Message #22 From:
NewsBot Date: July 20, 2006 09:01:00 AM
CYOS News CYOP Systems Announces That It Has Begun Software Sales; Company in Negotiations to License Redfelt.com Casino Games
LOS ANGELES--(BUSINESS WIRE)--July 20, 2006--CYOP Systems International Inc. (OTCBB:CYOS), a provider of online casino software and operator of games portals, is pleased to announce that it is in negotiations with third party online gaming operators who are interested in licensing the RedFelt Software online casino games.
Two of the operators have proven track records in online gaming and are looking to migrate to a new platform.
These companies have also expressed interest in our RedFeltPoker.com affiliate system.
RedFelt Software Ltd. (UK), a wholly owned subsidiary of CYOP, has over 40 games including Blackjack, American Roulette, Video Poker, Classic Slots, Craps and 35 other games. Licensees will receive a fully customized site, and be able to market their site in the following 9 languages: Japanese, Spanish, French, Dutch, German, Italian, Korean, Russian, and English.
While the Company cannot guarantee the success of these negotiations, it does feel confident that the Red Felt software is leading edge in its design and play capabilities.
Furthermore, the Company is providing strong marketing support for its licensees; something in which CYOP has depth of knowledge.
Mitch White, CEO of CYOP, commented, "Now that we are able to showcase the casino games, operators are able to view the software and realize that customers will be drawn to their opulence and entertainment values over other providers. We should be able to begin generating revenues from our casino, and our licensees almost immediately; starting with the launch of our partner, www.Keno.com ."
About CYOP
CYOP is a developer and provider of ecommerce transactional solutions and services for the IGaming industry. The Company's range of products and services include financial transaction platforms for on-line casinos, online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants. Cross platform of brands include casino games, poker and sports betting software.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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.
