Continental Prison Systems Issues Shareholder Update
IRVINE, Calif., Jan. 30, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems,
Inc. (OTC:CPSZ) a payment processing technology company that specializes in
the $500 billion government payment space, is pleased to provide shareholders
with a brief update regarding 2012 and the near future.
"We are pleased with the tremendous growth of our revenue base and operational
capabilities in Fiscal Year 2012. We surpassed internal expectations and are
now poised to increase our rate of expansion as we enter Fiscal Year 2013,"
stated Ronald Hodge, Chief Executive Officer of Continental Prison Systems.
"After expanding our base to over 50 installations, we are confident that our
systems can sustain higher rates of growth, larger transactional volumes and
various payment types. We are looking forward to leveraging our new channel
partners and their ability to sell our products as we drive increased market
"The company has proven its ability to process a variety of payments via its
payment portals, including utility payments," Hodge added. "We believe that in
addition to the revenue that this provides that it also helps to expand value
for Continental's brand."
"We do believe that it may be necessary to seek additional outside funds to
continue our rapid expansion and to capture market opportunities as they
arise," said Hodge. "We will be most prudent and efficient in selecting our
"In addition to our continued growth, we took steps to enhance our
transparency. Adding Integrity Investor Relations provides us with a
highly-skilled, professional and accessible means through which we can
communicate and service our valued shareholders. Moreover, we are working
diligently to complete a full audit that we can then share with the investing
public. It is my personal expectation that this document will be available in
the first half of 2013 barring an unforeseen event."
"In closing, we want to thank our team and our close-knit group of service
providers who believe in what we're doing and lend their skill and expertise
to Continental Prison Systems," Hodge added. "But most importantly, we want to
thank each and every shareholder who has stuck with us through the bumpy ride
that can be investing in microcap stocks in public markets. We will do our
very best to deliver long term value to our investors."
About Continental Prison Systems
Continental Prison Systems Inc (dba EZCard and Kiosk) is a technology company
that provides government agencies with proprietary hardware (Kiosks) and cloud
based software systems that automate the process of collecting payments from
the general public (Cash, Debit and Credit). These systems deliver payment
acceptance, real-time accounting and payment risk-mitigation services. The
company distributes these technologies through direct sales, channel partners,
and various licensed entities.
For more information visit www.ezcardandkiosk.com
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The words or phrases
"would be," "would allow," "intends to," "will likely result," "are expected
to," "will continue," "anticipate," "expect," "estimate," "project,"
"indicate," "could," "potentially," "should," "believe," "considers," or
similar expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and uncertainties.
These include the company's historic lack of profitability, end user customer
acceptance and actual demand, which may differ significantly from
expectations, the need for the company to manage its growth, the need to raise
funds for operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and should not
be relied upon as of any subsequent date. The Company's past performance isn't
necessarily indicative of its future performance. The Company doesn't
undertake, and the Company specifically disclaims any obligation, to update
any forward-looking statements to reflect occurrences, developments, events or
circumstances after the date of such statement.
CONTACT: Integrity Investor Relations
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