Continental Prison Systems Signs New Colorado Contract
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FRESNO, Calif., Aug. 27, 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 and EZ Card divisions of Continental Prison
Systems, Inc. have successfully completed and signed a service agreement with a
550-bed Colorado prison facility.
Ron Hodge, President and CEO of Continental Prison Systems, Inc., stated, "This
agreement will allow our EZ divisions to begin installing EZ Card and EZ kiosks
that include a booking kiosk which will handle bookings and bail, a trust funds
kiosk that will handle all monies deposited to inmate accounts, as well as
online bail trust fund loads and EZ Cards debit release card. CPSZ expects
financial services revenues during the initial three-year term to exceed
$400,000.00."
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.
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CONTACT: Continental Prison Systems, Inc.
Ron Hodge
ron@ezcardandkiosk.com
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