Corrections Corporation of America Announces Proposed Offering of Senior Notes

NASHVILLE, TN, May 19 (MARKET WIRE) --
Corrections Corporation of America (NYSE: CXW) (the "Company" or "CCA"),
today announced that it intends to make a public offering of $300.0
million of its new Senior Notes due 2017 (the "New Notes"). The New Notes
will be sold under a new automatically effective shelf registration
statement filed by the Company with the Securities and Exchange
Commission. The exact timing and terms of the offering are subject to
market conditions and other factors. J.P. Morgan Securities Inc., Banc of
America Securities LLC and Wachovia Capital Markets, LLC will act as
joint book-running managers for the offering.

The Company intends to use its net proceeds from the sale of the New Notes
to purchase, redeem or otherwise acquire certain of the Company's
outstanding 7 1/2% Senior Notes due 2011.

A registration statement relating to the New Notes has been filed with the
Securities and Exchange Commission. This communication shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any state. When available,
copies of the applicable prospectus and preliminary prospectus supplement
relating to the offering may be obtained by contacting J.P. Morgan
Securities Inc., 270 Park Avenue, Floor 5, New York, New York 10017, or
by calling (212) 270-1477.

About CCA

CCA is the nation's largest owner and operator of privatized correctional
and detention facilities and one of the largest prison operators in the
United States, behind only the federal government and three states. We
currently operate 64 facilities, including 44 company-owned facilities,
with a total design capacity of approximately 86,000 beds in 19 states and
the District of Columbia. We specialize in owning, operating and managing
prisons and other correctional facilities and providing inmate residential
and prisoner transportation services for governmental agencies. In
addition to providing the fundamental residential services relating to
inmates, our facilities offer a variety of rehabilitation and educational
programs, including basic education, religious services, life skills and
employment training and substance abuse treatment. These services are
intended to reduce recidivism and to prepare inmates for their successful
re-entry into society upon their release. We also provide health care
(including medical, dental and psychiatric services), food services and
work and recreational programs.

Forward-Looking Statements

This press release contains statements as to our beliefs and expectations
of the outcome of future events that are forward-looking statements as
defined within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
the statements made. These include, but are not limited to, the risks and
uncertainties associated with: (i) general economic and market conditions,
including the impact governmental budgets can have on our per diem rates
and occupancy; (ii) fluctuations in our operating results because of,
among other things, changes in occupancy levels, competition, increases
in cost of operations, fluctuations in interest rates and risks of
operations; (iii) our ability to obtain and maintain correctional
facility management contracts, including as a result of sufficient
governmental appropriations and as a result of inmate disturbances; (iv)
changes in the privatization of the corrections and detention industry,
the public acceptance of our services, the timing of the opening of and
demand for new prison facilities and the commencement of new management
contracts; (v) risks associated with judicial challenges regarding the
transfer of California inmates to out of state private correctional
facilities; and (vi) increases in costs to construct or expand
correctional facilities that exceed original estimates, or the inability
to complete such projects on schedule as a result of various factors,
many of which are beyond our control, such as weather, labor conditions
and material shortages, resulting in increased construction costs. Other
factors that could cause operating and financial results to differ are
described in the filings made from time to time by us with the Securities
and Exchange Commission.

Contact:

Investors and Analysts:
Karin Demler
CCA
(615) 263-3005

Financial Media:
David Gutierrez
Dresner Corporate Services
(312) 780-7204

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