CYOP Systems Signs Contract to Develop Multiplayer Casino Gaming Platform; Development Contract Signed With Interkod Technologies.LAS VEGAS -- 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 software and operator of games portals, is pleased to announce it has entered into an agreement with Interkod Technologies Inc. to begin developing online casino games. E[acute accent]Further to our press release dated July 13th, regarding opening a game studio in Central Europe, the Company has hired Interkod Technologies Inc. in Slovakia to build online versions of multiplayer craps, blackjack blackjack, one of the world's most widely played gambling card games; also known as twenty-one or vingt-et-un. Despite contesting claims between the French and Italians, its origins are unknown. , roulette and baccarat baccarat (bä`kərä', băk`–, Fr. bäkärä`), French card game formerly widely played in European casinos but now supplanted in popularity by chemin de fer. . The Company decided to contract a third party for the development work after further review of the costs and liabilities of operating another foreign subsidiary. E[acute accent]CYOP will own the games and will license them to third party gaming operators. As well, the Company intends to add them to its own proprietary portals for cash play. E[acute accent]Development of these games will commence on November 1. E[acute accent]Global revenues from online gambling will reach USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $14.52 billion in 2006, up from USD$3.81 billion last year. This is according to a report from the Informa Media Group, which says that the US will generate 24 percent of all online gambling revenues in 2006, whereas Europe will generate 53 percent. E[acute accent]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, "Having the ability to play with or against other players in real-time is why online poker has become such an enormous success. Our licensed backend technology was initially developed to handle multiplayer games on all platforms including high-end 3D and mobile gaming. We will continue to seek out and develop multiplayer skill and casino games wherever we find applications for this technology." E[acute accent]About CYOP E[acute accent]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 on-line video games, licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants. E[acute accent]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, operated by its 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. (UK), may be viewed at www.RedFelt.com, its poker site at www.TenSeatPoker.com and its Chinese site at www.CrediPlay.cn. E[acute accent]For more information please visit www.cyopsystems.com. E[acute accent]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 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. |
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