CYOS News CYOP Systems Provides Shareholder Update

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Message #28
From: Stock News Bot
Date: September 26, 2006 06:00:00 AM

CYOS News CYOP Systems Provides Shareholder Update

LONDON--(BUSINESS WIRE)--Red Felt Software Ltd., a wholly owned subsidiary of CYOP Systems International Inc. (OTCBB:CYOS), a provider of online casino software and operator of games portals, is pleased to provide an update on its operations:

a. The Company expects its first licensee, Keno.com Ltd. (UK)

(www.keno.com), to be launched later this week. Keno.com Ltd. (UK) is

a wholly owned subsidiary of Gaming Transactions Inc.

(Pink Sheets:GGTS). The site will use the Red Felt Software, which has

over 40 games including Blackjack, American Roulette, Video Poker,

Classic Slots, and Craps.

b. RedFeltGold.com now has a number of affiliates who have begun to

market their websites and drive traffic to www.RedFeltPoker.com.

c. The Company is looking at moving its headquarters to the United

Kingdom in anticipation of the advent of iGaming licensing by the

British government next year. Inter alia, the Company now has a new

corporate website that better reflects its business at

www.cyopgaming.com.

d. The Company is in the final stages of negotiations with a tier one

marketing company to license its casino and poker products. 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.

The Company wishes to express its thanks to its stakeholders and partners, and looks forward to the success of its revenues centers and partners.

About CYOP

CYOP is a developer and provider of online gaming 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.

For more information please visit www.cyopgaming.com.

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.

Play Games. Win Games. Make Money.™

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