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CYOP Systems Purchases Online Gaming Software Tuesday December 20, 9:30 am ET Suite of 40 Internet Casino Games and SportsBook Software in 9 Languages Included in Acquisition
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 20, 2005--CYOP Systems International Inc. (OTCBB:CYOS - News), a provider of online gaming software and operator of games portals, is pleased to announce an executed agreement with FutureBet Systems Inc., to purchase 40 online casino games and SportsBook software and platform for $1,200,000.00 on terms. Some of the casino features are an icon driven menu system, an intuitive Quick Menu that allows the user to jump from game in a single click, higher graphics resolution and many other industry revolutionizing features. The software is offered in an Instant Play/No download Flash version and a stand alone Windows application that is the smallest download online.
The games have been translated in the following 9 languages: Japanese, Spanish, French, Dutch, German, Italian, Korean, Russian, and English.
Casino games that will be in the Company's tournament software include:
Blackjack American Roulette European Roulette Mini-Baccarat Deuces Wild Video Poker Jacks or Better Video Poker Joker Wild Video Poker Classic Slots Cash Bash Slots Caribbean Poker Ride On Poker Pai Gow Poker Craps Casino War Red Dog Three Card Poker The Internet Sports Wagering Software covers North American and International sports and events. The software purchase also includes a full suite of reporting tools designed especially for licensing to third parties.
The Company now has a suite of games that rivals the depth of proprietary software for companies such as SportingBet PLC, Chartwell Technology Inc., CryptoLogic Inc. and WorldGaming PLC.
With its cross platform of brands including flash casino games, downloadable casino games, sports betting software and skill games, CYOP now has the opportunity to build a truly global presence.
The new version of games and the platform will be linked into CYOP's licensed CrediPlay tournament system allowing for multiplayer use as well as single-player. The Company also has agreements in place with payment processors to integrate multiple online ecommerce options.
A link to a version of the software that CYOP is purchasing may be found at the practice mode of http://casino.cyopsystems.com, while the purchased version will be integrated into the Company's platform and will be operational shortly.
The online gambling industry is the fastest growing industry on the Internet. Global revenues from online gambling will reach USD $15 billion in 2006, up from USD $10 billion in 2005 and USD $7.0 billion last year. According to Christiansen Capital Advisors, LLC for the five-year period from 2005 to 2009, it is estimated that revenues generated by the global online gaming market will increase to approximately $22.7 billion, representing a compound annual growth rate of approximately 22 per cent.
Mitch White, CEO of CYOP, commented, "We looked at many gaming systems and decided this suite of games, platform and sports software represented the finest interactive compilation available anywhere. These games are the highest of quality and designed with the customer in mind. They combine state of the art graphics with Las Vegas style odds. By purchasing tested software, we are able to focus on operations, get to the market sooner, and at the same time continue our development of games."
About CYOP
CYOP is a provider of multimedia transactional technology solutions and services for the entertainment industry and a developer of online games, poker, and bingo. The Company's range of products and services include financial transaction platforms for on-line video games, licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants.
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. Scott Carley, 310-691-2585 ir*cyop.org
-------------------------------------------------------------------------------- Source: CYOP Systems International Inc.
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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This is gonna be soon hard to get at below .02. Once they get the software up and going and rev will be coming in 24/7.. They are going in the right direction!!
Posts: 575 | From: Lawrenceburg | Registered: Feb 2005
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