Cyberview Technology Expands Agreements with Great Wall Gaming for Japanese Market; Extends On-Going Relationship In Anticipation of Casinos In Japan; Widens Distribution of Company's Innovative Server-Based Technology.LONDON & LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Cyberview Technology, a leader of new technology for the gaming industry, today announced that it has entered into a long-term agreement with Great Wall Gaming, Ltd. The deal covers future distribution of the company's server-based systems by Great Wall for the projected development of casinos in Japan and the resulting need for the latest in slot machine technology. With this new agreement, the two companies are extending a relationship that currently includes Great Wall providing game content for the company's distributed downloadable system, which has been the recipient of numerous awards for its innovations to the casino industry. The new agreement is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the passage of legislation authorizing casino gaming in Japan. Great Wall Gaming, headquartered in Las Vegas, specializes in the development and marketing of ethnic slot games and gaming equipment in the European and Asian gaming markets, and is led by Jackie Yee, identified as one of the top Asian gaming executives for nearly three decades. One of Great Wall's Asian slot games, "Ye Ha Hai," was voted one of the best new games by industry peers late last year and now is being released for use on the Cyberview system. "It is widely anticipated that Japan will legalize le·gal·ize tr.v. le·gal·ized, le·gal·iz·ing, le·gal·iz·es To make legal or lawful; authorize or sanction by law. le casino gaming in the near future," states Roy Student, President of Cyberview Technology. "The contacts and experience that Mr. Yee and his company can provide in this market will be invaluable to our success in the market," he continued. "Our research indicates that there are five million pachinko machines In machine learning, a Pachinko classifier is a top-down hierarchical classifier]. It was named after Pachinko operating in Japan producing more than 200 billion U.S. dollars annually, making it potentially the largest gaming market in the world and a significant opportunity for both our companies." "We are confident that we can assist Cyberview in becoming a dominant player in the Japanese market," commented Jackie Yee, Chairman of Great Wall Gaming. "Our companies are currently developing several new ethnic slot games that specifically target the Russian and Asian gaming markets, and we look forward to extending our relationship with the world leader in distributed technology," Yee concluded. About CYBERVIEW TECHNOLOGY With more than ten years experience in server-based distributed gaming, Cyberview Technology develops, produces and implements innovative, integrated solutions for the gaming, betting and leisure industries. Currently, the company provides Fixed Odds Betting Terminals (FOBTs) to betting shops betting shop Noun (in Britain) a licensed bookmaker's premises not on a racecourse Noun 1. betting shop - a licensed bookmaker's shop that is not at the race track , and race and sports books; Interactive Video Lottery Terminals A Video Lottery Terminal or VLT is a gaming machine that allows gamblers to bet on the outcome of a video game. A VLT is similar to a slot machine, except that it is connected to a centralized computer system that determines the outcome of each wager using a random (IVTs) to lotteries; and Class III-type gaming terminals to the casino industry. Recipient of numerous industry awards, it is the only company in the world to date with the Gaming Laboratories International, Inc. (GLI GLI Glider GLI Greater Louisville Inc. (Metro Chamber of Commerce in Louisville, KY) GLI Global Imager GLI Great Lakes Invitational (college hockey tournament) GLI Great Lakes Water Quality Initiative ) approval for its downloadable server-based system (GLI 21 standard), a technical certification for downloadable server-based gaming systems in the U.S. Class III gaming market. The company (AIM symbol: CYBS CYBS CyberSource (NASDAQ symbol) ) recently commenced trading on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . For further information, visit the company's website at www.cybview.com. |
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