SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to ____________.
Commission File No.: 0-23038
CORRECTIONAL SERVICES CORPORATION
(Exact name of small business issuer in its charter)
Delaware 11-2872782
_______________________________ __________________________________
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1819 Main Street, Suite 1000, Sarasota, Florida 34236
(Address of principal executive offices)
Issuer's telephone number: (941) 953-9199
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes [x] No []
The number of shares outstanding of the issuer's Common Stock, par
value $.Ol per share, as of May 12, 1997, was 7,670,879.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
CORRECTIONAL SERVICES CORPORATION
Registrant
By: \s\ Aaron Speisman
________________________________
Aaron Speisman, Secretary
By: \s\ Ira M. Cotler
______________________________________
Ira M. Cotler, Executive Vice President
Dated: July 9, 1997
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<ARTICLE> 5
<CIK> 0000914670
<NAME> CORRECTIONAL SERVICES CORPORATION
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> MAR-31-1997
<CASH> 16,950,820
<SECURITIES> 0
<RECEIVABLES> 6,365,473
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 26,512,216
<PP&E> 14,551,260
<DEPRECIATION> 1,105,619
<TOTAL-ASSETS> 51,137,294
<CURRENT-LIABILITIES> 4,971,880
<BONDS> 0
0
0
<COMMON> 76,709
<OTHER-SE> 40,258,808
<TOTAL-LIABILITY-AND-EQUITY> 51,137,294
<SALES> 11,598,986
<TOTAL-REVENUES> 11,598,986
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 11,206,339
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 128,293
<INCOME-PRETAX> 520,940
<INCOME-TAX> 195,000
<INCOME-CONTINUING> 325,940
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 325,940
<EPS-PRIMARY> $0.04
<EPS-DILUTED> 0
</TABLE>
