IRVINE, Calif., Aug. 19, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (OTC:CPSZ) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company's transactional volume for the second quarter of 2013 is once again a record number, continuing a pattern of transactional growth. For the second quarter, the Company reported 176,117 transactions, a record total for any quarter in the Company's history.
Historical transactional volume, in number of transactions is as follows:
2010: 238,339 transactions
2011: 399,261 transactions
2012: 526,366 transactions
Q1 2013: 172,262 transactions
Q2 2013: 176,117 transactions
"We continue to expand our service offering in facilities nationwide as evidenced by a record number of transactions for the second quarter of 2013," stated Ron Hodge, CEO, Continental Prison Systems. "The increasing interest in our technology as a means to facilitate municipal payments is certainly a factor in our transactional growth and an affirmation of our new moniker, General Payment Systems, Inc and new trading symbol, GPSI."
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.