General Payment Systems Featured in Article in Orange County Register
October 03 2013 - 8:00AM
General Payment Systems, Inc. (OTC:CPSZD) (the "Company") - a
payment processing technology company that specializes in the $500
billion government payment space, is pleased to announce that the
Company has been featured in a front page article of the Business
Section of the Orange County Register. The feature details the
Company's successes in the cashless payment arena for jails and
other municipal locations.
The article has been made available to investors at the
following link:
http://www.ezcardandkiosk.com/pr/Liberating-jails-from-hassle-of-cash.pdf
"We were very pleased to be recognized by this widely read and
respected newspaper," stated Ronald Hodge, CEO, General Payment
Systems, Inc. "Most importantly, we are pleased that the reporter
recognized that kiosks appear to be an important trend for
government and businesses alike and allowed us to explain our
focused entry into that lucrative arena."
"In the article, I estimated that 90% of our business is
corrections with 10% comprised of 'other' revenue sources and that
within three years I'd like to see that reversed," added Hodge. "I
would like to point out that I do not mean to suggest any reduction
in our corrections business but rather, am optimistic about growth
in the 'other' category."
About General Payment Systems
General Payment Systems Inc. (dba EZ Card and Kiosk) is a
technology company that provides government agencies with
proprietary hardware (Kiosks) and cloud based software systems that
automate the process of collecting payments from the general public
(Cash, Debit and Credit). These systems deliver payment acceptance,
real-time accounting and payment risk-mitigation services. The
company distributes these technologies through direct sales,
channel partners, and various licensed entities.
For more information visit www.ezcardandkiosk.com
To receive future updates regarding General Payment
Systems please send a request to
info@integrityir.com
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 isn't necessarily indicative of its future
performance. The Company doesn't 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.
CONTACT: Investor Contact:
Integrity Investor Relations
www.IntegrityIR.com
(702) 396-1000