CYOP Systems Launches Internet Bingo Game; Company to Market Software to Third Parties and Operate Its Own Bingo Portal.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- CYOP CYOP Create Your Own Path Systems International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYOS CYOS Create Your Own Story ), a leading provider of online gaming See gaming. software and operator of games portals, is pleased to announce that it has launched its alpha version Software that has just been compiled and ready for its initial test inhouse. See alpha test, beta test and release candidate. of its online Bingo Online bingo is the game of bingo (US|UK) played on the Internet. Online bingo is a multi billion dollar business. Unlike balls used in regular bingo halls, online bingo sites use a random number generator. at www.RedFeltSoftware.com The company's UK subsidiary Red Felt Software Ltd. will be responsible for the development and licensing of the software. The United Kingdom is being recognized as a jurisdiction embracing and regulating this sector. With Red Felt Software Ltd., the Company is marketing to enterprises wishing to enter and capitalize in this market space. The Company will also be launching its own Bingo portal and will market the site directly to new players and those within the SkillArcade.com database. The Bingo software has been designed using cutting edge technology and has combined with our licensed CrediPlay gaming transaction software. Some features of the game include: --A top name associated in the "iGaming" Industry --Excellent Bingo software -- no download required --24/7 Customer Service --Real-time reporting --Consistently maintained and continually updated technology --User-friendly major credit card and online banking processing --Content that appeals to a wide variety of Bingo players --Marketing expertise Online gaming will continue to be an explosive cash generator. Gaming consultants Christian Capital forecast that gaming revenue will rise to $22.7 billion (US) by 2009, from $8.2 billion in 2004, a growth of 22 percent. Online gaming is also expected grab an 8.1% share of the worldwide global gaming market. Bingo is the largest and most socially accepted method of gambling throughout the world, and the current Internet Bingo market is estimated to be more than $800 million with a 400% annual growth rate. Mitch White, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CYOP said, "We are striving to meet our self-imposed targets, and continuing to work with our partners to launch our products into revenue. We are progressing at a rate that is faster than most in the gaming software development industry, and we thank our shareholders for their patience. Our simple turnkey Bingo gaming system can be easily deployed by any webmaster. We also provide the necessary management experience and support to our licensees and their customers. Once you've played our games, you'll realize that Red Felt Bingo is the best Online Bingo System available." About CYOP CYOP is a provider of multimedia transactional technology solutions and services for the entertainment industry and a developer of online skill games, poker, and Bingo. The Company's range of products and services include financial transaction platforms for online video games See video game console. , licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for online merchants. 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 Software may be viewed at www.RedFelt.com, its play for cash poker site at www.TenSeatPoker.com and it Chinese site at www.CrediPlay.cn 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and is subject to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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) |
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