Correctional Services Corp · 10-Q · For 3/31/01 · EX-99.77

Filed On 5/15/01 3:45pm ET   ·   SEC File 0-23038   ·   Accession Number 1072613-1-500562

Quarterly Report   ·   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report for Period Ended 3/31/2001           13     75K 
 2: EX-99.77    Press Release Dated May 7, 2001, 9:22 A.M.             1      8K 
 3: EX-99.78    Press Release Dated May 7, 2001, 9:23 A.M.             1      8K 

EX-99.77   ·   Press Release Dated May 7, 2001, 9:22 A.M.

                                                                   EXHIBIT 99.77
                                                                   -------------

          NEWS
FOR IMMEDIATE RELEASE                                                   
                      COMPANY CONTACT:
                       JAMES F. SLATTERY
                     CEO & PRESIDENT
                    (941) 953-9199

MAY 7, 2001                                                             

 CORRECTIONAL SERVICES CORPORATION
 ANNOUNCES CHIEF FINANCIAL OFFICER'S RESIGNATION

Sarasota, Florida -- Correctional Services Corporation (NASDAQ NMS:CSCQ)
today announced Ira Cotler has resigned as Executive Vice President and 
   Chief Financial Officer to begin an investment banking/consulting firm. Mr.
Cotler has been with the company since February 1996, having previously 
  served as the company's investment banker. Mr. Cotler will continue in his
  role as Executive Vice President until July 1, 2001 at which time, through
 his new firm, he will begin providing consulting services to the company.

    Commenting on his decision Mr. Cotler stated " I have had a great eight year
   association with the company as its investment banker then as its Executive
 Vice President and Chief Financial Officer. I am very thankful to CSC for
    the opportunity it afforded me, however, the time has arrived for me to take
the next step in my career."                                            

"Ira has made a significant contribution to the Company's evolution,    
  particularly relating to our capital raising strategies, mergers and asset
sales" stated James F. Slattery CEO and President. "I understand his    
    decision to pursue this new challenge. I am pleased that the company will be
able to maintain a working relationship with him"                       

Through its Youth Services International subsidiary, the Company is the 
nation's leading private provider of juvenile programs for adjudicated  
    youths with 31 facilities and over 4,200 juveniles in its care. In addition,
Correctional Services Corporation is a leading developer and operator of
adult correctional facilities operating 13 facilities representing      
    approximately 4,700 beds. On a combined basis, the company provides services
in 18 states and Puerto Rico, representing approximately 9,000 beds     
including aftercare services.                                           

Dates Referenced Herein   and   Documents Incorporated By Reference

This 10-Q Filing		Date		Other Filings
For The Period Ended		3/31/01
		5/7/01		3
Filed On / Filed As Of		5/15/01
		7/1/01
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