CYOP Signs Agreement With Universal Media Inc.
TUESDAY, JUNE 15, 2004 5:34 PM
- PrimeZone
VANCOUVER, British Columbia, Jun 15, 2004 (PRIMEZONE via COMTEX) -- CYOP Systems International Inc. (CYOS) , the leading provider of online video games and tournaments of skill, is pleased to announce that it has reached an agreement whereby Universal Media Inc. ("Universal Media") will become a Value Added Reseller (VAR) for CYOP.
Universal Media is a full service agency servicing the transportation industry, the traveling public, online companies, and business to consumer companies. The Company specializes in high quality ad placement, direct marketing, branding, and production services for brand marketing and direct response campaigns. Universal Media procures strategic alliances for partnerships, promotions, and advertising on a broad spectrum of media products.
Under the terms of the agreement, Universal Media shall market and sell current and future products for CYOP including channel partnerships, affiliates and licensed users. Universal shall also source out third party game developers for integration into CYOP's licensed CrediPlay Software.
The Company continues with its pro-active policy of seeking out new technologies and maintaining a constant focus on providing quality entertainment by increasing its exposure to interested partners through aggressive sales and marketing approaches. By making use of Value Added Resellers, the Company is able to minimize its expenditures while maximizing new product exposure in the marketplace.
According to DFC Intelligence and the Themis Group, the online gaming industry boasts an anticipated value of $1.4 billion globally this forthcoming year, with $720 million being derived from Asia and $162 million for Europe. This total industry is growing a break-neck pace, and is expected to be valued at $5.5 billion within four years. This growth is being driven in part by the adoption of broadband, and increased accessibility by emerging markets.
CYOP believes that it will be able to capture a small market share of the industry within the next twelve months equating to significant revenues. A market share of one half of one (1/2%) percentage of the gross value of the industry would equate to about $7 million in revenues.
Gross profit margins after direct costs and revenue splits will be in the 20% range. And within four years, the Company feels it is possible to capture a significant percentage of the combined projected market. As an example, 2.0% of the combined projected market equates to gross sales of approximately $110 million.
Patrick Smyth, President of CYOP, commented, "Our goal is to provide a low up-front cost arrangement that allows the Company to generate greater revenue through augmented sales opportunities. And by having Universal Media develop new partnerships with game developers and publishers, we will be able to expand our own product line and boost our competitive advantage by providing our players with greater choices."
About CYOP
CYOP is a developer and provider of online skill-games and services for the online entertainment and gaming industries. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game of skill played over the Internet. CYOP's central games portal, www.skillarcade.com, features virtual sports games, puzzles, card games, action games, strategy, driving, racing and adventure games where people play popular skill games against other players and compete in tournaments to win real money prizes.
For more information please visit www.cyopsystems.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition. This document is not intended to be and is not an advertisement for any securities of the company.
SOURCE: CYOP Systems International Inc
quote:
Originally posted by donb:
I'm feeling a run, I'm getting in early, not going to miss this one again!
Still waiting for the run.
What is wrong with CYOS?
I've send numerous emails with no response requesting information as to their BE listing, etc...
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
JMOT
CYOP Requests Delisting of Unauthorized Listing on Berlin-Bremen Stock Exchange
VANCOUVER, British Columbia, June 21, 2004 (PRIMEZONE) -- CYOP Systems International Inc. (OTCBB:CYOS), the leading provider of online video games and tournaments of skill, announced today that, in consultation with corporate counsel, it has directly requested the Berlin-Bremen Stock Exchange to delist CYOP stock, following its recent listing on that exchange without the consent or authorization of the Company.
The Company has never applied for a listing on the Berlin-Bremen Stock Exchange and was never notified that the listing had occurred. Patrick Smyth, President of CYOP, commented, "We were surprised by the action of the Berlin-Bremen Stock Exchange to list CYOP Systems International Inc. stock without authorization. Furthermore, there are widely reported and serious concerns about the motivation behind those people initiating such actions."
About CYOP
CYOP is a developer and provider of online skill-games and services for the online entertainment and gaming industries. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game of skill played over the Internet. CYOP's central games portal, www.skillarcade.com, features virtual sports games, puzzles, card games, action games, and strategy, driving, racing and adventure games where people play popular skill games against other players and compete in tournaments to win real money prizes.
For more information please visit www.cyopsystems.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition. This document is not intended to be and is not an advertisement for any securities of the company.
CONTACT:
CYOP Corporate
Patrick Smyth
604-626-1975
ir@cyop.org
Affiliate Information:
Craig Owens
614-309-6964
bizdev@cyop.org
quote:
Originally posted by gmoney:
Been in since .022 and have watched this thing get forced down. It's obvious manipulation though ... I'm holding
I got in once at 0.014 and sold at 0.025. Then I bought in again at 0.029.
I pulled this out of it:
The marketplace is already upset over promises by the Berlin Stock Exchange, since broken, that it would delist any company upon request.
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
[This message has been edited by 50DONE (edited June 23, 2004).]
quote:
Originally posted by bulls:
CYOS moving at 9:11 up to .013 on VOL 861,564 already.
didn't see the volume ...
quote:
Originally posted by Breezer:
WHEN is this thing going back to over 2 cents?????
You can always tell what Breezer gets in at when s/he screams 
over 2 cents? LOL
Good luck tommarrow
quote:
Originally posted by rsnws:
From what I have seen on this stock, It will be lucky if it to stays above a penny. LOL
Can you expand on this any? Thanks.
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Could bounce again?
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This is the Sgt. of ARMS saying good day and GOD BLESS all.
quote:
Originally posted by donb:
The chart is looking exactly like it looked when CYOS shot up 200% in one day last time... I am down over 60% on this, but I think I am going to buy up a lot more and average way down... If there is the slightest hint that CYOS has been delisted from Berlin, it's going to explode.
This is a great ask price to jump in on. I too am down on this
quote:
Originally posted by donb:
I got in at .011, which has really strong support. I am hoping the volume will pick up. This price is almost a steal.
I haven't tried to get in yet but that's a great price ...
quote:
Originally posted by gmoney:
I haven't tried to get in yet but that's a great price ...
I'm down about 12%. I sold off some already. I will hold if the .011 supports does not fall. Otherwise I'll just sell. The SB2 does not help matters much. The low volue seems to be a good thing right now. Very few sellers. However, we need buyers becuase the sellers are still outnumbering the buys even on this low volue.
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Be blessed
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Be blessed
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
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FurrySound
-DD-GLTA-Unless I've quoted a source, I know not what I speak of.
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"If We Agree To Disagree, Then We Can Remain friends"
quote:
Originally posted by Doctoall:
50DONE: I am not sure what you are talking about regarding the CYOS website. When I click on your first link cyosystems, it takes me directly to CYOS website and nowhere else. Maybe when you tried the server was busy. There does not appear to be any change with the website either.
You are correct. My ISP for some reason would not load their corp website. It is now loading it fine. My apologies for the misiformation.
I did send an email to the company to find out if a PR is coming out soon.