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I agree. This could be the next Tearlab (TEAR). Should I sell some CPSZ and add some EPGL?
Playing devils advocate, they have not sold any products yet. Assuming there is a sustainable demand, this could be a good stock. Definitely a rare gem to keep a close watch on.
Not the best share structure.
Market Value $169,915,200
Shares Outstanding $4,668,000,000
Float $499,161,167
Authorized Shares $5,000,000,000
Par Value - 0.0001
Google "public school kiosk"
"Commissary Operations staff of civilian employees are responsible for processing approximately 396,000 annually, with annual sales in excess of $8.8 million dollars."
http://ocsd.org/divisions/custody/inmate/commissary
There are now paid advertisements on the website for a few Colorado jails. That is easy revenue.
https://www.ezreleasekiosk.com/EZMoneyLoad_Remote/Default.aspx?eztk=a51adfe2-0a1e-49bb-8bc9-49848c65f507
4/25/2013- Mendocino County Sheriff expands on jail classroom space. This is encouraging news for our kiosks at Mendocino County.
http://www.ukiahdailyjournal.com/ci_23103124/mendocino-county-sheriff-expands-jail-classroom-space
Large institutional investing will not take place unless there are audited financial statements.
Releasing PR's on time before the release of audited financial statements is not one of their primary concerns.
??
Las Vegas Office
Kurt Divich, President
(702) 396-1000
Direct email: kurt@integrityir.com
8724 W. Gilmore Ave.
Las Vegas, NV 89129
There is nothing we the shareholders can do but wait. (Take your mind off the stock)
*crickets chirping*
Interesting. How big can the legging market get though?
Someone call the headquarters and speak to Jennifer Bacon if they feel nervous. 15 more installations on the way and everyone in received salary raises in the company.
The machines are collecting money every single day. Some jails solely depend on them. They are making money...
I am under the impression that this is the first time in history for CPSZ to release audited financial statements.
Prior to this CPSZ claims to release unaudited financial statements. Take a look at this article from 2012:
http://globenewswire.com/news-release/2012/02/02/466957/244565/en/CPSZ-s-Wholly-Owned-Subsidiary-General-Payment-Systems-Inc-to-Issue-Separate-Financial-Statements.html
I feel that the company is placing a tremendous amount of effort on their expansion and brand and will take care of their shareholders later. We will most likely see the financial statements towards the end of June.
Google "Wall Street Journal Continental Prison Systems"
Wall Street Journal article:
http://online.wsj.com/article/PR-CO-20130416-902414.html?mod=googlenews_wsj#articleTabs%3Darticle
Just an exact copy from the most recent PR.
Interesting article from 2010.
"Life would be horrible" without commissary.
http://www.texastribune.org/2010/04/08/texas-prisoners-spent-95-million-at-commissaries/
The accounting firm was "appointed" on October 31st. I don't expect the financials to be released until June 30th.
http://www.bloomberg.com/article/2012-10-18/amyLpmVeXJ_Y.html
Interim financial report ending 09/31/11.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=71552
I have been doing some research and I have come to the conclusion that bonds bailman companies are against these kiosks. I am just wondering how much business is EzCard receiving from bail transactions?
I believe they are making good money from commissary because of the variety of goods and supplies that most jails offer. Take a look at what commissary stuff is offered in the Orange County, CA jail.
http://ws.ocsd.org/Whoisinjail/Search.aspx
Why is Cyber Kiosk Solutions (CYBK) so high?
4/10/13 - Driver's license and state ID kiosk coming soon. I hope CPSZ is in this niche.
http://www.timesfreepress.com/news/2013/apr/10/license-renewal-kiosk-installed-bonny-oaks-tag-and/
4/12/13 - Discussions are already underway for potential pay-station or kiosk. The trend is just starting. $CPSZ !!!
http://www.ivpressonline.com/news/ivp-three-courts-slated-to-close-20130412,0,5214221.story
Follow their instagram:
http://instagram.com/EzCardandKiosk#
Do they have twitter?
Sitting, wishing, watching, waiting
Who wouldn't love them? Who wants to count and re-count money that is not theirs all day? This is the new standard for the jail, court and municipality industries.
Recent(4/10/13) CPSZ article. Are they expanding into the video visitation business too?
http://m.tricountyleader.com/node/45843
Government contracts = Guaranteed revenue = Sustainable business
For all the doubters and haters...
Call the jails directly and ask about the technology and how it has helped them tremendously. ??
Imagine once we have a presence at the DMV and court/judicial markets. $$$ CPSZ! Stay long people. The time will come.
EZCard kiosks will do really well in poverty stricken counties where most people do not have credit cards or are not even citizens for paying their water, electric, and city fees. Lynwood CA already has adopted 2 kiosks for paying water bills. How do drug dealers pay for things? $CPSZ!!
More people are going through jail and more people do not have credit cards and are running on cash. Stay long and strong. Take a look at how profitable Moneygram, NetSpend, and Green Dot are. CPSZ will be next or at least worth more than a half a penny!
The company's priority is focused on expansion and continued growth. The stock will soon follow. Be patient. Working with government is a thorough process and takes time.
On a positive note, some jails completely depend on this kiosk technology for ALL bond and commissary transactions. It is just a matter of time before the new technology becomes the new standard necessity for the correctional market. This company or market will not be going away for a while.
Take a look at this EZ Card installation:
http://www.buchanancosheriff.com/corrections.html
Jennifer also said that EZCard & Kiosk hires former/retired police officers from that specific jail/facility to take out and transport the money from the machines. This greatly ensures that the money will be transported safely and a lower chance of someone stealing it. The retired officers are also more familiar with that specific jail environment. She says that EZCard pays them with a 1099 miscellaneous income form.
Look what happens when you look up the domain information for
www.continentalprisonsystems.com
on GoDaddy.com
Registrant:
EZ Card and Kiosk
1164 Mokapu Blvd.
Kailua, HI 96734
US
Domain name: CONTINENTALPRISONSYSTEMS.COM
Administrative Contact:
Hodge, Ronald ron@ezcardandkiosk.com
1164 Mokapu Blvd.
Kailua, HI 96734
US
+1.5592607400 Fax: +1.0
Technical Contact:
Support, Technical support@hostmysite.com
260 Chapman Road
Suite 205
Newark, DE 19702
US
+1.3027314948 Fax: +1.0
Registrar of Record: TUCOWS, INC.
Record last updated on 23-May-2012.
Record expires on 30-May-2013.
Record created on 30-May-2009.
Here is the link:
http://who.godaddy.com/whois.aspx?k=HWep3CgVgHIKgmjaPmiKanDIK379T8v5EomaT4fkyL7Cy8iLy0OUeYV03dxeaY1DZYzGc7GRj6NrmmTYY3lYBA==&domain=continentalprisonsystems.com&prog_id=GoDaddy