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Press Release Source: CYOP Systems International Inc.
CYOP Systems Plays to Gaming Market of 50 Million People in United States Monday February 7, 6:43 pm ET Video Skill Games at skillarcade.com Easy to Play and Enjoy
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 7, 2005--CYOP Systems International Inc. (OTCBB:CYOS - News), a leading provider of online video games and tournaments of skill, publicized today the estimated projections of numbers of players of online games. ADVERTISEMENT
Since 1997, the online gamer population has leapt from 5.5 million to 50 million, according to Forrester Research Inc., a Cambridge, Mass., technology consultancy. In the United States, 28 percent of all Internet users visit a video game site and more than 4.8 million play video games over the Internet according to NetValue.
Although men still dominate the gaming world, the majority of mainstream online game players are women. Over 55% of all activity on the five largest game sites was by women. And the average age of online gamers continues to increase. Part of this is due to the overall increase in the proportion of Baby Boomers in the general population. Another factor is that there are more computers in the hands of the older generation. As this group becomes more comfortable with computers they begin to discover games as an entertainment resource. Since they are less likely to own game consoles, online games have become an entry path to the world of games, and a stepping-stone into virtual entertainment.
The myth that most gamers are children also seems to defy changing gaming demographics. In reality, nearly 75% of PC gamers are adults, with only 30% under the age of 18. The Forrester Report indicates that 25% of the on-line population plays games on-line, are 49% woman and 51% men, and have a median age of 39. On-line gamers generate an average yearly income of $49,000/year and play an average of 13 hours/week.
Here's how it works: A customer enters a gaming site powered with CYOP's licensed software; CrediPlay. The consumer opens an account by completing an information form. A credit card is used to deposit a minimum of $5.00 USD, although larger deposits may be made.
The gamer wants to play a tournament of skill and chooses a game to play. All games integrated with CrediPlay are approved as games of skill versus games of chance. The Tournament Entrance Fee and the Network Maintenance Fee are posted along with the minimum number of players and a time limit on the tournament. The customer opts to play the tournament and the fees are debited from the gamer's account. If the gamer wins the tournament, his or her account is credited with the total amount of the Tournament Entrance Fee from the tournament.
Tournaments generally run no longer than five minutes and involve five people on average.
Mitch White, CEO of CYOP, commented, "The growth of I-Gaming commerce, coupled with the overall increase in the Internet population, will provide substantial traffic and income to the company. A strong marketing foundation is being established to enable positive growth of memberships and revenue by constantly examining strategies moving forward and looking at the future. And maintaining excellent customer focused service will continue to be the most critical element of our success."
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 games where people play popular skill games against other players and compete in tournaments to win real money prizes.
Posts: 150 | From: bham,alabama,usa | Registered: Jun 2004
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