Message #30 From:
NewsBot Date: November 24, 2006 03:09:00 PM
CYOS News Patrick Smyth Joins CYOP Systems as Chairman and CEO
LONDON--(BUSINESS WIRE)--The Board of Directors of CYOP Systems International Inc. (OTCBB:CYOS),
a provider of online gaming software, is pleased to announce Patrick
Smyth has accepted the positions of Chairman of the Board and Chief
Executive Officer at the company.
Mitch White concurrently resigned from CYOP Systems International Inc.
as Chairman and CEO.
Mr. Smyth was most recently the Chairman and CEO of Gaming Transactions
Inc., the parent company of Keno.com Ltd. (UK). He also serves as
Director and Secretary to Red Felt Software Ltd. (UK), a wholly owned
subsidiary of CYOP. He was the President of CYOP from 2002 to 2005.
Mr. Smyth acts as an expert gaming consultant to Gerson Lehrman's
Consumer Goods & Services Group and a "GLG Leader" and is in the top 5%
of their global network. He deals with investment banks, hedge funds and
large brokerages that are looking for insights into and recommendations
on various companies in the iGaming, Poker and Sportsbook industries.
He is a member of the IGDA (International Gaming Developers
Association), has co-authored a number of Online Gaming White Papers,
speaks regularly at gaming conferences and has written a number of
articles on iGaming. Mr. Smyth is also the founder of GamingPublic.com,
the center for information on iGaming, industry stats, legal information
and investment in publicly listed companies within the sector.
Mr. Smyth commented, “I would like to thank
Mr. White for his years of service to the company and for guiding CYOP
from its inception through operational successes. The company wishes
Mitch all the best in his future projects.”
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, e-marketing and online poker.
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.
