Continental Prison Systems Adds Two More Installations
Company Presence Expands to 52 Revenue Generating Locations
IRVINE, Calif., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Continental Prison Systems, Inc. (CPSZ) - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce the addition of two more installations of its proprietary payment system, bringing the company's overall presence to 52 locations.
"We continue to work diligently to expand our presence in the municipal payment market," stated Ronald Hodge, Chief Executive Officer of Continental Prison Systems. "Our successes in previously installed locations are making it easier to persuade new prospects to adopt our technologies. The case studies and results are quite strong and our traction and acceptance is growing. We believe we are on our way to becoming the default payment processing technology in the municipal arena."
"Additionally, management of the company wishes to inform the market that senior management to date, has yet to sell a personally held share," Hodge added. "We are in for the long haul and are focused on our current business development and to finishing our financials and becoming a fully reporting public company as soon as is practically possible."
SUTI (SUTIMCo International, Inc) .0008
Contact Info
515 Cabrillo Park Drive Suite 300
Santa Ana, CA 92701
Website: http://www.suti.com/ Phone:
52 week low .0003
52 week high .23
Average Vol (3m) 14,136,248
As per last filings
Common stock; $0.001 par value; 950,000,000 shares authorized;
291,266,811 shares issued and 291,250,144 outstanding as of
September 30, 2012, and 32,637,213 shares issued and 32,617,706
outstanding as of December 31, 2011, respectively
291,266,811 shares issued and 291,250,144 outstanding as of
September 30, 2012, and 32,637,213 shares issued and 32,617,706
outstanding as of December 31, 2011, respectively
Business Description
SUTIMCo International, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. SUTIMCo International, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, SUTIMCO can avail itself of the encyclopedic, inform…
“The SUTIMCo Difference”
SUTIMCo is a “product launch” company and it manages joint ventures between universities, investors, and itself. Product launch is more than just product development or new product marketing. It combines product definition, technical development, marketing and sales and human development and team building. The output of the process is a “company” or “division” which is stand alone and can be sold. It services clients brought to it by SUTI Holdings LP under the terms of a Venture Acceleration Agreement. In order to be efficient the projects are jointly selected and vetted by both parties.
“SUTIMCo’s Keys to Success!”
SUTIMCo’s key to success is reduced cycle time – not just time to market – but actually time to profit.
Projects are assigned to a Business Unit. Business Units consist of 4 projects, these business units are usually related to compatible markets or common technologies.
The Business Unit is headed by a COO with Vice Presidents of Marketing, Engineering and Administration all reporting to him. Each of those people provides management and leadership to all four projects in the Business Unit. Each project will have a fully dedicated VP of Business Development and the Business Unit will have 6 – 9 additional support staff, not counting specialized staff the Portfolio Company might require. All the employees of the Business Unit are employees of SUTIMCo.
Business Units are to be placed around the country, and the goal of SUTIMCO international is to create as many Business Units as possible, since each is independent. Presently the plan is to have Business units in Orange County California, Fairfax County Virginia, Denver Colorado, Connecticut, and Northern New Jersey with possible units in San Diego, Seattle, Orlando, Dallas and Indianapolis.
“SUTIMCo’s Objective”
SUTIMCo provides dedicated, experienced support to position each of our portfolio companies for rapid commercialization. The objectives are:
- Cumulative revenues over 5 years of $150 million
- High margins
- Accelerated prototype production
- Product design and development to take no longer than 12 months
- Cash flow breakeven by the third year
- Profitable in the third year
- Clear exit strategy
CHART SETUP : CLEARLY HAS BROKEN DOWN TREND
Watch for the stock to consolidate above the 50 day moving average of .0007 and close above .0011 , plenty of room on the upside 200 Moving Day average sits at .0151
Key Points
-Recent filings Jan 8, 2013 stock is active
- The stock coming off recent lows of .0003 and had a strong bids constantly building
-Money Flow increasing
- Low share structure
-Closed above the 50 day moving average of .0007 strong support and 200 Moving average is .0154 a lot of room for potential profits
-Real Business Plan and solid website
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