LOS ANGELES--(BUSINESS WIRE)--Aug. 8, 2006--CYOP Systems International Inc. (OTCBB:CYOS), a provider of online casino software and operator of games portals, is pleased to announce that it has signed an agreement with Emerging Growth Stocks, LLC to manage its Investor Relations Services.
Based in Beverly Hills, Emerging Growth Stocks, LLC (EGS) has earned a reputation as one of the premier sources for valuable investment advice and stock recommendations for individual investors, money managers, broker-dealers, and fund managers. EGS's management team has over 50 years of cumulative investment expertise and a solid success in the business consulting, financing, and communications industries.
The EGS management team is well-versed in all forms of media communications, including print, radio, television, and internet and has established a large database of loyal subscribers.
Mitch White, CEO of CYOP, said, "We are moving our operations forward with the recent launches of some of our web properties, and we felt that it was in the best interests of our shareholders to increase our presence in the investment marketplace. EGS was selected for their knowledge and for their depth of contacts with brokerages, analysts, banking institutions and investors. We look forward to capitalizing on our growth and to our relationship with EGS."
According to GamingPublic.com, global revenues from online gambling will reach USD$ 16 billion in 2006, up from USD$ 12 billion in 2005 and USD$ 7.0 billion in 2004.
For the five-year period from 2005 to 2009, it is estimated that revenues generated by the global online gaming market will increase to approximately $22.7 billion, representing a compound annual growth rate of approximately 22 percent.
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.
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.
