CPV Cbs Corp. New Senior Notes

Correctional Properties Trust to Present at Smith Barney Citigroup 2004 REIT CEO Conference PALM BEACH GARDENS, Fla., March 1 /PRNewswire-FirstCall/ -- Correctional Properties Trust , a real estate investment trust (REIT), today announced that Charles R. Jones, President and CEO, will provide a general overview of Correctional Properties Trust to be followed by a question and answer session at the Smith Barney Citigroup 2004 REIT CEO Conference on Wednesday, March 3, 2004, from 8:00 A.M. to 8:45 A.M (ET). A live conference call of the presentation can be accessed in a listen- only mode by dialing (210) 839-8683, at least 5 minutes before the scheduled presentation time. The pass code will be "REIT 1." Correctional Properties Trust, based in Palm Beach Gardens, Florida, was formed in February 1998, to capitalize on the growing trend toward privatization in the corrections industry. Correctional Properties Trust is dedicated to ownership of correctional facilities under long-term, triple-netleases, which minimizes occupancy risk and development risk. Correctional Properties Trust currently owns 14 correctional facilities in ten states, all of which are leased, with an aggregate initial design capacity of 8,008 beds. This press release contains forward-looking statements regarding future events and future performance of the Company that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements andrisk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings. For a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained inthis press release, refer to documents that the Company files from time to time with the Securities and Exchange Commission. Such filings include, without limitation, the Company's Form 10-K, Forms 10-Q, Registration Statements on Form S-11 and S-3, and Form 8-K CONTACT: Correctional Properties Trust Shareholder Services (561) 630-6336, or access Company information at http://www.correctionalpropertiestrust.com/ Website: http://www.CorrectionalPropertiesTrust.com DATASOURCE: Correctional Properties Trust CONTACT: Correctional Properties Trust Shareholder Services, +1-561-630-6336

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