Continental Prison Systems, Inc. (OTCPK:CPSZ) announced that it will receive $400,000 in funding on June 17, 2013. The company will issue convertible debt to investors. James Stanley and William Watson III of Finance 500, Inc. will serve as placement agent to the company and will receive $67,000 and 500 warrants to purchase 25% of the shares of common shares of the company.

The round will see participation from one investor. The company will issue securities pursuant to exemption provided under Regulation D.