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Continental Prison Systems, Inc (CPSZ)

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Last Post: 6/18/2013 4:48:05 PM - Followers: 255 - Board type: Free - Posts Today: 129







http://www.ezcardandkiosk.com/Default.aspx

The prepaid card is about to tackle one of the more challenging issues for prison re-entry. Continental Prison Systems (CPSZ:PK) , a $4.6 million start up in California, offers a banking system for inmates. They call it the E-Z Card & Kiosk. The company installs kiosks inside state prisons and then issue debit cards to inmates. They refer to the system as the "cashless jail."

Prisons and their prisoners face some unique challenges. It costs a lot of money for prisons to write checks. According to CPSZ, it can cost as much as $17 per check. Hard to believe, but then again, who's counting? It is easier to see why a debit card would help prisoners. Even though prisoners can live without cash, many do earn wages while in prison. There are generally two tiers of employment. Some prisoners work for the state. In those cases, they might earn one to three dollars per day. Prisoners in work release are generally able to earn wages at the same level as any other worker. There is a caveat, though. Many prisons choose to charge rent and board for people that can get a work-release job. They are also likely to have to pay for private transport. At one prison in North Carolina, prisoners pay about $15 each way every day.

Working prisoners often want to send money to their families. The prison writes checks for them at other times - when they are released, or when they are transferring money from a prisoner's account to a child support recipient.



Corporation Active: http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=5pZNhARSddrWYB3w2969WQ%253d%253d&nt7=0



One in 31 Adults in U.S. Corrections System: http://www.stateoftheusa.org/content/locked-up-a-look-at-crime-and.php

In 13 States with 50 units installed = https://www.ezreleasekiosk.com/EZRelease_Remote/Default.aspx?eztk=474fc029-2e3e-41e5-8a8a-adeb613e37de

After a random search for inmates on the above link the lowest transaction fee I found was $4.95 up to $16.00 per transaction.

I underestimated (TO COME UP WITH A PROJECTION) that if they get an average of $6/per transaction, 1000(transactions per day) x $6.00/per transaction = $6,000 per day x 30 days = $180,000 Monthly
which would make it $2,160,000 Yearly, now the units do all the work even at 50% margin profits = over $1million for the year. (now 1000 transaction is not much over 12 states and 50 installed units which would make it 20 transaction per unit/ per day. Transaction consist of Traffic tickets, bonding, reloading inmates account, and debit card fees after they leave the jail
.


WHY WOULD management want Audited financials, will they have something concrete and have no problem with a 3rd party audit Company has engaged the accounting firm of dbb McKennon ("McKennon") as its new independent auditors. Continental Prisons Systems, Inc. expects to complete the audit during Q4 2012. (I would assume they are just reviewing them)
http://www.dbbmckennon.com/

Some Additional PROOF:
http://ocsd.org/divisions/custody/jails/cashier

Courts Today "FEATURED STORY" http://www.courtstoday.com/featured-story.html

http://www.daviscountyutah.gov/sheriff/divisions/jail/current_inmate_roster/default.cfm

MUST SEE http://www.policecentral.com/PDF/2012-05-01%20Police%20Central%20and%20EZ%20Card%20and%20Kiosk%20Announce%20Partnership.pdf



Two national prepaid card firms - Green Dot ($13/PPS) and NetSpend. What is interesting is CPSZ monopolizes the jail system (with contracts) and the inmates have a debit card, which they can keep and use even after they leave, not to forget the family members;; SO the key is they never lose the customer. too much info to post just do some DD and visit their website...

If they continue to increase their revenues, national companies like Green Dot and NetSpend will be keeping an eye on this one, last known 50 installs, the two from Fulton County Jail in Georgia are estimated to bring in $300k in revenues, so with with 50 installs we are talking millions in revenue...




I did contact the IR (702) 396-1000 (Integrity Investor Relations): IF YOU HAVE NOT TALKED TO THE IR ,,, I SUGGEST YOU DO...

1st When will the pinksheets be updated? He indicated they are working on it and it should be soon, however he did not give me an exact date. He went on to say that they are working with the company as the new IR and that Integrity was referred to the company by the companies attorney.

