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---CYOS---THERE IS MORE TO THIS THAN THE LAUCNH. ALSO, ON KENO.COM THEY HAVE A MULTI-PLAYER POKER FOR MONEY GAME THAT SAYS COMING SOON. PATRCIK SMYTH IS THE PRESIDENT OF GGTS WHICH OWNS KENO.COM....THE ? IS WHAT OTHER NEWS IS COMING WITH THIS LAUNCH.HEARING ALOT OF DIFFERENT THINGS WITH SINA.HOPEFULLY THIS IS REAL, SO TIRED OF THIS GAME THESE PEOPLE PLAY WITH THESE STOCKS. IT WOULD BE NICE TO SEE SOMETHING REAL..... MM'S HAD AGREAT TIME WITH THIS STOCK THIS WEEK, NITE AND SCHWB HOLDING HANDS ALL WEEK.ALSO ON THEIR WEBSITE CYOP SYSTEMS IT SAYS THEY HAVE ACQUIRED MERCHANT PROCESSOR'S SUCH AS PAYPAL,VISA,AND 1-900.
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CYOP Launches TenSeatPoker.com Internet Poker Site Ready for Cash Play Monday June 20, 9:20 am ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 20, 2005--CYOP Systems International Inc. (OTCBB:CYOS - News), a leading provider of online gaming software, is pleased to announce it has launched its Internet poker software for play at www.tenseatpoker.com operated through the company's UK subsidiary Red Felt Software Inc. The previously announced non-downloadable Texas Hold'em poker game at TenSeatPoker.com is ready for cash play, meaning players do not have to install large files on their computers. A secure transaction system has been developed with multiple layers of security and redundancy, allowing players to use multiple forms of payment.
As reported by the UK Register: "In the two years since online poker first tempted punters, the industry has grown from $100,000 in gross rake per day in January 2002 to between a staggering global $2m and $2.5m."
More than 200 online poker sites collectively are generating about $3 billion a year in revenues, equal to 60% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip." An estimated 1.7 million players are active online, meaning they've played in the past six months. And about 150,000 people play on an average day, according to PokerPulse.com.
And, online gaming company PartyGaming PLC has set an indicative price range for its initial public offering at 111 pence to 127 pence a share, implying a market capitalization of GBP 4.76bn ($8.6bn) using the mid-point of the range. This will be enough to leap the company into the UK's benchmark FTSE 100 index on its debut.
Mitch White, CEO of CYOP, commented, "We are happy to have taken CYOP's poker out of development and into revenue. The amount gambled on poker websites around the world in 2005 is estimated to be more than USD $60 billion, and the commission revenues around USD $3 billion. CYOP intends to begin marketing its software immediately to the end user and through business partnerships with existing gaming sites and portals."
About CYOP
CYOP is a developer and provider of online skill-games, poker and services for the online gaming industry. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game played over the Internet. CYOP's central games portal, www.skillarcade.com, features virtual games where people play popular skill games against other players and compete in tournaments to win real money prizes. CYOP's Poker Software may be viewed at www.redfelt.com, and its play for cash site at www.tenseatpoker.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, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, and risks associated with competition.
Play Games. Win Games. Make Money. (TM)
-------------------------------------------------------------------------------- Contact: CYOP Systems International Inc. Patrick Smyth, 310-248-4860 Patrick@cyop.org
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CYOP Launches TenSeatPoker.com Internet Poker Site Ready for Cash Play
June 20, 2005 09:20:02 (ET)
BEVERLY HILLS, Calif., Jun 20, 2005 (BUSINESS WIRE) -- CYOP Systems International Inc. (CYOS, Trade), a leading provider of online gaming software, is pleased to announce it has launched its Internet poker software for play at www.tenseatpoker.com operated through the company's UK subsidiary Red Felt Software Inc.
The previously announced non-downloadable Texas Hold'em poker game at TenSeatPoker.com is ready for cash play, meaning players do not have to install large files on their computers. A secure transaction system has been developed with multiple layers of security and redundancy, allowing players to use multiple forms of payment.
As reported by the UK Register: "In the two years since online poker first tempted punters, the industry has grown from $100,000 in gross rake per day in January 2002 to between a staggering global $2m and $2.5m."
More than 200 online poker sites collectively are generating about $3 billion a year in revenues, equal to 60% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip." An estimated 1.7 million players are active online, meaning they've played in the past six months. And about 150,000 people play on an average day, according to PokerPulse.com.
And, online gaming company PartyGaming PLC has set an indicative price range for its initial public offering at 111 pence to 127 pence a share, implying a market capitalization of GBP 4.76bn ($8.6bn) using the mid-point of the range. This will be enough to leap the company into the UK's benchmark FTSE 100 index on its debut.
Mitch White, CEO of CYOP, commented, "We are happy to have taken CYOP's poker out of development and into revenue. The amount gambled on poker websites around the world in 2005 is estimated to be more than USD $60 billion, and the commission revenues around USD $3 billion. CYOP intends to begin marketing its software immediately to the end user and through business partnerships with existing gaming sites and portals."
About CYOP
CYOP is a developer and provider of online skill-games, poker and services for the online gaming industry. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game played over the Internet. CYOP's central games portal, www.skillarcade.com, features virtual games where people play popular skill games against other players and compete in tournaments to win real money prizes. CYOP's Poker Software may be viewed at www.redfelt.com, and its play for cash site at www.tenseatpoker.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, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, and risks associated with competition.
Play Games. Win Games. Make Money. (TM)
SOURCE: CYOP Systems International Inc.
CYOP Systems International Inc. Patrick Smyth, 310-248-4860 Patrick@cyop.org Copyright Business Wire 2005
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MM's need shares I believe. I think it may come down, I could be wrong, but I wasn't going to risk what I had.
It's all a market maker game now.
The weird thing was as soon as I put my shares up for sale, the MM's came to get them at or slightly above the ask. The PPS came up from .0625 to .065 during my selling period. I came out in three chunks
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No offense, but CYOS just made this rise from sub .01 range. I unfortunately bailed too early for this nice gain (##!@#@). I won't get stuck in this again, and I will bet that many people on the CYOS band wagon feel the same way.
Or give us concrete $$$ to go on. CYOS news dries up in a hurry. Product? Hm? PLNI is, for example, a company with a product that's hot. Don't own any PLNI yet, but that's changing as we speak.
Just warning some others, watch out for CYOS trap. I could not with good conscience buy at these levels.
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