Palm Beach Gardens, Florida, April 16, 1997 -- The Wackenhut Corporation (NYSE: WAK/WAKB) today announced that it has signed an agreement to acquire The Jim King Companies, Jacksonville, FL, for approximately $11.5 million in Wackenhut series B (non-voting) common stock and cash. In combination with the employee leasing business which Wackenhut established in 1996, this acquisition will form the basis for Wackenhut’s aggressive expansion into corporate human resources outsourcing.

The Jim King Companies was founded in Jacksonville in 1969 as a recruiting firm. Its $70 million in current annualized revenue is almost evenly divided between temporary employment and employee leasing. The company also has a small recruiting subsidiary.

The firm is owned by Jim King, who is majority leader of the Florida House of Representatives, and Ralph Stevenson of Islamorada, FL. The acquisition is expected to close within 30 days.

"The Jim King Companies strengthens our employee leasing business, especially in Florida where we have experienced strong growth in its first full quarter of operation," said Richard R. Wackenhut, president and chief operating officer. "It also gives us the added dimension of temporary employment, which promises to be a very profitable component of our human resources outsourcing business.

"I expect this business area to account for about 10 percent of the corporation’s 1997 revenue which is expected to exceed $1 billion," said Mr. Wackenhut. "We are combining the human resources expertise of The King Companies with the business resources, financial strength and national reputation of Wackenhut; this is a combination that will provide a strong foundation as we aggressively expand into new outsourcing markets.

"Wackenhut recognizes the value of the Jim King Companies’ name built by the dedication and hard work of King management and employees," Mr. Wackenhut continued. "We intend to keep that team intact at its present Jacksonville location." Paula E. Whipple will continue as chief executive officer and Barbara Schneider as vice president of operations.

"I’m confident that this is the best way for the King Companies to grow. Our management and employees will share in the success of a large international organization able to keep pace in the rapidly expanding human resource outsourcing markets," said Jim King. "Of course, I’m very pleased with Wackenhut’s recognition of the excellence of the King team and the intention to preserve the organization that we have worked so hard to build."

The Wackenhut Corporation is a worldwide provider of security-related and diversified services to business, industry and government agencies. With operations throughout the United States and 50 other countries on six continents, it is a leader in the privatization of public services for municipal, state and federal agencies, and also serves a wide range of industrial and commercial customers.

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. Investors should refer to documents that the company files from time to time with the Securities and Exchange Commission for a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release. Such filings include, without limitation, the Company’s Form 10-K, Form 10-Q and Form 8-K reports.

Palm Beach Gardens, Florida, April 14, 1997 -- The Wackenhut Corporation (NYSE: WAK, WAKB) announced that its Wackenhut Training Institute has successfully completed an American Council on Education course evaluation. College faculty members visited the Wackenhut Training Institute as representatives of the American Council on Education Program On Non-collegiate Sponsored Instruction (ACE/PONSI), and after a thorough review of its courses, determined that Wackenhut meets post-secondary standards. As a result, the ACE has made college credit recommendations accordingly.

"This is recognition of the quality and sophistication of our employee training which helps insure Wackenhut’s leadership position in the security industry," said Dr. Michael Goodboe, vice president, Wackenhut Training Institute. The institute provides training opportunities for corporate and client employees, as well as seminars on security related topics for major government and commercial clients. It is widely recognized as providing the best in security training. Wackenhut Training Institite is currently training the in-house security force at The Smithsonian Institution. It is also accredited by the University of Maryland to award continuing education units (CEU’s) and continuing professional education (CPE) units.

"With business and industry concerned about their place in the global market and with the knowledge that superior training increases productivity, more organizations are turning to ACE/PONSI to assure the quality of their training," said Jo Ann Robinson, ACE/PONSI’s deputy director.