2nd How is integrity compensated? He indicated that they receive restricted shares.

He went on to say that there are many changes coming, and they are excited about the company, they see an amazing future;


Business Due Diligence: Integrity I.R. will spend as much time as necessary in preparation to launching a program delving into the core of each client's business. We dive deeply with management to understand the industry and particular vertical in which our customer's business resides. This allows us to quickly analyze and breakdown the most appropriate strategy with which to coordinate a campaign for potential institutional and retail targets. This may include deep dive financial modeling which can assist Investors in better understanding our client's growth prospects. We believe the first step to effectively communicating our client's potential to the marketplace is to become experts in understanding our client's business.






Just overlooking some of the press releases:::


=====PR 11/28/2012 Marketing agreement with Archonix, a leading provider of Jail Management Software (JMS) with an installation base of more than one hundred (100) facilities across sixteen (16) states http://www.archonixsystems.com/products.htm

=====PR 11/08/2012 50th integration of its proprietary payment processing technology in the Milledgeville Police Department (Milledgeville, GA).
http://ih.advfn.com/p.php?pid=nmona&article=54922837


=====PR 08/16/2012 2 Fulton County Jails Anticipates $300,000 In New Revenues Annually (That is only for 2 units, they have 50 installs right now)

=====Revenue Projection:: they have 50 installs x $150K yearly = More than $7million in revenues...

Link to all NEWS http://ih.advfn.com/p.php?pid=news&symbol=NO^CPSZ



Just IN Detail on Share Structure a/o 01/27/2013_UPDATED

526 million share traded since 12/01/2011 (PPS at the time .027+)

based on history my statistics are almost on the dot.

368million Float which is 70% of the shares traded (should be less but over projecting here)



So

Authorized 1 Billion a/0 01/27/2013
Float 368Million a/o 01/27/2013 Projected based on trades
Outstanding less then 600mil a/o 01/27/2013 Projected


we know from otc that 109mil was already restricted
http://www.otcmarkets.com/stock/CPSZ/company-info

Also from the filling 10K in 2012
Pacific Financial Solutions, Inc. as described in NOTE 1. The Convertible Debentures carry interest rates ranging from 12% to 15% require monthly interest only payments and are convertible into common stock of he company at prices ranging from $.50 to $1.00.

In August 2009 the Company entered into discussions with a company representing the convertible debenture holders whereby the Convertible Debenture holders were asked to relinquish their Convertible Debentures in exchange for a proportionate share of a trust into the Company will contribute 5,000,000 non-dilutableshares.





http://www.ezcourtpayments.com/about.html

"After an officer was caught taking cash from an inmate in the booking room we installed a booking kiosk from EZ Card and Kiosk. It's made our booking process much faster and efficient and took the liability from us. Our facility is a 3 day holding facility only. My officers were constantly being called to the lobby to handle bonds. With the EZ Payment kiosk, now they just pay at the kiosk and pay automatically. This payment system is a game changer! "



Mitchell Huston, Aurora CO

"Our staff no longer need to collect, count, transport and physically bank these funds. We've saved hundreds of man hours. Our new money management system is actually an improved public service".

In addition, the by-product of this technology is that the public can deposit funds into this kiosk system through remote locations - home computer, local library or other remote locations - family of inmates now have an easier way to get funds on inmates' books."

