Continental Prison Systems Adds Kiosks in Broward County, Florida
Date : 06/13/2013 @ 6:00AM
Source : GlobeNewswire Inc.
Stock : Continental Prison Systems, Inc. (PN) (CPSZ)
Quote : 0.007 0.0005 (7.69%) @ 10:15AM
Continental Prison Systems, Inc. (OTC:CPSZ) - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that it has been asked to expand its presence and services provided in correctional facilities located in Broward County, Florida. The expansion represents an increase in revenue potential equal to or greater than a number of Continental's current accounts.
In total, Continental will deploy four additional kiosks to accept cash at the time the inmate is booked at the facility, bringing the total to nine kiosks. By using Continental's proprietary technology, the intake/booking process will be expedited and can potentially save the jail hundreds of man hours reconciling cash on a monthly basis. The kiosks are set to launch June 19, 20, and 21 of 2013.
"The announcement of our increased presence in Broward County is a welcome addition to our revenue line and to increasing our presence in this very large county and in Florida in general," stated Ron Hodge, CEO, Continental Prison Systems. "It affirms our appeal to these institutions who are embracing our technology as a means to improve efficiency and reduce costs in their facilities."
"Additionally, Continental is finding that it has established three lines for continued expansion," Hodge added. "First, our in-house sales team led by senior management continues to drive opportunity and new agreements. But we are also experiencing organic growth from facilities like Broward County which want more technology provided by Continental. Lastly, and perhaps most significantly, our valued channel partner Archonix has been highly productive in delivering contracts in new regional markets where Continental had limited or no business presence."
"The confluence of these new business lines has created an expansion of the use of Continental's technology that is unprecedented in our history," Hodge added. "We look forward to communicating further successes as contracts are signed and we are allowed to report the events."
About Continental Prison Systems
Continental Prison Systems Inc (dba EZ Card 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
To receive future updates regarding CPSZ please send a request to info@integrityir.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
