IRVINE, Calif., May 13, 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 it has contracted with St. Louis County in the State of Minnesota to install its cashless transaction kiosks in three separate jails within the county, including Duluth's facility. Under the terms of the agreement, Continental Prison Systems will implement various 'cashless transaction' services via a booking room kiosk, a lobby kiosk, and using the EZ Card and Kiosk release debit card program. "We have been working diligently to gain traction in the Minnesota market and now we have contracted for three separate installations," stated Ronald Hodge, CEO, Continental Prison Systems. "Due to its size, the St. Louis County Jail in Duluth, MN will be the anchor account." "We are hopeful that Minnesota will follow other states where our initial installations were followed by other installations in the state as has been the case in Colorado, Utah, and Michigan," added Hodge. "It is becoming evident that our two-prong approach to signing new accounts by using our internal sales team and channel partners is the quickest way to increased market share." 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 To receive future updates regarding CPSZ please send a request to email@example.com 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 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.
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