Correctional Services Corporation and Youth Services International Set Record Dates and Expected Stockholder Meeting Dates

Business Wire, March 5, 1999

SARASOTA, Fla./OWINGS MILLS, Md.--(BUSINESS WIRE)--March 5, 1999--Correctional Services Corporation ("CSC") (Nasdaq/NMS:CSCQ) and Youth Services International, Inc. ("YSI") (Nasdaq/NMS:YSII) announced today that each company will hold a special meeting of shareholders on March 30, 1999, for the purpose of approving the proposed merger between the two companies.

The two companies' Boards of Directors, acting separately, have set Thursday, March 4, 1999, as the record date for the determination of stockholders entitled to vote on the merger. Assuming the requisite approval by both companies' stockholders, the merger is expected to close on March 31, 1999 or shortly thereafter. Details of the time and location of each stockholder meeting will be forthcoming in the proxy materials. We expect to initiate mailing to stockholders later today.

Correctional Services Corporation is a leading developer and manager of privatized correctional and detention facilities in the United States. The Company provides a diverse range of Adult and Juvenile programs and services to local, state, and federal governmental agencies. The Company has 37 contracts to manage facilities in 12 states and Puerto Rico with an aggregate of 9,790 beds.

YSI currently operates 27 residential juvenile justice facilities and conducts non-residential programs in a total of 13 states serving a total of approximately 3,200 youth.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements involving various risks and uncertainties. There can be no assurance that the merger will be consummated. Even if consummated, actual results, including the level of earnings of both CSC and YSI, and the success of the proposed merger, could differ materially from those projected due to factors which may include difficulties in the assimilation of operations, diversification of management's attention from other business concerns, other acquisition risks, population fluctuations, market and industry conditions, government funding and availability of financing. These and other risk factors are outlined in the reports filed by the Company with the Securities and Exchange Commission.