IRVINE, Calif., Jan. 26, 2012 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (Pink Sheets:CPSZ), dba EZ Card & Kiosk, the industry leader in offering financial transaction services to the correctional and judicial markets in the US, announced today that two unaudited financial statements have been posted at www.pinksheets.com for fiscal year end 12/31/10 and the first three quarters of 2011, ending 9/30/11. The Company intends to continue posting unaudited financial statements on a quarterly basis within 60 days of the end of each calendar quarter.
For additional information about EZ Card and Kiosk solutions, please visit our website at www.ezcardandkiosk.com.
About Continental Prison Systems, Inc.
Continental Prison Systems Inc. (CPSZ), dba EZ Card & Kiosk, has been providing kiosk and internet payment services, as well as inmate release debit card products as a full-suite solution for the creation and management of "Cashless Jail Technology" since 2008. In addition, the company offers innovative financial transaction and payment handling solutions to the courts and probation departments in the US, designed to streamline and reduce many of the operational and personnel costs required to properly manage these facilities. Via its proprietary software, teamed with customized kiosk hardware and online website services, EZ Card & Kiosk provides a "cashless" solution to the jail market for the booking process, collecting and depositing cash holdings of funds into the inmate's trust account, and then refunding their money at the time of their release. This same technology and systems is also applied to the court and probation markets, offering the "cashless" solution for the myriad of alternative payments and reporting required by these government agencies, relieving them of many operating cost overheads, as well as further reducing errors and liabilities.
The Continental Prison Systems, dba EZ Card & Kiosk, logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6483
Note Regarding Forward-Looking Statements
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 is not necessarily indicative of its future performance. The Company does not 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.