CYOP Systems Launches RedFeltPoker.com; Internet Poker Gaming Site Playable for Cash Contests Business Wire - March 22, 2006 09:00
LOS ANGELES, Mar 22, 2006 (BUSINESS WIRE) -- CYOP Systems International Inc. (OTCBB:CYOS), a provider of online gaming software and operator of games portals, is pleased to announce that its site, www.redfeltpoker.com, is open for cash play.
RedFeltPoker.com is operated through the company's UK subsidiary, Red Felt Software Inc., a fully licensed UK Corporation.
The website includes classic poker games of Texas Hold'em, Omaha and 7 Card Stud, as well favorites such as Omaha Hi. Players will be able to pick from ring game action, daily tournaments with entries to the World Poker Tour, the World Series of Poker and all the major events.
Research firm Christiansen Capital Advisors says online-poker revenues have grown from $82.7 million in 2001 to $2.4 billion in 2004, and the projected amount is close to $5 billion for 2005.
And, according to GamingPublic.com, the online gambling industry is the fastest growing industry on the Internet. Global revenues from online gambling will reach $15 billion in 2006, up from $10 billion in 2005 and $7 billion in 2004.
Mitch White, CEO of CYOP, commented, "At RedFeltPoker.com, we're committed to running games that will set the highest standard for fairness, security and privacy. On all our games, players compete against other players from around the world. We provide a safe, fair and fun venue for people to enjoy poker, raking a small percentage of each large pot."
About CYOP
CYOP is a provider of multimedia transactional technology solutions and services for the entertainment industry and a developer of IGaming software. The Company's range of products and services include financial transaction platforms for online video games, licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for online merchants. Cross platform of brands include flash casino games, downloadable casino games, sports betting software and skill games.
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. Ray Irvine, 778-881-1372 ir*cyop.org
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!! Posts: 2086 | From: Long Island New York | Registered: Aug 2004
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more news - this co. is creating a great network
Keno.com Ltd. (UK), a wholly owned subsidiary of Gaming Transactions Inc. (Pink Sheets:GGTS) and a leading provider of online gaming portal management, is pleased to announce that it has entered into an agreement with CYOP Systems International Inc. (CYOS) to provide Keno.com with online casino games.
In accordance with the agreements, CYOP will provide Keno.com with its software including a number of games, site integration, processing and customer support. Games will include Blackjack, American Roulette, Video Poker, Classic Slots, Craps and 35 other games.
Keno, the game, is one of the highest-grossing products for many North American public gaming corporations and continues to grow yearly. Easy to play, quick, and profitable, Keno has become a favorite to gamblers who want the excitement of a lottery draw without having to wait for a weekly offering.
Patrick Smyth, CEO of Gaming Transactions Inc., commented, "The US marketplace has adopted online gaming as a viable form of mainstream entertainment, and we intend to market our services by employing a number of aggressive tactics including online advertising, mainstream media, search engine optimization, keyword buys and email promotions. Keno.com has excellent brand potential and we intend to leverage the traffic into multiple products."
Mitch White, CEO of CYOP, stated, "It's great to have a site with the traction that Keno.com has as our first big licensee. And given the experience and perspective that the team at Gaming Transactions has with marketing and promotions, we expect that the site will acquire many new depositing players."
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