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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."