General Payment Systems Renews Longest Standing Account in Pueblo County, CO, Asked to Provide RFP for Expanded Services

IRVINE, Calif., Jan. 24, 2014 (GLOBE NEWSWIRE) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has renewed its agreement to provide kiosk-based transactional services to Pueblo County, CO for another three years. The Pueblo County Jail is General Payment Systems' longest standing account, having been installed over five years ago. Additionally, Pueblo County's RFP (Request for Proposal) also included other county payments beyond the scope of the initial services provided.

"We are most grateful to Pueblo County, not just for renewing and looking to expand our time-proven relationship, but for being the first location to bring us live into their institution," stated Ron Hodge, CEO, General Payment Systems. "Pueblo gave us the first case study and working example to use on our pathway to becoming a market leader in the municipal payment space."

"We look forward to providing new services to Pueblo," added Hodge. "The Company's expanded suite of services developed over the years is a strong fit for Pueblo and most of the municipal payment marketplace."

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.

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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: Investor Contact: Integrity Investor Relations (702) 396-1000Source:General Payment Systems, Inc.