CPV Cbs Corp. New Senior Notes

Correctional Properties Trust Announces First Quarter 2005 Earnings Conference Call - May 9, 2005 PALM BEACH GARDENS, Fla., April 12 /PRNewswire-FirstCall/ -- Correctional Properties Trust (NYSE:CPV), a real estate investment trust (REIT), will release its first quarter 2005 financial results on May 9, 2005. The executives of the Company will conduct an open conference call with analysts and shareholders at 2:00 P.M. (ET) on May 9, 2005. To listen to the call live, please go to the following website at least 15 minutes prior to the call to register, download and install any necessary audio software. For those of you unable to listen to the live broadcast, a webcast replay will be available following the call for four weeks at: http://phx.corporate-ir.net/playerlink.zhtml?c=93191&s=wm&e=1051235 Those who would like to participate in the teleconference may do so by calling the following telephone number at 1:45 P.M. (ET), on May 9, 2005: Dial-In Number: (866) 256-9295 Conference ID Number: 686606 Those who wish to listen to a telephone replay of this teleconference may do so by calling: Replay Number: (888) 266-2081 Conference ID Number: 686606 The telephone replay of the teleconference will be available 24 hours a day, starting at 5:30 P.M., on May 9, 2005 through May 16, 2005. Contact: Correctional Properties Trust - (561) 630-6336, or Email: http://phx.corporate-ir.net/playerlink.zhtml?c=93191&s=wm&e=1051235DATASOURCE: Correctional Properties Trust CONTACT: Correctional Properties Trust, +1-561-630-6336, or Web site: http://www.correctionalpropertiestrust.com/

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