Exhibit 99.1

		NEWS RELEASE

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

CR-09-33

THE GEO GROUP REPORTS THIRD QUARTER 2009 RESULTS

•		3Q GAAP Earnings Increased 24% to $19.3 Million — $0.37 EPS
•		3Q Pro-Forma Earnings Increased 15% to $19.9 Million — $0.38 EPS
•		Confirms 4Q Pro Forma EPS Guidance — $0.38 to $0.39 and Increases full-year pro forma EPS Guidance — $1.40 to $1.41

Boca Raton, Fla. – November 2, 2009 — The GEO Group (NYSE: GEO) (“GEO”) today reported third quarter 2009 financial results. GEO reported third quarter 2009 GAAP income from continuing operations of $19.3 million, or $0.37 per diluted share, compared to $15.5 million, or $0.30 per diluted share, in the third quarter of 2008. Third quarter 2009 pro forma income from continuing operations increased to $19.9 million, or $0.38 per diluted share, from pro forma income from continuing operations of $17.3 million, or $0.33 per diluted share, in the third quarter of 2008.

For the first nine months of 2009, GEO reported GAAP income from continuing operations of $50.8 million, or $0.98 per diluted share, compared to $41.2 million, or $0.80 per diluted share, for the first nine months of 2008. Pro forma income from continuing operations for the first nine months of 2009 increased to $52.8 million, or $1.02 per diluted share, from pro forma income from continuing operations of $45.7 million, or $0.88 per diluted share, for the first nine months of 2008.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said: “Our strong third quarter earnings results and confirmed outlook for the fourth quarter continue to be driven by sound operational and financial results through our diversified business units. Our already strong balance sheet has been further strengthened by our recent refinancing transactions, and we are now well positioned to take advantage of the robust demand for correctional, detention, and residential treatment beds in our core market segments.”

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 third quarter and first nine months 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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Contact:		Pablo E. Paez Director, Corporate Relations		(866) 301 4436

NEWS RELEASE

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

		13 Weeks Ended				13 Weeks Ended				39 Weeks Ended				39 Weeks Ended
(In thousands except per share data)		27-Sep-09				28-Sep-08				27-Sep-09				28-Sep-08
Income from continuing operations		$	19,258			$	15,497			$	50,820			$	41,237
Start-up/transition expenses, net of tax			634				1,769				1,708				4,224
International bid and proposal expenses, net of tax			—				51				306				246
Pro forma income from continuing operations		$	19,892			$	17,317			$	52,834			$	45,707
Diluted earnings per share
Income from Continuing Operations		$	0.37			$	0.30			$	0.98			$	0.80
Start-up/transition expenses, net of tax			0.01				0.03				0.03				0.08
International bid and proposal expenses, net of tax			—				—				0.01				—
Diluted pro forma earnings per share		$	0.38			$	0.33			$	1.02			$	0.88
Weighted average common shares outstanding-diluted			51,950				51,803				51,847				51,820

Business Segment Results

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

		13 Weeks Ended				13 Weeks Ended				39 Weeks Ended				39 Weeks Ended
		27-Sep-09				28-Sep-08				27-Sep-09				28-Sep-08
Revenues
U.S. Corrections		$	192,606			$	177,930			$	576,640			$	520,029
International Services			36,668				33,896				92,217				102,927
GEO Care			27,722				28,794				84,185				89,063
Construction			37,869				13,485				77,263				74,534
		$	294,865			$	254,105			$	830,305			$	786,553
Operating Expenses
U.S. Corrections		$	137,397			$	129,645			$	418,861			$	381,863
International Services			34,477				31,058				85,539				93,809
GEO Care			24,635				25,180				74,104				78,380
Construction			37,899				13,369				77,088				74,222
		$	234,408			$	199,252			$	655,592			$	628,274
Depreciation & Amortization Expense
U.S. Corrections		$	8,899			$	8,542			$	26,955			$	24,918
International Services			376				415				1,039				1,201
GEO Care			341				372				1,068				1,404
Construction			—				—				—				—
		$	9,616			$	9,329			$	29,062			$	27,523

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Contact:		Pablo E. Paez Director, Corporate Relations		(866) 301 4436

NEWS RELEASE

Table 2. Business Segment Results (Continued)

