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KAPLAN FOX & KILSHEIMER LLP ANNOUNCES CLASS ACTION SUIT AGAINST PRISON REALTY TRUST, INC. AND CERTAIN OF ITS OFFICERS

NEW YORK -- February 4, 2000/Counsel for Class Plaintiff, Kaplan Fox & Kilsheimer LLP today issued the following statement:

A class action has been commenced in the United States District Court for the Middle District of Tennessee on behalf of all persons who purchased the common stock of Prison Realty Trust, Inc. ("PZN" or the "Company") (NYSE: PZN) between June 10, 1999 and December 27, 1999, inclusive (the "Class Period").

The lawsuit alleges that during the Class Period defendants violated certain provisions of the Securities and Exchange Act of 1934 by falsely representing that PZN would pay certain dividends to its stockholders and maintain its status as a real estate investment trust ("REIT").  On December 27, 1999, the Company announced that it would not pay previously announced dividends and would not operate as a REIT.

Plaintiff seeks to recover damages on behalf of all persons who purchased PZN common stock during the Class Period.  Plaintiff is represented by the law firm of Kaplan Fox & Kilsheimer LLP, which has many years of experience in prosecuting investor class actions and extensive experience in actions involving financial reporting and management fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

If you are a member of the Class described above, you may, no later than February 28, 2000, move the Court to serve as lead plaintiff of the Class.  In order to serve as lead plaintiff, however, you must meet certain legal requirements. 

If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact: 

Joel B. Strauss, Esq.
Hae Sung Nam, Esq.
Kaplan Fox & Kilsheimer LLP
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address:
mail@KaplanFox.com

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