IRVINE, Calif., May 2, 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 it has signed an agreement to provide payment processing to the 512 bed Butler County Prison in Butler County, Pennsylvania. The agreement calls for multiple kiosk installations in the correctional facility. Among the services to be provided are Money Load, Bail, and Debit Release Card solutions.
"The addition of Butler County Prison is a significant addition to our ever expanding portfolio of institutions using our technology," stated Ronald Hodge, CEO, Continental Prison Systems. "Led by Archonix's powerful relationships in the region we are continuing to effectively penetrate and to drive revenue for the benefit of our shareholders."
"We view each of these events as both a clear value-add and a catalyst," added Hodge. "For us, the deal validates our trust and faith in Archonix and their reach, but these deals singularly become advertisements for our technology to a market that frequently looks to its peer group for guidance. And we are clearly and successfully filling an important need in the modern jail and prison system."
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
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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: Integrity Investor Relations www.IntegrityIR.com (702) 396-1000Source:Continental Prison Systems, Inc.