Commander Bruce Haas, CO




Date Time Source Headline Symbol   Company
02/05/2013 9:00AM GLOBE Continental Prison Systems Adds Two More Installations USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
01/30/2013 9:00AM GLOBE Continental Prison Systems Issues Shareholder Update USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
11/28/2012 9:00AM GLOBE Continental Prison Systems Enters Into Agreement With Archonix USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
11/08/2012 9:00AM GLOBE Continental Prison Systems Reaches Benchmark 50th Installation USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
10/31/2012 8:00AM GLOBE Continental Prison Systems Retains Integrity Investor Relations USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
10/18/2012 9:30AM PRNUS Continental Prisons Systems, Inc. Appoints Auditing Firm USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
08/16/2012 7:52PM PRNUS Continental Prisons Systems Inks 2 Fulton County Jails Anticipates $300,000 In New Revenues Annually USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
05/17/2012 5:00AM GLOBE Continental Prison Systems, Inc. and Police Central, Inc. Enter Into Strategic Alliance Agreement USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
05/10/2012 5:00AM GLOBE Orange County, California, Board of Supervisors Approves Contract With Continental Prison Systems, Inc. (CPSZ), Incorporating... USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
03/06/2012 5:00AM GLOBE Continental Prison Systems, Inc. Expands EZ Services at Tulare County, California USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
02/28/2012 5:00AM GLOBE Continental Prison Systems, Inc. Relocates Corporate Headquarters USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
02/21/2012 5:00AM GLOBE Continental Prison Systems, Inc. Awarded Contract for Kiosk Installation at Fulton County Jail USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
02/09/2012 7:30AM MWUS Continental Prison Systems, Inc. (CPSZ) Expands Client Base in a $37 Billion Market USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
02/08/2012 5:00AM GLOBE Continental Prison Systems, Inc. (CPSZ) Continues Expanding Client Base in 2011 USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
02/02/2012 5:00AM GLOBE CPSZ's Wholly Owned Subsidiary, General Payment Systems, Inc., to Issue Separate Financial Statements USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
01/31/2012 5:00AM GLOBE Continental Prison Systems, Inc. Added Ten Michigan County Jails to Client Base USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
01/26/2012 5:00AM GLOBE Continental Prison Systems, Inc. to Post Historical Financial Statements USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
09/21/2011 5:00AM GLOBE Clarification Concerning Tom Knowles Resignation From CPSI Board of Directors USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
09/14/2011 5:00AM GLOBE Tom Knowles Announces Resignation From Board of Directors of Continental Prison Systems, Inc. (CPSI) USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
06/16/2011 8:00AM GLOBE Continental Prison Systems, Inc. Expands Strategic Partnership With Canteen Services of Michigan USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
06/03/2011 8:00AM GLOBE Continental Prison Systems, Inc. Secures Contract With 2nd Largest U.S. Jail USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
05/10/2010 4:37PM EDGAR Small Company Offering and Sale of Securities Without Registration (D) USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
04/23/2010 5:00AM GLOBE Continental Prison Systems, Inc. Installs EZ Card & Kiosk Services at Ingham County, Michigan Jail USOTC:CPSZ   Continental Prison Systems, Inc. (PN)
04/06/2010 6:00AM GLOBE Continental Prison Systems, Inc. Performs Installation of EZ Card & Kiosk Services at Broward County, Florida Jail USOTC:CPSZ   Continental Prison Systems, Inc. (PN)












