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Monday, 08/19/2013 8:40:05 AM

Monday, August 19, 2013 8:40:05 AM

Post# of 45504
IRVINE, Calif., Aug. 19, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (CPSZ) (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 second quarter of 2013 is once again a record number, continuing a pattern of transactional growth. For the second quarter, the Company reported 176,117 transactions, a record total for any quarter in the Company's history.

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


"We continue to expand our service offering in facilities nationwide as evidenced by a record number of transactions for the second quarter of 2013," stated Ron Hodge, CEO, Continental Prison Systems. "The increasing interest in our technology as a means to facilitate municipal payments is certainly a factor in our transactional growth and an affirmation of our new moniker, General Payment Systems, Inc and new trading symbol, GPSI."