In the 23 year history of the evaluation program, ACE/PONSI has saved employers millions of dollars in tuition reimbursement costs and has helped tens of thousands of their employees earn a college degree. Colleges and universities have also been well served by ACE/PONSI, because qualified adults from the workforce are continuing or completing their college education in record numbers. According to a recent U.S. Department of Education Study, more than 40 percent of American adults take part in some type of adult learning activity each year--the vast majority for work-related reasons or because they want to earn an academic credential.

The Wackenhut Corporation is a worldwide provider of security-related and other diversified services to business, industrial and government clients. With operations throughout the United States and 50 other countries on six continents, it is a leader in the privatization of public services for municipal, state and federal agencies, and provides personnel outsourcing for a wide range of industrial and commercial customers.

Palm Beach Gardens, Florida, February 12, 1997 -- The Wackenhut Corporation (NYSE: WAK, WAKB) today reported 1996 net income increased 25 percent on a 14 percent increase in revenues. Net income was $9.1 million, up from $7.3 million in 1995. Revenues increased to $906.1 million from $796.7 million. Net income per share was 66 cents in the period, up from 60 cents in 1995. The average number of shares outstanding increased in 1996 to 13.6 million from 12.1 million.

For the fourth quarter, Wackenhut reported a 60 percent increase in net income to $3.2 million from $2.0 million in the fourth quarter of 1995. With a 21 percent increase in the average number of shares outstanding in the fourth quarter to 14.7 million, net income per share was 22 cents, up from 16 cents in the 1995 period. Revenues increased 11 percent to $233.8 million from $209.9 million in the fourth quarter of 1995.

“Our dramatic gain in earnings last year resulted primarily from growth in our North American Operations Group and Wackenhut Corrections (NYSE: WHC) subsidiary and improvements in our capital structure,” said Richard R. Wackenhut, president and chief operating officer. “I’m confident that the growth will continue, and our goal is to increase net income by more than 20 percent in 1997.”

For the year, revenues for the North American Operations Group increased 14 percent to $659.5 million, mainly from growth in the core Security Services Division and the Food Services Division. International Operations Group sales declined by $5.4 million to $104.5 million due principally to the deconsolidation of the company’s Chilean operation, which was reduced below 50% in the fourth quarter of 1995. Revenues for Wackenhut Corrections, a 55 percent owned, publicly-traded subsidiary, increased 39 percent to $137.8 million. During the year, Wackenhut Corrections’ revenue-producing beds in operation increased from 8,000 to over 12,000.

The loss in International was primarily due to investments in the company’s Australian security operation. However, the company continues to see a growing market for public and private security services there.

“This year we expect Wackenhut’s revenues to exceed $1 billion,” noted George R. Wackenhut, chairman and chief executive officer. “Our consistent revenue growth is based on the success of our diversification efforts as we find new opportunities to take advantage of our human resources management expertise.”

The Wackenhut Corporation is a worldwide provider of security-related and diversified services to business, industry and government agencies. With operations throughout the United States and 50 other countries on six continents, it is a leader in the privatization of public services for municipal, state and federal agencies, and also serves a wide range of industrial and commercial customers.

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. Investors should refer to documents that the company files from time to time with the Securities and Exchange Commission for a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release. Such filings include, without limitation, the Company’s Form 10-K, Form 10-Q and Form 8-K reports.

Financial results can be obtained by downloading this file by selecting the option above.

WACKENHUT ANNOUNCES SR. V-P FOR NEW SUBSIDIARY

Palm Beach Gardens, Florida, January 3, 1997 -- The Wackenhut Corporation (NYSE: WAK/WAKB) today announced the appointment of Carl Lombardo as senior vice president, marketing and sales of Oasis Outsourcing, Inc., a new subsidiary which provides personnel management services to business, industrial and professional organizations.

Mr. Lombardo is presently operating out of the Denver, Colorado office of Oasis Outsourcing located at 1125 17th Street, Denver, Colorado 80202.