		13 Weeks Ended				13 Weeks Ended				39 Weeks Ended				39 Weeks Ended
		27-Sep-09				28-Sep-08				27-Sep-09				28-Sep-08
Compensated Mandays
U.S. Corrections			3,584,062				3,325,492				10,708,144				9,794,737
International Services			548,821				525,161				1,599,143				1,575,482
GEO Care			133,094				133,048				400,032				408,869
			4,265,977				3,983,701				12,707,319				11,779,088
Revenue Producing Beds
U.S. Corrections			42,088				39,599				42,088				39,599
International Services			6,031				5,771				6,031				5,771
GEO Care			1,516				1,528				1,516				1,528
			49,635				46,898				49,635				46,898
Average Occupancy
U.S. Corrections			93.6	%			96.0	%			94.0	%			95.9	%
International Services			100.0	%			100.0	%			100.0	%			100.0	%
GEO Care			96.5	%			100.0	%			96.7	%			100.0	%
			94.5	%			96.6	%			94.8	%			96.6	%

Adjusted EBITDA

Third quarter 2009 Adjusted EBITDA increased to $46.7 million from $41.3 million in the third quarter of 2008. For the first nine months of 2009, Adjusted EBITDA increased to $130.7 million from $114.8 million for the first nine months 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 third quarter and first nine months of 2009.

Table 3. Reconciliation from Adjusted EBITDA to GAAP Net Income

		13 Weeks Ended				13 Weeks Ended				39 Weeks Ended				39 Weeks Ended
(In thousands)		27-Sep-09				28-Sep-08				27-Sep-09				28-Sep-08
Net income		$	19,258			$	15,859			$	50,474			$	42,465
Interest expense, net			5,309				5,431				16,978				16,087
Income tax provision			11,493				8,430				30,324				23,616
Depreciation and amortization			9,616				9,329				29,062				27,523
EBITDA		$	45,676			$	39,049			$	126,838			$	109,691
Adjustments, pre-tax
Discontinued operations, (income) loss			—				(710	)			562				(2,103	)
Start-up/transition expenses			1,034				2,844				2,785				6,829
International bid and proposal expenses			—				82				499				394
Adjusted EBITDA		$	46,710			$	41,265			$	130,684			$	114,811

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Contact:		Pablo E. Paez Director, Corporate Relations		(866) 301 4436

NEWS RELEASE

Adjusted Free Cash Flow

Adjusted Free Cash Flow for the third quarter of 2009 increased to $32.1 million from $25.3 million for the third quarter of 2008. For the first nine months of 2009, Adjusted Free Cash Flow increased to $87.3 million from $67.2 million for the first nine months 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 third quarter and first nine months of 2009.

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

		13 Weeks Ended				13 Weeks Ended				39 Weeks Ended				39 Weeks Ended
(In thousands)		27-Sep-09				28-Sep-08				27-Sep-09				28-Sep-08
Income from Continuing Operations		$	19,258			$	15,497			$	50,820			$	41,237
Depreciation and Amortization			9,616				9,329				29,062				27,523
Income Tax Provision			11,493				8,430				30,324				23,616
Income Taxes Paid			(7,551	)			(7,850	)			(23,963	)			(26,056	)
Stock Based Compensation			976				1,103				3,357				2,906
Maintenance Capital Expenditures			(3,000	)			(4,051	)			(6,679	)			(9,272	)
Equity in Earnings of Affiliates, Net of Income Tax			(904	)			(778	)			(2,407	)			(2,009	)
Amortization of Debt Costs and Other Non-Cash Interest			1,167				720				3,471				2,055
Start-up/transition expenses			1,034				2,844				2,785				6,829
International bid and proposal expenses			—				82				499				394
Adjusted Free Cash Flow		$	32,089			$	25,326			$	87,269			$	67,223

Financial Guidance

GEO confirmed its financial guidance for the fourth quarter 2009. For the fourth quarter 2009, GEO expects total revenues to be in the range of $313 million to $318 million, including approximately $25 million in construction revenues, and earnings to be in a range of $0.38 to $0.39 per diluted share, excluding $0.08 per diluted share in a one-time, after-tax charge related to the early extinguishment of debt associated with the redemption of GEO’s $150 million, 8¹/4% senior unsecured notes due 2013 as well as $0.03 per diluted share in after-tax start-up/transition expenses.

For the full-year 2009, GEO expects total revenues to be in the range of $1.143 billion to $1.148 billion, including approximately $102 million in construction revenues, and GEO increased its earnings guidance to a pro forma range of $1.40 to $1.41 per diluted share, excluding $0.08 per diluted share in a one-time, after-tax charge related to the early extinguishment of debt associated with the redemption of GEO’s $150 million, 8¹/4% senior unsecured notes due 2013 as well as $0.07 per diluted share in after-tax start-up/transition expenses and international bid and proposal costs.

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.