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PostSubject
#26636  Sticky Note Continental Prison Systems Adds Kiosks in Broward County, Florida imperativity 06/13/13 10:17:13 AM
#26548  Sticky Note Who said there would be a R/S? Stockcaller 06/12/13 10:59:49 PM
#16007  Sticky Note ULTIMATE DD BUY double up .01+ http://investorshub.advfn.com/boards/read_msg.aspx?mess 777 03/04/13 01:36:08 PM
#15828  Sticky Note CPSZ DD and Revenue Analysis google doc lewsogge 03/03/13 07:33:07 PM
#27415   That would be a target of 20 cents akamaii 06/18/13 04:48:05 PM
#27414   Could be a potential suitor. JMO. https://www.paypal.com/us/webapps/mpp/govern spookychild 06/18/13 04:39:00 PM
#27413   http://www.stockta.com/cgi-bin/analysis.pl?alert=42&action=Module&orderTag=%20lo stocktrader828 06/18/13 04:38:10 PM
#27412   I just hope that doesn't happen till end akamaii 06/18/13 04:37:29 PM
#27411   it's 2013 witte 06/18/13 04:34:09 PM
#27410   This could be one of the best plays surfkast 06/18/13 04:28:31 PM
#27409   It wouldn't surprise me since CPSZ has already THEGOOGLE5 06/18/13 04:27:12 PM
#27408   Buyout IMHO is imminent given the recent events. spookychild 06/18/13 04:27:11 PM
#27407   I am thinking that the Hodges finally have surfkast 06/18/13 04:23:59 PM
#27406   Never ceases to amaze me how people throw THEGOOGLE5 06/18/13 04:19:05 PM
#27405   i guess it would have closed at .0125 alexah101 06/18/13 04:18:50 PM
#27404   Especially one that could have phenomenal revenues with surfkast 06/18/13 04:16:47 PM
#27403   Dumping on the bid trying to get people THEGOOGLE5 06/18/13 04:12:56 PM
#27402   Food for thought: surfkast 06/18/13 04:12:23 PM
#27401   My cash flow guesstimate: surfkast 06/18/13 04:07:21 PM
#27400   well we got mildly painted but still closed alexah101 06/18/13 04:04:56 PM
#27399   We close again in the GREEN.... THEGOOGLE5 06/18/13 04:02:39 PM
#27398   lol, i thought the same thing. thought they alexah101 06/18/13 03:49:32 PM
#27397   When someone talked about 2 cents on Friday THEGOOGLE5 06/18/13 03:48:20 PM
#27396   Couldnt have asked for a better bounceback CPSZ. Kubisiak5 06/18/13 03:46:10 PM
#27395   A minor dip to 125 is not selling... THEGOOGLE5 06/18/13 03:43:55 PM
#27394   Just 1 tick away from HOD.... LOL THEGOOGLE5 06/18/13 03:40:49 PM
#27393   what dumby is selling? the trendline on this alexah101 06/18/13 03:40:08 PM
#27392   The thing is that last Wednesday this was THEGOOGLE5 06/18/13 03:38:33 PM
#27391   Slap that ask folks .012s will be gone 1gumbi 06/18/13 03:37:23 PM
#27390   wow this things plows and the volume is alexah101 06/18/13 03:33:43 PM
#27389   Setting up for EOD hard run! Damon646 06/18/13 03:29:51 PM
#27388   Yep... Just gotta a couple more ASK slaps THEGOOGLE5 06/18/13 03:23:04 PM
#27387   Looking good RickKayne 06/18/13 03:19:49 PM
#27386   Shorts better start covering before people start slapping THEGOOGLE5 06/18/13 03:18:39 PM
#27385   Not doing too bad today. Up 18% again THEGOOGLE5 06/18/13 03:09:20 PM
#27384   Were not worthy! Were not worthy! Thank you alexah101 06/18/13 02:42:42 PM
#27383   Here comes volume... imperativity 06/18/13 02:41:59 PM
#27382   Great hits on the ask. Back to THEGOOGLE5 06/18/13 02:41:27 PM
#27381   Wish I had the do re me. To 1gumbi 06/18/13 02:34:44 PM
#27380   If you are stalling, you push forward. Counterintuitive, drwwicks 06/18/13 02:28:02 PM
#27379   There ya go! Welcome "back" ;) Kubisiak5 06/18/13 02:24:15 PM
#27378   Pilot to copilot were stalling pull up pull up 1gumbi 06/18/13 02:15:16 PM
#27377   lawdog1, I agreed with you. this stock has Msmalli 06/18/13 02:08:24 PM
#27376   I guess the fins will help with that spookychild 06/18/13 02:00:48 PM
#27375   Games all day. Damon646 06/18/13 01:58:43 PM
#27374   $500 billion industry they wouldn't need much to kingb11 06/18/13 01:55:57 PM
#27373   They will be worth 4B, but not anytime spookychild 06/18/13 01:51:52 PM
#27372   i agree i mean $5 a share w/o kingb11 06/18/13 01:46:47 PM
#27371   They are moving fast,it's a real and successful lawdog1 06/18/13 01:44:28 PM
#27370   Its prob already pumpin out revenue. Looking kingb11 06/18/13 01:41:19 PM
#27369   Scott County(MO) just went active as scheduled. $$$$$ lawdog1 06/18/13 01:35:28 PM
#27368   Looks like .012 back up yippee moving on up msj2389 06/18/13 01:24:55 PM
#27367   Yeah MM can put up those false 10k Hor4013 06/18/13 01:21:34 PM
#27366   +1 for .012-.013 close by EOD alexah101 06/18/13 01:20:28 PM
PostSubject