Richard R. Wackenhut, president and chief operating officer of The Wackenhut Corporation, said, “The addition of Carl Lombardo to our management staff and his assignment to lead our business development efforts in the Denver area is an important step forward in our plans to offer PEO services on a nationwide basis. His knowledge of the market and sales experience will help Oasis Outsourcing realize its full potential in this dynamic and expanding industry.”

Previously, Mr. Lombardo was vice president of sales and marketing for Synadyne, a division of Outsource International. He was also sales manager for National Business Solutions, now Paychex Business Solutions, a professional employer organization (PEO) based in St. Petersburg, Fla., and has been involved in the professional employer industry since 1990. He has a bachelor of science degree in finance from Florida State University.

Mr. Lombardo is a member of the National Association of Professional Employer Organizations (NAPEO) and has been active in the Boca Raton Chamber of Commerce and other business and professional organizations in South Florida.

Oasis Outsourcing is the professional employer organization (PEO) of The Wackenhut Corporation. The parent company was founded in 1954 as a security and investigative company and has successfully diversified to provide a broad range of services to business, professional and government clients worldwide.

As co-employer of a small or medium size workforce, a PEO is responsible for personnel functions such as payroll, benefits, taxes and insurance. Besides reducing the administrative burden of the employer, a PEO can lower costs and improve employee benefit programs by pooling the resources of separate companies. Oasis, founded in 1996, has offices in Florida and Colorado.

Palm Beach Gardens, Florida, December 9, 1996 -- The Wackenhut Corporation (NYSE - WAK/WAKB) today announced the appointment of Daniel S. McHenry as president of Oasis Outsourcing, Inc., a new subsidiary which provides personnel management services to business, industrial and professional organizations.

Previously, Mr. McHenry was the chief financial officer and a founder of National Business Solutions, now Paychex Business Solutions, a professional employer organization based in St. Petersburg, Fla. Prior to joining Oasis, he was the chief executive officer of Clearwater Clinical Laboratories, of Clearwater, Fla.

Dr. Robert C. Kneip, senior vice president, Corporate Planning and Development for The Wackenhut Corporation, and chairman of the board of Oasis Outsourcing, said, "We are very fortunate to have a proven performer like Dan McHenry in this key executive role. His experience in operations, planning, and marketing will help Oasis Outsourcing realize its full potential in this dynamic and expanding industry."

Mr. McHenry is a former senior consultant, certified public accountant, and certified management accountant with Price Waterhouse. He has a masters degree in accounting and information systems from the University of West Florida, and a bachelor of science in business administration from West Virginia University.

He is a member of the National Association of Professional Employer Organizations (NAPEO) and the Florida Association of PEO’s, and has been active in the Chamber of Commerce and other business and professional organizations in the Tampa - St. Petersburg area.

Oasis Outsourcing is the professional employer organization (PEO) of The Wackenhut Corporation. The parent organization was founded in 1954 as a security and investigative company and has successfully diversified to provide a broad range of business services to business, professional and government clients worldwide.

As co-employer of a small or medium size workforce, a PEO is responsible for personnel functions such as payroll, taxes, benefits and insurance. Besides reducing the administrative burden of the employer, a PEO can lower costs and improve employee benefit programs by pooling the resources of separate companies. Oasis, founded in 1996, has offices in Florida and Colorado.

Palm Beach Gardens, Florida, November 20, 1996 -- The Wackenhut Corporation (NYSE-WAK / WAKB) has been selected by Sunbeam Corporation to be the sole provider of security services for its worldwide operations. Wackenhut, a world leader in providing security-related services to businesses, industry and government agencies, will provide its premier Custom Protection Officers and Upgraded Security Officers at twenty-three Sunbeam locations in the United States and three locations in Latin America.

Alan B. Bernstein, President of North American Operations for Wackenhut, said, “We are pleased to receive this expression of confidence in the quality and effectiveness of our services. Sunbeam joins many other leading multi-national companies who have sole-sourced their worldwide security needs with Wackenhut in order to take advantage of the effectiveness of corporate-directed planning, coordination and execution of the security function.”

