Cyop completes development of Chinese poker
Asian Marketplace Key to Industry Growth
Beverly Hills, October 12, 2005 / / -- CYOP Systems International Inc. (NASD OTCBB: CYOS.OB), a leading provider of online gaming software and operator of games portals, is pleased to announce that its Chinese versions of its licensed online Free Poker Game have been completed and may be viewed at www.crediplay.cn/poker .
The Company is now in the final testing stages of the site with its main partner, and expects to begin marketing the portal in the very near future.
The games and content are in both traditional and simplified Chinese allowing for greater saturation in Asia and in North America.
The Company intends to sell advertising and sponsorships within the games and related site. As well, CYOP will be hosting and managing multiplayer free tournaments with prizes.
eMarketer recently projected that online advertising will rise nearly 34% in 2005 to $12.9 billion, outstripping the 32.5% growth of 2004. And, 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 per cent.
Mitch White, CEO of CYOP, commented, “The China Internet Network Information Center recently put the number of Internet users in China at 103 million. The USA is the only country with a greater online population, but with only 10% of the Chinese population online, the possibilities for Internet expansion in China surpass the USA. CYOP now has the potential to be first-in with a proven success story – Online Poker.”
About CYOP
CYOP is a provider of multimedia transactional technology solutions and services for the entertainment industry and a developer of online skill games, poker, and bingo. The Company’s range of products and services include financial transaction platforms for on-line video games, licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants.
CYOP's central games portal, www.SkillArcade.com, features virtual games where people play popular skill games against other players and compete in tournaments to win real money prizes. CYOP's Software may be viewed at www.RedFelt.com, its play for cash poker site at www.TenSeatPoker.com and it Chinese site at www.CrediPlay.cn
For more information please visit www.cyopsystems.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, and risks associated with competition..
SOURCE: CYOP SYSTEMS INTERNATIONAL INC.
Play Games. Win Games. Make Money. ™
Contact:
Scott Carley, 310-691-2585
scarley@cyop.org
















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