhut Corrections Corporation

WACKENHUT CORRECTIONS CORPORATION ANNOUNCES COMPLETION OF NEW FINANCING
                          Wednesday July 9, 3:33 pm ET



BOCA RATON, Fla., July 9 /PRNewswire-FirstCall/ -- Wackenhut Corrections
Corporation (NYSE: WHC - News; "WCC") announced today that it has completed the
sale of $150 million in aggregate principal amount of ten-year, 81/4% senior
unsecured notes in a private offering to qualified institutional buyers under
Rule 144A of the Securities Act and to persons outside the United States
pursuant to Regulation S and the amendment of its senior secured credit
facility, consisting of a $100 million 6-year term loan ("Term Loan B") and a
$50 million 5-year revolver ("Revolver"). The interest rate for the Term Loan B
and the Revolver is LIBOR plus 3%.

o    (Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010614/WCCLOGO)

The notes have not been registered under the securities laws of the United
States and may not be offered or sold in the United States except to qualified
institutional buyers. WCC has used the net proceeds from the offering, together
with approximately $100 million of borrowings under its amended senior secured
credit facility and approximately $16 million in cash-on-hand, to repurchase 12
million shares of its common stock from Group 4 Falck A/S, its former 57%
shareholder, and to refinance amounts outstanding under its previous senior
secured credit facility.

This press release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities law of any such jurisdiction.


--------------------------
Source: Wackenhut Corrections Corporation