CYOP Systems Provides Shareholder Update.LONDON -- CYOP CYOP Create Your Own Path Systems International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYOS CYOS Create Your Own Story ), developer and provider of online gaming See gaming. solutions and services for the Gaming industry, is pleased to provide an update to shareholders. In accordance with previously issued and filed agreements with Cornell Capital Inc., CYOP filed an SB2 registration statement earlier this week. The United States Government has moved towards a prohibitive stance on online gaming that has impacted the growth of iGaming in that particular market, as well as those companies that had marketed their products in said market. Upon receipt of financing, CYOP intends to begin marketing activities to existing portals online gaming operators as well as to traditional casinos outside of the USA. Patrick Smyth, Chairman & 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, commented, "Management is committed to building shareholder value, and continues to fund the operations of the Company. The legal setbacks in the United States with respect to the prohibition on online gambling cost us our key client, and put a potential client on indefinite hold. By looking at other options, we hope to be able to diversify and increase the worth of CYOP." 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.. |
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