CPV Cbs Corp. New Senior Notes

Correctional Properties Trust Announces Second Quarter 2005 Financial Results Teleconference and Webcast - August 8, 2005 PALM BEACH GARDENS, Fla., June 29 /PRNewswire-FirstCall/ -- Correctional Properties Trust (NYSE:CPV), a real estate investment trust (REIT), will release its second quarter 2005 financial results on August 8, 2005. The executives of the Company will conduct an open teleconference and listen-only audio webcast to discuss the financial results and future outlook at 3:00 P.M. (EDT) on August 8, 2005. To listen to the audio webcast live, interested parties may go to the following website at least 15 minutes prior to the event to register, download and install any necessary audio software. For those unable to listen to the live webcast, a replay will be available for one week at: http://phx.corporate-ir.net/playerlink.zhtml?c=93191&s=wm&e=1091744 Interested parties who would like to participate in the teleconference may do so by calling the following telephone number at 2:45 P.M. (EDT), on August 8, 2005: Dial-In Number: 866 - 238 - 0637 Conference ID Number: 733040 Those who wish to listen to a telephone replay may do so by calling: Replay Number: 888 - 266 - 2081 Conference ID Number: 733040 The telephone replay will be available 24 hours a day, starting at 6:30 P.M., on August 8, 2005 through August 15, 2005. Contact: Correctional Properties Trust - (561) 630-6336, or Email: http://phx.corporate-ir.net/playerlink.zhtml?c=93191&s=wm&e=1091744DATASOURCE: Correctional Properties Trust CONTACT: Correctional Properties Trust Shareholder Services, +1-561-630-6336, or Web site: http://www.correctionalpropertiestrust.com/

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