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General Payment Systems, Inc (GPSI)
 
 

Headquarters: Irvine

Founded: 2008

Formerly known as: Continental Prison Systems, Inc

Symbol: GPSI

CEO: Ron Hodge

Employees: 25 claimed, actually unknown

Business: kiosks


SHARE STRUCTURE 

Authorized  100 million a/o 09/03/2013    Outstanding shares as of 09/03/2013      10,871,741
      Float  - Unknown      
Outstanding - Unknown

 

Continental Prison Systems Issues Shareholder Update

Date : 01/30/2013 @ 9:00AM
Source : GlobeNewswire Inc.
Stock : NO^GPSI (CPSZD)
Quote : 0.51  0.0 (0.00%) @ 2:05AM
 
 

Continental Prison Systems Issues Shareholder Update

 
 

General Payment Systems Inc. (USOTC:GPSI)
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2 Years : From May 2012 to May 2014

Click Here for more General Payment Systems Inc. Charts.

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 share."

"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 financing partner."

"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

Forward-Looking Statements

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          www.IntegrityIR.com          (702) 396-1000


General Payment Systems Signs Agreement With Kern County, CA to Deploy Kiosks Throughout Seven County Courthouses
IRVINE, Calif., Nov 26, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed Kern County, CA to an agreement which will result in the installation of the Company's kiosks in courthouses throughout Kern County.

On the heels of the Company's previous successes in California municipalities including Riverside County, General Payment Systems will deploy its full suite of kiosk services at each of the seven locations in Kern County, servicing a population in excess of 850,000 people.

"This is a tremendous accomplishment for our Company, to further expand in California and to add seven locations via one contract," stated General Payment Systems CEO, Ron Hodge. "We had hoped after landing Riverside that more California locations would follow. Now, we have indeed secured a very large account and one which utilizes all our services."

"It is inarguable that we are growing rapidly in our desired markets and building a reputation galvanized by the successes of our customers," added Hodge. "Each of these locations, each of these kiosks is simultaneously driving revenue, market share, and brand equity."








General Payment Systems to Launch and License SAFE (Secure Automation of Financial Events), a New Technology for Commercial Markets
IRVINE, Calif., Nov 19, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company will license a new technology called SAFE (Secure Automation of Financial Events) for use in the private sector marketplace. The Company is currently in discussions with various commercial licensees that wish to deploy SAFE in various markets.

With the introduction of SAFE, the Company's proprietary technology, which is currently deployed in over fifty government agencies and municipal jurisdictions nationally, has been adapted to provide transactional support, accounting, age and identity verification, and reporting for a wide variety of commercial applications.

"We have been repeatedly asked to provide a version of our battle-proven government agency software for environments where cash handling creates abundant risk issues," stated General Payment Systems CEO, Ron Hodge. "We now have created an industry agnostic, commercial transaction system that can be modified for a wide variety of verticals. With our focus on our core market of municipal payments and payment automation for government agencies, our Board of Directors and management believe that the opportunity to service the vast and diversified commercial industry is executed best through a licensing model."

SAFE allows for a variety of commercial enterprises to automate their on-site payments, deploy proprietary work flow and reduce transactional risk and fraud. Potential markets include collection of donations by charities and churches, collections of patient payments by hospitals, food and beverage purchases at sporting events and concerts, layaway payments at department stores and prepaid tabs at hospitality locations that serve wine and spirits where cash loss from the consumer to the cash register has been a historic concern. Additionally, tobacco sale locations that have suffered similar deficiencies can also be serviced while using real-time tools to verify age or identity as appropriate.

SAFE can also deliver unparalleled "Safety and Soundness" for transactions that require an additional layer of identity verification, transactional awareness or payment automation when compared to traditional POS (Point of Sale) systems. Importantly, for retail industries that are compelled to report to the State for taxation and other regulatory purposes, SAFE can be configured to provide necessary accounting and other pertinent data to the State or other agency, thus reducing the risk of fines, penalties, and suspensions.

"We're bringing the accountability that has worked so well in the corrections and municipal space to commercial operations that require accountability," added Hodge. "There is no substitute for the security and peace of mind our technology provides to all involved."

