IRVINE, Calif., Feb. 8, 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 since 2008, is expanding aggressively leading into 2012 with the addition of seven county jail clients during 2011, representing an additional 2,600 'average daily population' of inmates under the EZ Card & Kiosk suite of services.
The counties and states represented in this recent growth, includes: Purgatory, UT; Greene, MO; Smith, TX; Westmoreland, PA; Aurora, CO; Buchanan, MO and Tulare, CA. All of these facilities incorporate one or more of EZ Card & Kiosks' unique cash handling and payment services, including, the Booking process, trust account Money Load and Bail, issuing a Debit Card upon release, through either kiosks at the facilities, or online payment services, accepting cash and credit cards at the kiosks, and credit cards online.
"Over the course of 2011, CPSZ has expanded its total client base to include over 33,000 county jail inmates, representing a market share of approximately 4% of the total 'average daily population' of inmates in the US," according to Gregg Hodge, VP of Sales & Marketing, "allowing for the opportunity to earn an ever growing market share with a number of pending contracts as we enter 2012."
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, through its wholly owned subsidiary, General Payment Systems, Inc. (GPSI), offers innovative financial transaction and alternative payment solutions to the courts, probation, municipal police, healthcare, child support, educational and public utilities markets in the US, designed to streamline and reduce many of the operational, financial management 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 and credit card Money Load funds into the inmate's trust account, accepting and handling the funds related to the Bail process, and then refunding the inmate's trust account balance at the time of their release by issuing a Debit Card. Similar technologies and systems are also applied to the markets GPSI serves, offering the "cashless" solution for the myriad of alternative payments and reporting requirements of these government agencies and private sector companies, 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.