IRVINE, Calif., July 1, 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 increased its average daily kiosk inventory consistent with market demand and the company's ongoing growth initiative. The increase better positions the company to deploy more rapidly into its expanding municipal lines of business. Additionally, the company has increased staff to support current and expected kiosk demand.
"This inventory surge greatly improves our ability to support our channel partners as they continue to penetrate the markets and shortens the sales cycle," stated Ron Hodge, CEO, Continental Prison Systems. "By maintaining a larger inventory, the company will be able to launch new accounts in a shorter period of time which helps our sale professionals in closing those accounts. It also allows us to provide a near immediate solution to the market when the need arises and allows us to deploy without delay so that our technology can be attached to any new ERP (Enterprise Resource Program) installation that is currently in progress."
"We are now looking at the sales cycle and history in volume and trying to predict the market demand for our kiosks based on past sales success ratios," Hodge added. "And we are also working on some new design innovations that should increase our ability to further penetrate the vast municipal market."
About Continental Prison Systems
Continental Prison 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: Integrity Investor Relations www.IntegrityIR.com (702) 396-1000Source:Continental Prison Systems, Inc.