Correctional Properties Trust Announces First Quarter 2004 Earnings Conference Call PALM BEACH GARDENS, Fla., May 4 /PRNewswire-FirstCall/ -- Correctional Properties Trust , a real estate investment trust (REIT), will release its first quarter 2004 financial results on May 4, 2004. The executives of the Company will conduct an open conference call with analysts and shareholders at 2:00 P.M. (ET) on May 4, 2004. To listen to the call live audio, 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. * http://www.firstcallevents.com/service/ajwz403878135gf12.html 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 4, 2004. Dial In Number: 800 - 650 - 8824 Conference ID Number: 438389 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: 709370 The telephone replay of the teleconference will be available 24 hours a day, starting at 7:00 P.M., on May 4, 2004, through May 18, 2004. Contact: Correctional Properties Trust - (561) 630-6336, or Email: http://www.firstcallevents.com/service/ajwz403878135gf12.htmlDATASOURCE: Correctional Properties Trust CONTACT: Correctional Properties Trust, +1-561-630-6336, or

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