HOUSTON, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) today announced that Cathryn L. Porter has been named as General Counsel effective January 5, 2009. James E. Hyman, Cornell's chairman, president and chief executive officer, stated, "We are delighted to have Cathy join the Company in this critical role. She has exactly the background and leadership experience to support the Company in the next stage of our growth plan."
Before joining Cornell, Porter was most recently Of Counsel with the law firm Thompson & Knight LLP in Houston, Texas since 2006. Porter also worked as an associate, and then partner, in the law firm of Brown, Parker & Leahy (merged into Thompson & Knight LLP) from 1982 through 1991. From 2004 through 2006, Porter was General Counsel and Corporate Secretary of Nevada Gold & Casinos, Inc. Between 1991 and 2001, Porter was general counsel for Pacific Southwest Bank, and then general counsel and corporate secretary for the bank's holding company, Pacific USA Holdings Corp.
Porter holds a Bachelor of Science degree in criminology and corrections from Sam Houston State University and a Doctor of Jurisprudence from the University of Houston Law Center.
Forward-Looking Statements
The statements made herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, statements involving the Company's future earnings, as well as any other statements that are not historical facts. Such statements are subject to numerous risks, uncertainties and assumptions including but not limited to Cornell's ability to perform according to its current expectations, changes in supply and demand, actions by governmental agencies and other third parties, access to capital and other factors detailed in the company's most recent Form 10-K and other filings with the Securities and Exchange Commission, which are available free of charge on the SEC's website at http://www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Each forward looking-statement speaks only as of the date of the particular statement, and we undertake no obligation to update or revise any forward looking-statement, whether as a result of new information, future events or otherwise. Information in the press release is subject to adjustment resulting from further review and the obtainment of additional information that may impact our consolidated financial statements.
About Cornell Companies
Cornell Companies, Inc. (http://www.cornellcompanies.com) is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration and detention, transition from incarceration, drug and alcohol treatment programs, behavioral rehabilitation and treatment, and grades 3-12 alternative education in an environment of dignity and respect, emphasizing community safety and rehabilitation in support of public policy. The company currently has 70 facilities in 15 states and the District of Columbia and a total service capacity of 20,141.
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