Profile: Avalon Correctional Services Inc (CITY.PK)

CITY.PK on OTC Markets Group

3.30USD
22 Oct 2014
Change (% chg)

-- (--)
Prev Close
$3.30
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
0
52-wk High
$168,000.00
52-wk Low
$48,000.00

Search Stocks

Avalon Correctional Services, Inc. (Avalon), incorporated in 1990, is an owner and operator of private community correctional services, drug and alcohol treatment services, and select non-correctional services. Avalon specializes in privatized community correctional facilities and correctional programming. As of December 31, 2011, Avalon owned and/or operated facilities in Oklahoma, Texas and Wyoming. The Company owns a 556- bed community corrections facility in Oklahoma City, Oklahoma; a 390-bed community corrections facility in Tulsa, Oklahoma; a 289-bed community corrections facility in Tulsa, Oklahoma; a 400 bed community corrections facility in Del Valle, Texas; a 100-bed residential facility on leased land in Del Valle, Texas; and a 102-bed community corrections facility in Cheyenne, Wyoming. Avalon also operates a 225-bed community corrections facility leased in Ft. Worth, Texas; a 238-bed community corrections facility leased in Dallas, Texas; a 200-bed community corrections facility leased in El Paso, Texas; and a 324-bed community corrections facility leased in El Paso, Texas.

The Company contracts with various governmental agencies to provide correctional services. The contracts generally specify for the Company to provide correctional services, including residential services and programming in the Company's facilities (Residential Services). Compensation paid to the Company for Residential Services is generally based on a per person, per day basis. As of December 31, 2011, the Company's Residential Services contracts with the Oklahoma Department of Corrections extend through June 30, 2012. The Company has Residential Services contracts and Halfway House Services Contracts with the Texas Department of Criminal Justice, Parole Department, to provide correctional services in Austin, Ft. Worth, Dallas, and El Paso, Texas through August 2012. As of December 31, 2011, the Company’s contract with the Wyoming Department of Corrections, through the Laramie County Community Corrections Board, extends through June 30, 2012.

Company Address

Avalon Correctional Services Inc

13401 Railway Drive
OKLAHOMA CITY   OK   73114-2272
P: +1405.7528802
F: +1405.7528852

Company Web Links

Search Stocks