February 09, 2012 07:30 ET

Continental Prison Systems, Inc. (CPSZ) Expands Client Base in a $37 Billion Market

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - Feb 9, 2012) - Continental Prison Systems, Inc. (PINKSHEETS: CPSZ) dba EZ Card & Kiosk, the industry leader in offering financial transaction services to correctional and judicial markets in the US, announced they are expanding aggressively and have secured nearly 4% of the total daily population of inmates in the US. Continental hopes to see the same success that companies like Corrections Corp of America (NYSE: CXW), The Geo Group (NYSE: GEO) and Consolidated Communications Holdings (NASDAQ: CNSL) have gained through being involved in correctional facilities.

IBIS World reports that the Correctional Facility Market size is over $36 billion dollars and expected to continue to grow. As of 2009, an estimated 1% of the US adult population was incarcerated, with nearly 3.1% under correctional supervision. This provides a tremendous target market for Continental to have utilize their proprietary systems.

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