IRVINE, Calif., Oct. 3, 2013 (GLOBE NEWSWIRE) -- General Payment Systems, Inc. (OTC:CPSZD) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has been featured in a front page article of the Business Section of the Orange County Register. The feature details the Company's successes in the cashless payment arena for jails and other municipal locations.
The article has been made available to investors at the following link:
"We were very pleased to be recognized by this widely read and respected newspaper," stated Ronald Hodge, CEO, General Payment Systems, Inc. "Most importantly, we are pleased that the reporter recognized that kiosks appear to be an important trend for government and businesses alike and allowed us to explain our focused entry into that lucrative arena."
"In the article, I estimated that 90% of our business is corrections with 10% comprised of 'other' revenue sources and that within three years I'd like to see that reversed," added Hodge. "I would like to point out that I do not mean to suggest any reduction in our corrections business but rather, am optimistic about growth in the 'other' category."
About General Payment Systems
General Payment 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
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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: Investor Contact: Integrity Investor Relations www.IntegrityIR.com (702) 396-1000Source:General Payment Systems, Inc.