Message #29 From:
NewsBot Date: September 28, 2006 06:43:00 AM
CYOS News CYOP Systems Launches First Licensee at Keno.com
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 announce that its first licensee has launched at www.keno.com
In accordance with the agreements, Red Felt provides Keno.com with its
software including a number of games, site integration, processing and
customer support. Games include Blackjack, American Roulette, Video
Poker, Classic Slots, Craps and 35 other games.
Red Felt derives a percentage of the net revenues earned at Keno.com,
while Keno.com is responsible for marketing the licensed website and for
driving traffic that may be converted into cash play. The Company
anticipates that earnings will begin immediately given the nature of the
URL “Keno.com” and
its associated web traffic.
Keno.com Ltd. (UK) is the wholly owned subsidiary of Gaming Transactions
Inc. (Pink Sheets:GGTS), an emerging provider of iGaming portal
management. The Company’s central licensed
games portal, www.keno.com, is a
destination online gambling property where players may participate in a
number of gambling and online gaming fixtures.
CYOP Systems International Inc. is also a major shareholder of Gaming
Transactions Inc., and holds 25 million shares of GGTS in its treasury.
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.
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..
