Youth Services International Inc. said yesterday that it was awarded a contract with the Colorado Department of Corrections worth about $1.8 million in revenue for the company.
The Owings Mills company will provide alternative sentencing for Colorado juveniles convicted of a violent felony other than murder. Most of the juveniles will be sent to Youth Services International's Springfield and Chamberlain Academies in South Dakota, Forest Ridge in Iowa and Tradkio Academy in Missouri. The length of the program for juveniles is two to five years.
Youth Services shares lost 62.5 cents yesterday on the Nasdaq stock exchange to close at $10.375.
"Youth Services is extremely pleased to work with the state of Colorado and to offer our services to their innovative program for these youthful offenders. Youth Services programs are committed to educating and developing these young people in order to prepare them to become productive, contributing citizens," said Timothy P. Cole, YSI's chairman and chief executive officer.
The company operates 22 residential and community-based programs for about 3,000 teen-agers in 12 states.
Pub Date: 4/24/97