Continental Prison Systems Confirms Exemption From Money Transmission Licensing Requirements in Colorado and Texas

IRVINE, Calif., March 27, 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 a formal review by the Departments of Banking in Colorado and Texas have affirmed the company's status as a payment processor and its exemption from registration under these state's money transmission statutes.

"We are most pleased to have completed this review by Colorado and Texas where we enjoy a robust business model in our various installations," stated Ronald Hodge, CEO, Continental Prison Systems. "Both departments have fully reviewed our EZCard and Kiosk technology, process and business model and confirmed the company is exempt from licensing as a money transmitter."

"It is also important for the market to understand that Continental is a payment processor, not a money transmitter," added Hodge. "Beyond the regulatory benefits of being positioned as such, processors have historically garnered greater market valuations than that of money transmitters."

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

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CONTACT: Integrity Investor Relations www.IntegrityIR.com (702) 396-1000Source:Continental Prison Systems, Inc.