IRVINE, Calif., July 16, 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 the company has retained Finance 500, Inc, a FINRA licensed broker-dealer and investment banking concern as a financial advisor.
In this capacity, Finance 500 will advise Company management on financing structures and strategic initiatives with the goal of increasing shareholder value. The strategic initiatives include the effective engagement of a potentially broader institutional shareholder base, strategies intended to increase trading liquidity, evaluating various strategic capital markets initiatives and opportunities to pursue other trading markets for the Company's stock.
"After a lengthy vetting of multiple qualified financial firms we are confident that Finance 500 has the resources and relationships needed for Continental Prison Systems to take the next step in its corporate development," stated Ron Hodge, CEO, Continental Prison Systems.
"We are excited to include Continental Prison Systems, Inc. in our expanding roster of corporate advisory clients," said William Watson, Vice President of Corporate Finance for Finance 500. "Continental Prison Systems is exactly the kind of Company we love to work with. They have discovered how to solve problems in the government payment space that is part of a $500 Billion market. We think that by assisting the company with their capital markets initiatives we can help Continental become the success story that their investors have been hoping to see. We look forward to supporting Continental Prison's management team in our capacity as financial advisor."
About Finance 500
Since 1982, Finance 500 has provided equity and fixed income products and services to both large institutions and individual investors, and its investment banking division consults corporations on cash flow and capital needs. Additionally, the firm offers a full range of investment products to retail clients in all 50 states and abroad. With little fanfare and much hard work, Finance 500 has built a solid foundation in the securities and investment industry, earning a reputation as "The Quiet Giant in Financial Services."
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.