CYOP Systems Provides Shareholder Update; Company Building Towards Multiple Online Revenue Streams.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 provide an update on its corporate development of its potential multiple revenue streams. The Company is a provider of multimedia transactional technology solutions and services for the entertainment industry. The Company's range of products and services include financial transaction platforms for online video games See video game console. , licensed online gaming software and integrated e-commerce transaction technology for online merchants. In 2005 the Company embarked on an aggressive strategy to build up its services and productions capabilities by embarking on a number of new ventures. These "business centers" are all subsidiaries of the Company and join the existing divisions of the Company. They are as follows: 1. SkillArcade.com 2. CrediPlay.com Network 3. CrediPlay.cn (online poker Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide. In 2005, revenues from online poker were estimated at US$ 200 million per month. and pool with Sina.com) 4. Red Felt Software 5. TenseatPoker.com 6. TenSeatPoker.com (Chinese version) 7. Red Felt Bingo Software 8. Red Felt Studios 9. CrediPlay Mobile Games The Company intends to monetize these products through a number of revenue streams including: 1. Tournament fees from cash skill games 2. Percentage of cash rake from poker games 3. Percentage of net win from casino games 4. Percentage of cash sales sales made for ready, money, in distinction from those on which credit is given; stocks sold, to be delivered on the day of transaction. See also: Cash from monthly subscriptions 5. Licensing of software to third parties 6. Advertising sales on play for free sites 7. Sponsorship sales on play for free sites 8. Player database rentals to third party advertisers A full overview of the Company update may be ordered by emailing patrick@cyop.org. 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. 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, stated, "In order for our Company to expand its operations and realize profits from pay for play online gaming, we are actively pursuing strategic affiliates and partnerships. The Company is moving from that of only software development to one that is working to build revenues in this exciting juncture of our Company's history." 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, 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 Poker Software may be viewed at www.redfelt.com, its play for cash 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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