IRVINE, Calif., Sept. 5, 2013 (GLOBE NEWSWIRE) -- General Payment Systems, Inc., dba EZ Card and Kiosk (OTC:CPSZD) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has entered into an agreement to provide its kiosk technology to the Lynchburg, VA detention center beginning in early October.
As a result of the successful launch of the EZ Exit debit card a few months ago, the Lynchburg, VA Adult Detention Center has requested the installation of the Company's kiosk services. This will allow General Payment Systems to participate in additional revenue-generating transactions at Lynchburg through the installation of a lobby kiosk for money load payments, a booking room kiosk for the collection of all cash and coin that enters the facility and other components of the General Payment Systems technology portfolio.
"We are very pleased to expand our efforts at the Lynchburg Detention Center," stated Ron Hodge, CEO, General Payment Systems. "It is very satisfying to have a facility ask us for more support after an initial and successful introduction of our technology. We look forward to assisting Lynchburg with all of their payments needs."
About General Payment Systems
General Payment 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:General Payment Systems, Inc.