With operations in virtually every state and over 50 countries on six continents, The Wackenhut Corporation has established itself as the standard-setter in the security services industry. In its 42-year history it has been a long-term supplier of security-related services to such major companies as AlliedSignal, Nations Bank, IBM, Fleet Bank, and leading nuclear power generating plants, as well as the U.S. Department of Energy and U.S. State Department Embassies overseas.

The company’s Custom Protection Officers represent an elite corps of specially selected security officers for assignment at key industrial and government locations. The screening, training and performance standards for the CPO’s are more rigorous than those of any state regulatory or licensing agency.

The Wackenhut Corporation was founded in 1954 by former Special Agent of the Federal Bureau of Investigation, George R. Wackenhut, who remains today as the Chairman of the Board and Chief Executive Officer.

FOR IMMEDIATE RELEASE

WACKENHUT NET INCOME UP 55%

Palm Beach Gardens, Florida, October 29, 1996 -- The Wackenhut Corporation (NYSE: WAK/WAKB) today reported a 55 percent increase in third quarter net income to $3.04 million or 21 cents a share from $1.96 million or 16 cents a share in the 1995 third quarter. Following a second quarter offering, 14.8 million common shares were outstanding compared with 12.1 million in 1995. Revenues for the quarter increased 16 percent to $236.9 million from $203.6 million.

For the first nine months of 1996, net income increased 12 percent to $5.89 million from $5.28 million. Per share earnings were 44 cents in both nine month periods based on the increased number of shares in 1996. There was a pre-tax charge of $750,000 ($461,000 or 4 cents a share after tax) in the first quarter of 1996 for the cost of relocating the company headquarters to Palm Beach Gardens in March. Revenues were up 15 percent to $672.2 million from $586.8 million.

“Our third quarter operating income of $5.2 million was a 19 percent increase over the year-ago quarter,” noted Richard R. Wackenhut, president and chief operating officer. “This results from strong performances from almost all areas of the company but especially from our core Security Services Division and Wackenhut Corrections Corporation.”

“Our International Operations reported declines in quarterly operating profit due to security services operations in Australia which continued to consume corporate resources,” he said. “We remain convinced that the substantial market opportunities there will justify our persistence.”

North American Group reported a 15 percent increase in third quarter revenue to $170.8 million primarily from gains in the Security Services and Food Services Divisions.

Wackenhut Corrections Corporation (NYSE: WHC), the company’s 55 percent-owned consolidated subsidiary, increased quarterly revenues 43 percent to $36.8 million. Total revenue-producing prison beds managed by the privatized corrections company increased 54 percent to almost 12,000 in the first nine months of the year.

“With almost $60 million in cash and less than $5 million in long-term debt as a result of two very successful common stock offerings earlier this year, Wackenhut remains positioned to take advantage of opportunities for growth,” said George R. Wackenhut, chairman and chief executive officer. “As evidence of our faith in the company’s outlook, we repurchased 87,000 shares of our class B stock during the past month as part of the 500,000 share repurchase plan approved by the board of directors in July.”

The Wackenhut Corporation is a worldwide provider of security-related and diversified services to business, industry and government agencies. With operations throughout the United States and 50 other countries on six continents, it is a leader in the privatization of public services for municipal, state and federal agencies, and also serves a wide range of industrial and commercial customers.

Third quarter financial results can be obtained by downloading this file by selecting the option above.

Palm Beach Gardens, Florida, October 29, 1996 -- The Wackenhut Corporation (NYSE: WAK / WAKB), declared a quarterly dividend of 6.5 cents a share on the corporation’s common stock, both series A (voting) and series B (non-voting), payable on January 2, 1997 to shareholders of record at the close of business on December 16, 1996.

The board of directors of the corporation approved the action today at its regular quarterly meeting.

The Wackenhut Corporation is a worldwide provider of security-related and diversified services to business, industry and government agencies. With operations throughout the United States and 50 other countries on six continents, it is a leader in the privatization of public services for municipal, state and federal agencies, and also serves a wide range of industrial and commercial customers.

