CYOP Systems Moves HQ to London.LONDON -- CYOP CYOP Create Your Own Path Systems International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYOS CYOS Create Your Own Story ), a provider of online casino software, is pleased to announce that it has moved its headquarters to the United Kingdom and its operations to Costa Rica. Given the changes in the laws in the United States regarding iGaming payment processing and the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. licensing of iGaming companies in the UK, CYOP has decided that the most prudent course of action is to establish a strong European base. According to a report on Bloomberg online, Julian Easthope, an analyst at UBS AG in London, says it's too early to say which companies will be able to take advantage of opportunities in Europe because the regulations are still developing. The EU's gambling market is valued at about $70 billion. CYOP believes that by entering the European sector in the early stages, that it may have an advantage given its experience as an iGaming software developer, marketer and operator. CYOP's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Red Felt Software Ltd. is also domiciled in the United Kingdom. About CYOP CYOP is a developer and provider of online gaming solutions and services for the IGaming industry. The Company's range of products and services include financial transaction platforms for on-line casinos, online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants. For more information please visit www.cyopgaming.com This press release may contain forward-looking statements which are pursuant to the 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. 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. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming, risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition.. Play Games. Win Games. Make Money. [TM] |
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