 

General Payment Systems Signs Largest Alternative Payment Account in Company History With Riverside County, CA Agreement


IRVINE, Calif., Nov 15, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed its largest alternative payment account through an expanded agreement with Riverside Superior Court, CA.

After winning the RFP (Request for Proposal) to provide kiosk payment services in Riverside, General Payment Systems was asked to demonstrate its capabilities through a beta test in Riverside's Moreno Valley location. Following the completion of the successful beta, General Payment Systems has now expanded to three additional installations, with kiosks deployed at Larsen, Hemet and Southwest Superior Court locations.

The agreement also calls for the installation of kiosks at three more court locations in Riverside.

General Payment Systems' kiosks in Riverside have been customized to accept cash and checks as payment for traffic tickets. The newly developed software/kiosk can also dispense cash to the customer for change providing yet another way the Company's leading edge technology can help alleviate frustrating lines at the windows and reduce labor costs.

"Our agreement with Riverside sets the stage for the largest alternative payment account in Company history," stated Ron Hodge, CEO, General Payment Systems. "And it gives us further traction in California where winning RFP's and accounts can increase the likelihood of future penetration. Ultimately, we expect Riverside and all its locations to be a critical source of revenue and market leverage."

 

General Payment Systems Lands Five Kiosk, Multiple Location Corrections Account in Louisville, Kentucky


IRVINE, Calif., Nov 05, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has been contracted to provide and has now gone live with five kiosks at Metro Corrections in Louisville, Kentucky. Metro Corrections consists of three locations in the greater Louisville area and is expected to process more than 42,000 inmates using the Company's services over the next year.

General Payment Systems kiosks will handle six different payment types for this new facility; booking, inmate commissary, bail, home incarceration, phone time, and community correctional center payments. The first kiosks in the Louisville facility are now live and operational. Additionally, General Payment Systems has integrated its proprietary EZAP Software Suite with Archonix's Jail Management Software (JMS) in Louisville. This will be the seventh integration with this valued partner.

"This was an incredibly competitive RFP (Request For Proposal) process and ultimately we were selected over numerous large and national competition," stated Ron Hodge, CEO, General Payment Systems. "We are proving over and over again that we are best-of-breed for municipal payment technology. Adding Louisville is not just a significant revenue opportunity for GPSI, but a testament to our growing brand in the industry."

"This is a very large account for the Company and once again, we thank our channel partner Archonix who continues to open very large doors for us," added Hodge.

 

General Payment Systems Signs LOI to Provide Probation Payment and Biometric Tracking Technology Through CSRA Probation Services


 

Agreement Signals GPSI's Entry Into Probationary Payment Market


IRVINE, Calif., Oct 23, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed a Letter of Intent (LOI) to provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services which services approximately 60 courts in the State of Georgia. The agreement is the first of which for General Payment Systems in the probation and post release market.

"CSRA is a well-respected probation services provider used in a large number of court systems in Georgia," stated Ronald Hodge, CEO, General Payment Systems. "Their success and reputation in the state made them an appropriate partner for this collaboration. With a large book of probations accounts, we hope to soon become a popular method for the monthly payments and fees required for probation."

"A probationer will soon be able to complete a required monthly check-in and make their payment using a state-of-the art thermal fingerprint biometric technology," added Hodge. "It's the perfect combination of transaction based revenue and accountability for the probationer."

"A primary key for success in the field of community corrections is to remove as many obstacles as possible that might hinder the progress of those we supervise. The opportunity to partner with General Payment Systems, Inc. not only makes our job easier, it actually increases the chances of a positive outcome for those we supervise," stated Michael Popplewell, President, CSRA/Georgia Corrections Corporation.

 

General Payment Systems Opens Location in Montgomery County, TX


IRVINE, Calif., Oct 18, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company, through its licensee EZ Pay Corporate, has opened its latest Texas location, this time in Montgomery County, TX.

Through General Payment System's proprietary kiosks and technology, this account located inside the Montgomery County Sheriff's Office in Montgomery County, will accept building permits, renewals for health permits, septic permits and manager's class fees, in addition to jail and corrections payments.