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Contact:		Pablo E. Paez Director, Corporate Relations		(866) 301 4436

NEWS RELEASE

Conference Call Information

GEO has scheduled a conference call and simultaneous webcast at 11:00 AM (Eastern Time) today to discuss GEO’s third quarter 2009 financial results as well as its progress and outlook. The call-in number for the U.S. is 1-866-804-6925 and the international call-in number is 1-857-350-1671. The participant pass-code for the conference call is 50426075. 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 December 2, 2009 at 1-888-286-8010 (U.S.) and 1-617-801-6888 (International). The pass-code for the telephonic replay is 52882628. 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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Contact:		Pablo E. Paez		(866) 301 4436
		Director, Corporate Relations

NEWS RELEASE

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.

Third quarter and first nine months 2009 financial tables to follow:

Contact:		Pablo E. Paez		(866) 301 4436
		Director, Corporate Relations

NEWS RELEASE

THE GEO GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME
FOR THE THIRTEEN AND THIRTY-NINE WEEKS ENDED
SEPTEMBER 27, 2009 AND SEPTEMBER 28, 2008
(In thousands, except per share data)
(UNAUDITED)

		Thirteen Weeks Ended								Thirty-nine Weeks Ended
		September 27, 2009				September 28, 2008				September 27, 2009				September 28, 2008
Revenues		$	294,865			$	254,105			$	830,305			$	786,553
Operating expenses			234,408				199,252				655,592				628,274
Depreciation and amortization			9,616				9,329				29,062				27,523
General and administrative expenses			15,685				16,944				49,936				51,825
Operating income			35,156				28,580				95,715				78,931
Interest income			1,224				1,878				3,520				5,580
Interest expense			(6,533	)			(7,309	)			(20,498	)			(21,667	)
Income before income taxes, equity in earnings of affiliate and discontinued operations			29,847				23,149				78,737				62,844
Provision for income taxes			11,493				8,430				30,324				23,616
Equity in earnings of affiliate, net of income tax provision of $352, $276, $936 and $819			904				778				2,407				2,009
Income from continuing operations			19,258				15,497				50,820				41,237
Income (loss) from discontinued operations, net of tax provision (benefit) of $0, $348, $(216) and $875			—				362				(346	)			1,228
Net income		$	19,258			$	15,859			$	50,474			$	42,465
Weighted-average common shares outstanding:
Basic			50,900				50,626				50,800				50,495
Diluted			51,950				51,803				51,847				51,820
Income per common share:
Basic:
Income from continuing operations		$	0.38			$	0.31			$	1.00			$	0.82
Income from discontinued operations			—				—				(0.01	)			0.02
Net income per share-basic		$	0.38			$	0.31			$	0.99			$	0.84
Diluted:
Income from continuing operations		$	0.37			$	0.30			$	0.98			$	0.80
Income (loss) from discontinued operations			—				0.01				(0.01	)			0.02
Net income per share-diluted		$	0.37			$	0.31			$	0.97			$	0.82

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Contact:		Pablo E. Paez		(866) 301 4436
		Director, Corporate Relations

NEWS RELEASE

THE GEO GROUP, INC.
CONSOLIDATED BALANCE SHEETS
SEPTEMBER 27, 2009 AND DECEMBER 28, 2008
(In thousands, except share data)

		September 27, 2009				December 28, 2008
		(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents		$	24,299			$	31,655
Restricted cash			13,219				13,318
Accounts receivable, less allowance for doubtful accounts of $549 and $625			224,638				199,665
Deferred income tax asset, net			17,340				17,340
Other current assets			13,347				12,911
Current assets of discontinued operations			—				7,031
Total current assets			292,843				281,920
Restricted Cash			21,821				19,379
Property and Equipment, Net			969,218				878,616
Assets Held for Sale			4,348				4,348
Direct Finance Lease Receivable			36,822				31,195
Deferred Income Tax Assets, Net			4,417				4,417
Goodwill			22,339				22,202
Intangible Assets, Net			11,596				12,393
Other Non-Current Assets			37,688				33,942
Non-Current Assets of Discontinued Operations			—				209
		$	1,401,092			$	1,288,621
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable		$	65,338			$	56,143
Accrued payroll and related taxes			22,934				27,957
Accrued expenses			92,887				82,442
Current portion of capital lease obligations, long-term debt and non-recourse debt			19,186				17,925
Current liabilities of discontinued operations			—				1,459
Total current liabilities			200,345				185,926
Deferred Income Tax Liability			14				14
Other Non-Current Liabilities			33,155				28,876
Capital Lease Obligations			14,601				15,126
Long-Term Debt			408,579				378,448
Non-Recourse Debt			102,415				100,634
Total shareholders’ equity			641,983				579,597
		$	1,401,092			$	1,288,621

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Contact:		Pablo E. Paez		(866) 301 4436
		Director, Corporate Relations