Palm Beach Gardens, Florida, October 17, 1996 -- The Wackenhut Corporation (NYSE: WAK and WAKB) has been awarded a federal contract with The Smithsonian Institution for the outsourcing of training services for security officers and technical security supervisor personnel. The contract runs for a period of one year with revenues for the company of approximately $384,000 and was obtained after a competitive bidding process.

Richard R. Wackenhut, President and Chief Operating Officer of the corporation, expressed his pleasure at being selected and said, "Our company takes pride in being associated with such a prestigious and historically significant organization. We are prepared to take every measure possible to insure an extremely high level of professionalism in the training programs to be provided under the terms of the contract during the next twelve months."

The instruction will be provided in the Washington, D.C. area by the Wackenhut Training Institute, which is based at the companys headquarters in Palm Beach County, Florida, and is accredited by the University of Maryland to award Continuing Education Units (CEUs) and Continuing Professional Education (CPE) credits for some of its programs.

The Smithsonian Institution employs almost 600 uniformed security officers and 150 other protection staff members, whose role is to protect Smithsonian collections and other property from damage or loss and to respond to emergencies of any nature, as well as to provide safety and assistance to visitors. Its Office of Protective Services also provides security management and criminal investigation services at the Smithsonians major facilities in Washington, D.C. and New York City and its Tropical Research Center in Panama.

The Wackenhut Corporation, with operations in over 50 countries on six continents, is a major international supplier of security and related services to a wide range of industrial, commercial and government customers. It is a worldwide leader in the privatization of public services for municipal, state and federal agencies.

Palm Beach Gardens, Florida, October 4, 1996 -- The Wackenhut Corporation (NYSE: WAK and WAKB) announced that its Italian joint-venture has been awarded a U.S. Department of State contract to provide security and protective services for the American Embassy in Rome. The contract starts in October, 1996, and will have revenues of approximately $5 million over the next five years.

Richard R. Wackenhut, president and chief operating officer, said, "Our expansion to Italy is an important step in the continued extension of our operations into the European community, and complements the recent introduction of our services to France, the Czech Republic, Russia and the Slovak Republic; and our well-established presence in Greece and the United Kingdom."

Wackenhut is the leader among U.S.-based providers of security services in international operations and a broad range of other services to businesses, government agencies and multinational corporations in over 50 countries on six continents. It provides security services to U.S. State Department Embassies and Missions in 24 countries and similar services to the embassies of several other countries.

Wackenhut's operations in the international arena include alarm monitoring, armed security personnel, recovery of stolen vehicles, armored transit, facility management, forestry services, training and other management and outsourcing functions.

Palm Beach Gardens, Florida, October 3, 1996 -- The Wackenhut Corporation announced today that Michael K. Carmody has been named to the newly-created position of vice president-Asia for the firm's Wackenhut International Group.

Carmody, who had previously been executive general manager of business development for Wackenhut Australia Pty Ltd., will continue to be stationed in Parramatta, Australia, near Sydney. Wackenhut currently has partnerships and business interests in the area in Thailand, Japan, Hong Kong, China, South Korea and Australia.

"Michael Carmody will work closely with our partners in the region to grow existing businesses and expand into new markets," said Fernando Carrizosa, president of Wackenhut's International Group. "Our focus will be on facility management and aviation services markets as we seek synergy with our traditional security services businesses."

Before joining Wackenhut, Carmody was general manager of manpower services for ADT Security Pty Ltd. He had previously been with the Federal Airports Corporation where he was instrumental in establishing security and emergency policies at all of Australia's international airports. In 1991, he retired from a career with the Australian Department of Defense. He earned a graduate diploma in management studies from Deakin University, Australia.

The Wackenhut Corporation, with operations in over 50 countries on six continents, is a major international supplier of security and related services to a wide range of industrial, commercial and government customers. It is a worldwide leader in the privatization of public services for municipal, state and federal agencies.