Finishing Wednesday’s trading session 5th in volume, 17th in trades, the OTCMarkets late-filer Continental Prison Systems, Inc. (CPSZ) took traders to the bank. “Go to Jail, Go Directly To Jail, When You Pass Go, Collect Your 200%” was the outcome on CPSZ stock after news announced pre-market fueled the trip-zero penny shares to their largest volume session of the year. With the prison populations not getting smaller, the new deal to get their electronic payment services into another 100 jails just two weeks after completing their 50th installation may have released the shackles from the sliding shares.
After Wednesday, CPSZ shares are now -94.00% below the 52 Week High, 0.03, set one year ago next week, 1,700.00% above the 52 Week Low, 0.0001, set one week ago Monday. Click here for the Year-to-Date CPSZ stock chart.
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CPSZ Stock Chart
Market Cap: 395.62K
Close: 0.0018, up 0.0012 (200.00%)
Dollar Volume: $155,706
Average Trade Size: 379,008
Issued and Outstanding: 297,171,698
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Wednesday, the Company announced a marketing agreement with Archonix, a leading provider of Jail Management Software with an installation base of over 100 facilities across 16 states. Although no financial projections are mentioned, Archonix, under the terms of this agreement, will market Continental Prison Systems Inc.’s payment processing technologies to their existing customer base and promote the technology on a continuing basis as the company expands its significant presence in the industry.
This news came just three weeks after the Company announced it had successfully installed its 50th integration of its proprietary payment processing technology in the Milledgeville, Georgia Police Department. With an investors relations firm hired, as well as an Auditor, back in October, it will be an interesting day to see if and when the Company updates their filings. Crime pays and the Company’s EZ Card & Kiosk financial products and services to a growing jail facilities industry could send CPSZ back to a more reasonable PPS in due course. Until then, the jury is still out on the integrity of these PR’s.
About CPSZ Stock
Continental Prison Systems, Inc. provides kiosks which accept cash and debit or credit cards from an inmate’s family, for the purpose of transmitting funds to the inmate for use while incarcerated to prison facilities. In certain facilities, upon an inmate’s release, the remaining funds in the inmate’s account are loaded to a non-reloadable debit card.
Last 5 Trading sessions:
Bottom Line: CPSZ landed itself on a penny stock website finally after Wednesday’s volume surge. Can the rally continue is the question. f you look at the volume from the last 5 trading sessions on CPSZ stock, this could have been a ploy to move some shares since Monday and Tuesday were building up to yesterday’s session. It would be nice to know if the system works prior to updated filings coming out so any and all of those who wore government issued bracelets who used the EZ Card, please email us.
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