Continental Prison Systems (CPSZ) Stock popped 117% today on heavy volume and is today's hot penny stock. The company released the following news this morning which caused traders to buy the stock.
Continental Prison Systems Enters Into Agreement With Archonix
Continental Prison Systems, Inc. (CPSZ) a technology company which provides unique payment solutions to government agencies, has entered into a marketing agreement with Archonix, a leading provider of Jail Management Software (JMS) with an installation base of more than one hundred (100) facilities across sixteen (16) states. Under the terms of this agreement, Archonix 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.
"We are pleased to be providing our payment solutions and related software through Archonix Public Safety Software's established marketing channels," said Ronald Hodge, Chief Executive Officer of Continental Prison Systems. "The Archonix brand name is associated with high quality and cutting edge solutions in the public safety space and this marketing agreement immediately proved valuable as it led to the deployment of Continental Prison System technology at two facilities with a total of 1,700 beds."
CPSZ will have support at $0.001 and resistance up at $0.0016 for the rest of the week. After $0.001, watch $0.0007.
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