IRVINE, Calif., March 14, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (OTC:CPSZ) - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that is has completed and released the latest version of its proprietary payment software via EZAP 2.1.
The new software upgrade allows multiple credit card processors to be used from the same hardware system such as a kiosk. Most importantly, the release allows Continental to better integrate with existing government platforms, thus enabling the company to take a more diverse array of municipal payments.
"Today's release is a testament to our talented engineering team which is perpetually looking for ways to improve the user experience, the benefit to the institution, and to increase revenue for our shareholders," stated Ronald Hodge, Chief Executive Officer of Continental Prison Systems. "Through this release, more customers will be able to use Continental via the preferred credit card method."
"And this release is yet another step in our continual transition to accepting all possible municipal payments, not just those in the jail and prison context," Hodge added. "EZAP 2.1 makes it easier going forward to apply our systems in existing and newly signed municipalities. We are truly focused on becoming a one-stop municipal payment processor and capturing market share in that vast arena."
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
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) 396-1000Source:Continental Prison Systems, Inc.