"This opening by our valued licensee provides both actual and virtual expansion as we gain more locations in Texas and provide payment services for an increasingly wide variety of payment types," stated Ronald Hodge, CEO, General Payment Systems. "We applaud our licensee for their efforts in broadening our footprint in municipal payment services. We hope to use this account to demonstrate our ever-widening payment capacity to potential new accounts in the area."
 

General Payment Systems to Provide Payment Kiosk Technology for City of Huntington Park, CA


 

GPSI Will for the First Time Handle Parks and Recreation Related Transactions


IRVINE, Calif., Oct 14, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has agreed to provide kiosk payment technology for the City of Huntington Park facility in California with an expanded municipal payment system.

For the first time, General Payment Systems will allow for municipal payments for Parks and Recreation services, furthering the Company's penetration and potential in the municipal payment arena. Parks and Recreation processing will now be made available to all existing and future accounts.

"While we are most pleased to add Huntington Park to our roster of active accounts we are also elated to demonstrate the versatility of our kiosk and technology by adding Parks and Recreation payments to our service offering," added Hodge. "Huntington Park residents will soon be able to use our kiosks to pay for police and law enforcement related payments, utilities and Parks and Recreation expenses."

"Our goal is to leverage our successes in the corrections industry to penetrate the vast municipal payment market. Today is another significant step forward," added Hodge.

 

General Payment Systems Reports Another Increase in Quarter Over Quarter Transactional Volume


IRVINE, Calif., Jan 16, 2014 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company's transactional volume for the third quarter of 2013 is once again a record number, maintaining a trend of transactional growth. For the third quarter, the Company reported 177,794 transactions, the highest recorded total for any quarter in the Company's history.

Through the 177,794 transactions, the Company processed over $12.7 million in payments made to government entities. Depending upon the type of payment involved, the Company charged either a fixed-rate or percentage-based processing fee.

Historical transactional volume, in number of transactions is as follows:

2010: 238,339 transactions

2011: 399,261 transactions

2012: 526,366 transactions

Q1 2013: 172,262 transactions

Q2 2013: 176,117 transactions

Q3 2013: 177,794 transactions

"The Company is pleased to report another quarter over quarter improvement in our transactional volume," stated Ron Hodge, CEO, General Payment Systems. "We look forward to a bright 2014, armed with a pattern of success in the marketplace and an increasingly diverse suite of services we can provide to businesses and municipalities looking for more efficient and secure technology systems."

 


 






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No Information

Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.

http://www.otcmarkets.com/stock/GPSI/company-info

 

Posted by: eleniak
In reply to: None
Date:7/28/2014 11:59:28 AM
Post #39707 of 39708
 

