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surfkast

09/15/14 10:32 AM

#40161 RE: eleniak #40159

IRVINE, Calif., Oct. 18, 2012 /PRNewswire/ -- Continental Prison Systems, Inc. (PINKSHEETS: CPSZ) a transaction services provider to the correctional and judicial markets in the US, is pleased to announce that effective October 31, 2012, the Company has engaged the accounting firm of dbb McKennon ("McKennon") as its new independent auditors.

Ron Hodge, CEO and President of Continental Prison Systems stated, "The Company will disclose its audited financial statements and the audit report immediately upon issuance by McKennon in order to provide the public with transparency of the financial activities and position of the Company."

Continental Prisons Systems, Inc. expects to complete the audit during Q4 2012.


Stanley71

09/18/14 11:37 AM

#40198 RE: eleniak #40159

"information will come in the form of a press release when the time is right"

We hope it is not timeless wait :-).
PPS waits for no man and it seems back to 0.19 bid...

GPSI contracts are real and it is a real company. BUT that kind of aggressive expansion needs cash and I believe there is associated debtS.. It is a fine balance between capturing market ASAP and still able to contain debt level.

Recently, that expansion seems to have slowed down, which means earning can start to offset earlier expansion debt... And I see this as a good sign....

May be, soon GPSI P&L will look better for a Audited Fin to be announced...

Just my personal opinion, of course...