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Ron Hodge, President and CEO of Continental Prison Systems, Inc. recently attended the Texas Jail Association Show. Vendors that visited CPSZ's booth all showed strong interest in each of our Prison programs. They included commissary vendors, facility payphone providers, and vendors that provide Jail facilities with their Jail Management System (JMS) software. Numerous contacts were made and follow up visits to the facilities have begun.
Following the Conference, Ron Hodge, President and CEO of CPSZ visited with three Texas vendors: a commissary company, a payphone provider and a Texas facility. The payphone provider has over 140 facilities spread over Texas, Louisiana, Oklahoma and Tennessee and is interested in all of CPSZ's EZ division programs. Mr. Hodge has instructed EZ division's IT departments to immediately coordinate with the payphone provider's IT personnel to synchronize the integration of EZ programs directly into their systems. The Texas payphone provider informed CPSZ that an estimated four Jail facilities would immediately result in installation of services after completion of the contract.
Furthermore, a commissary company that has 15 facilities under contract is prepared to authorize EZ divisions to install both Kiosk and Debit card programs at two of their contracted facilities.
During the Texas swing, Mr. Hodge also spent a day in a 400 bed facility that has asked CPSZ's EZ divisions to install four kiosks in their facility for purposes of accepting the high volume ($400,000) of cash bail that is processed through their facility monthly.
Continental Prison Systems, Inc. President and CEO Ronald Hodge stated, "CPSZ's projected annual revenue from just two of the 15 Commissary facilities, four of the payphone company's 140 locations and the Texas 400 bed Jail, when installed, should exceed $800,000."
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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