LAS VEGAS, Sept. 14, 2011 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (Pink Sheets:CPSZ), dba EZ Card & Kiosk, the industry leader in offering financial transaction services to the correctional and judicial markets, has accepted the resignation of Tom Knowles as a sitting member of the Board of Directors. Due to other work commitments and obligations, Mr. Knowles has found it difficult to budget time to his duties as a Board member.
Per Mr. Knowles, "I regrettably came to this decision, based on my personal and professional work load, but I have always, and will continue to actively identify new and potential users of the EZ Card and Kiosk services and technology." He added, "Through my many professional relationships in the law enforcement, judicial and local government agencies, I and my colleagues will continue in our endeavors to promote the unique financial transaction services that EZ Card and Kiosk offers the correctional and judicial facilities around the country."
"Over the past two years, Tom has brought his wide range of professional skills and industry knowledge to the Board of CPSI. He has always contributed to the ongoing success of CPSI and will be missed," said Ron Hodge, Chairman and CEO of CPSI. "Our entire organization wants to thank him for his efforts and wish Tom much success in the future."
For additional information about EZ Card and Kiosk solutions, please visit our website at www.ezcardandkiosk.com/">www.ezcardandkiosk.com.
About Continental Prison Systems, Inc.
Continental Prison Systems Inc. (CPSI), dba EZ Card & Kiosk, since 2008, has been providing kiosk, internet payment and release debit card services as a full-suite solution for the creation of a "Cashless Jail." The company also offers innovative financial transaction and payment handling solutions to the courts and probation departments in the US, designed to streamline and reduce many of the operational and personnel costs required to properly manage these facilities. Via its proprietary software, teamed with customized kiosk hardware and secure website services, EZ Card & Kiosk provides a "cashless" solution for booking, collecting and depositing cash holdings of funds into the inmate's trust account, and then refunding their money at the time of their release, for the county jail market. This same technology and systems is applied to the court and probation markets, offering the "cashless" solution for the myriad of alternative payments and reporting required by these government agencies, relieving them of many operating cost overheads, further reducing errors and liabilities.
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Note Regarding 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 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.