October 6, 2008
Continental Prison Systems Lands Additional Kiosks Contract in Colorado; Initial Response Up 200 Percent Over Expected Usage and Revenues
FRESNO, Calif., Oct. 6, 2008 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (Pink Sheets:CPSZ), a leader in Prison kiosk technology that streamlines the inmate release process and a growing provider of the cost-reducing process for loading funds onto an inmate's account over the internet or through a kiosk, announced today that the EZ kiosk division of Continental Prison Systems, Inc. has successfully completed and signed a further service agreement with an additional 485 bed Colorado prison facility.
Ron Hodge, President and CEO of Continental Prison Systems, Inc. stated, "The second Colorado facility has been successfully installed. Two booking room kiosks and two visiting room kiosks have been installed at this facility. These kiosks have experience significantly greater than expected volumes in the first two weeks. The money loaded onto the inmates' accounts and the bail/fines being paid by both cash and credit card has far exceeded all previous projections. We continue to work with the facility on a daily basis and we will soon bring on our proprietary 'remote' internet based money transfer service. These services include loading funds onto an inmate's trust account and also the ability to pay fines and bail through CPSZ's online site."The EZ exit debit card will follow these services in early November. The facility has expressed the desire to be "100% cashless" by the end of this year. This account will be a tremendous springboard for CPSZ as we aggressively move forward in our negotiations with other facilities and with other strategic partners.
About Continental Prison Systems, Inc. (www.ezcardandkiosk.com)
CPSZ offers Prison Systems financial products and proprietary kiosk technology that streamline the inmate release process and provides for significant cost-reducing processes of loading funds to an inmate's account over the internet or through a kiosk. Bail can also be processed through a kiosk placed in the booking room or online.
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.
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CONTACT: Continental Prison Systems, Inc. Ron Hodge (559) 260-7400 [email protected]