Continental Prison Systems Issues Shareholder Update
January 30 2013 - 8:00AM
Continental Prison Systems, Inc. (OTC:CPSZ) a payment processing
technology company that specializes in the $500 billion government
payment space, is pleased to provide shareholders with a brief
update regarding 2012 and the near future.
"We are pleased with the tremendous growth of our revenue base
and operational capabilities in Fiscal Year 2012. We surpassed
internal expectations and are now poised to increase our rate of
expansion as we enter Fiscal Year 2013," stated Ronald Hodge, Chief
Executive Officer of Continental Prison Systems. "After expanding
our base to over 50 installations, we are confident that our
systems can sustain higher rates of growth, larger transactional
volumes and various payment types. We are looking forward to
leveraging our new channel partners and their ability to sell our
products as we drive increased market share."
"The company has proven its ability to process a variety of
payments via its payment portals, including utility payments,"
Hodge added. "We believe that in addition to the revenue that this
provides that it also helps to expand value for Continental's
brand."
"We do believe that it may be necessary to seek additional
outside funds to continue our rapid expansion and to capture market
opportunities as they arise," said Hodge. "We will be most prudent
and efficient in selecting our financing partner."
"In addition to our continued growth, we took steps to enhance
our transparency. Adding Integrity Investor Relations provides us
with a highly-skilled, professional and accessible means through
which we can communicate and service our valued shareholders.
Moreover, we are working diligently to complete a full audit that
we can then share with the investing public. It is my personal
expectation that this document will be available in the first half
of 2013 barring an unforeseen event."
"In closing, we want to thank our team and our close-knit group
of service providers who believe in what we're doing and lend their
skill and expertise to Continental Prison Systems," Hodge added.
"But most importantly, we want to thank each and every shareholder
who has stuck with us through the bumpy ride that can be investing
in microcap stocks in public markets. We will do our very best to
deliver long term value to our investors."
About Continental Prison Systems
Continental Prison Systems Inc (dba EZCard 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
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