Cornell Companies Files $75 Million Shelf Registration Statement

HOUSTON, Aug. 1, 2008 (PRIME NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) today announced the filing of a shelf registration with the Securities and Exchange Commission. After the registration statement becomes effective, the Company may, from time to time, sell up to $75 million of its common stock, preferred stock, debt securities, warrants or certain other securities (collectively, the "Securities"). The shelf registration statement is intended to provide the Company flexibility to raise funds from the offering of the Securities, subject to market conditions and the company's capital needs.