hey all, remember a few months ago I said this was going to .005?
and I've said it's going to triple zero's, believe me now????
  • 1D
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GPSI
Current Price
Volume:
Bid Ask Day's Range
Wiki
PostSubject
#39340  Sticky Note Hmm low and behold I got a reply. 1gumbi 06/20/14 04:02:00 PM
#39140  Sticky Note I would not waste my time trading this surfkast 06/10/14 05:21:10 PM
#36266  Sticky Note This board needs to get back on topic. IH Admin [Edward] 01/27/14 03:44:30 PM
#39711   Wow! I sure like when I don't check 1gumbi 07/29/14 03:30:03 PM
#39710   Starting to get very interesting here better hold on! msj2389 07/29/14 02:22:41 PM
#39709   Nothing on this board makes sense anymore. sandls 07/28/14 03:44:15 PM
#39708  Restored Im confused what you mean? Are you being sarcastic? msj2389 07/28/14 12:22:07 PM
#39704   Gpsi in the public arena gets manipulated up drwwicks 07/24/14 10:51:40 PM
#39703   Dream on and have another mug of "go drwwicks 07/24/14 10:45:38 PM
#39702   PROPPED UP ON A 1000 share trade THE TRUST vans 07/24/14 08:44:34 PM
#39701   Sounds good. I can't wait. sandls 07/24/14 04:59:40 PM
#39699   GPSI is making a lot of cash FU2 07/24/14 12:01:17 PM
#39698   Good luck! Only winners are the TRUST and surfkast 07/23/14 03:31:35 PM
#39697   Sandl Not alone....here 6 yrs....mucho dinero....will play out this hand upbeat 07/23/14 03:15:07 PM
#39696   Looks like everybody has left. It's probably time sandls 07/23/14 01:35:50 PM
#39695   HEY WILLEY, WHEN IS THIS GOING TO $5.00 surfkast 07/21/14 06:19:34 PM
#39693   That is probably why the ask drops after surfkast 07/21/14 12:19:52 PM
#39692   On top of that we have insiders propping vans 07/21/14 12:17:39 PM
#39691   STEADY SLOW BLEED THIS POS IS CABING IN vans 07/21/14 11:06:09 AM
#39690   You forgot to mention shares going off between surfkast 07/20/14 09:28:37 AM
#39689   Two cups of BS A tea spoon of "trust RickKayne 07/19/14 08:04:01 PM
#39688   Must be a complicated recipe! surfkast 07/19/14 01:06:38 PM
#39687   The never ending audit.. RickKayne 07/19/14 12:01:29 AM
#39686   Bid and ask dropping ... don't you just 74theroad 07/18/14 11:11:48 AM
#39685   Got quiet? No Comment...................... surfkast 07/17/14 09:15:07 PM
#39684   Yup.....just have faith....see where that gets you in bell345 07/16/14 04:28:21 PM
#39683   Im a believer go GPSI!! msj2389 07/16/14 02:53:12 PM
#39682   I doubt he sold. I think he's just sandls 07/16/14 02:08:40 PM
#39681   He's done an awesome job with DD and marknet 07/16/14 12:28:18 PM
#39680   Hard to stay interested without Lawdog's updates and optimism. sandls 07/16/14 11:40:14 AM
#39679   Definitely at a 52 week low. Currently back marknet 07/15/14 10:54:31 PM
#39676   The fake financials for 2012 show 12.6 million surfkast 07/15/14 09:10:34 AM
#39675   I speculate that either they have a lot bell345 07/15/14 08:38:37 AM
#39674   No 1gumbi 07/15/14 07:46:01 AM
#39673   Hi Gumbi, is that you at $0.12? Just curious.... Stanley71 07/15/14 01:04:13 AM
#39672   Nobody is going to be able to sell 1gumbi 07/14/14 04:48:40 PM
#39671   Unless they pr some great news....tax loss selling bell345 07/14/14 04:06:52 PM
#39670   So now that ld1 is bowing out and 1gumbi 07/14/14 02:21:29 PM
#39669   It is what it is. Buyer beware. 1gumbi 07/14/14 02:00:37 PM
#39668   Most otcbb/pinks grow by debt &/or shares issued. bell345 07/14/14 12:25:37 PM
#39667   Nope. It's a growing business. They just don't 1gumbi 07/14/14 12:17:20 PM
#39665   No news since January 24!! Was this casualriver 07/14/14 11:41:21 AM
#39664   Morning in my opinion correct answer. drwwicks 07/14/14 11:12:40 AM
#39662   It is hard to support a company that vans 07/14/14 07:02:51 AM
#39661   Lawdog1, I haven't received any messages from you drwwicks 07/14/14 12:21:30 AM
#39660   Surf, good evening and happy fishing. Complaining is drwwicks 07/14/14 12:14:57 AM
#39659   Lawdog, sad to see you go. Thanks Hor4013 07/13/14 11:30:21 PM
#39658   Maybe Janice Shell can get us some answers. surfkast 07/13/14 06:08:58 PM
#39657   I believe I know why they got rid surfkast 07/13/14 06:05:02 PM
#39656   I have been here a long time and lawdog1 07/13/14 12:27:07 PM
#39655   Sorry. Maybe to rephrase: What changes in the Stanley71 07/13/14 12:06:42 PM
#39654   The Company is doing great! lawdog1 07/13/14 11:49:13 AM
#39653   There's certainly problems with GPSI that management is 74theroad 07/13/14 11:42:47 AM
PostSubject