Cygnus Announces Merger, Stock Split and Stock Trading.ORLANDO, Fla. -- Cygnus eTransactions Group Cygnus eTransactions Group, Inc. is a United States company based in Maitland, Florida that develops ticketing and financial processing software for the recreation and entertainment industry. , Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CYGT) announced it's merger with Cygnus Entertainment, Inc. and a subsequent 3 for 1 stock split for shareholders for the combined shareholders in Cygnus eTransactions Group. Stock split is effective as of April 11, 2005. Cygnus is now trading as an over the counter issue on PinkSheets.com. Cygnus has been providing ticketing, reservations and financial processing technology and services on a fee per transaction basis to the leisure and entertainment industry since January 2002. Solutions are provided as a hybrid of traditional ASP models. Capital budgets, development and implementation time and resources are dramatically reduced for Cygnus customers. Cygnus' innovative sales solutions, third party distribution opportunities and VISA CISP CISP Cardholder Information Security Program (Visa) CISP Comitato Internazionale per lo Sviluppo dei Popoli CISP Certified IRA Services Professional (American Bankers Association) certified financial processing services are complimented with a comprehensive suite of real-time, web-based reporting, customer service and product management tools. Customers like Universal Studios Theme Parks, Cedar Point Cedar Point is a 364 acre (1.5 km²) amusement park located in Sandusky, Ohio, U.S. on a narrow peninsula jutting into Lake Erie. It is one of the world's largest amusement parks (by ride count) with 69 rides and currently holds the world record for most roller coasters with 17, one Amusement Park amusement park, a commercially operated park offering various forms of entertainment, such as arcade games, carousels, roller coasters, and performers, as well as food, drink, and souvenirs. , Knott's Berry Farm Knott's Berry Farm is a brand name of two separate entities: a theme park in Buena Park, California, and a manufacturer of food specialty products (primarily jams and preserves) based in Placentia, California. and Snowbird snowbird: see junco. Ski and Summer Resort benefit from reduced costs, increased sales, improved customer service and measurable efficiencies in sales and marketing processes. Additionally, the fee per transaction model aligns Cygnus' interests with that of its customers - as transaction volumes increase, revenue also increases for all parties. Additional information about Cygnus products, services and customers can be found at cygnus.com. About Cygnus eTransactions Group, Inc. (Cygnus) Cygnus is a transaction-driven company that processes sales and payments for its customer's wholesale and retail channels. The Company provides proprietary technologies that enable its customers' eCommerce, ticket office, call center and kiosk sales. In addition to online, point-of-sale and self-service solutions, Cygnus also provides electronic ticket fulfillment via Cygnus' proprietary Print-at-Home and Kiosk technologies, admission control systems, stored value cards and integrated payment processing. Forward Looking Statements Some of the statements contained in this news release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including changes in general economic, political and business conditions, actions of current and potential competitors, ability to attract new and retain existing customers, and other factors could cause actual results to differ materially from the Company's expectations and these forward looking statements. |
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