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Ron Hodge, President and CEO of Continental Prison Systems, Inc. stated, "This second Colorado facility adds to the growing number of facilities that want and need CPSZ's innovative products and services. This agreement will allow our EZ kiosk division to begin installing kiosks that include a booking room kiosk, which will handle bookings and bail, a trust fund kiosk that will handle all monies deposited to inmates' accounts and a work release kiosk that will handle all payments related to the work release program. Our online bail and money load services will also be deployed at this facility."
CPSZ expects revenues to exceed $350,000 over the course of the three year contract.
About Continental Prison Systems, Inc. (www.ezcardandkiosk.com)
CPSZ offers Prison Systems financial products and proprietary kiosk technology that streamlines 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Continental Prison Systems, Inc.
Continental Prison Systems, Inc. Ron Hodge: ron@ezcardandkiosk.com
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