• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

CYOP's Chinese Poker Opening for Play on Sina.Com; Online Poker to Be Available for Exclusive Play on Game Channel

Posted on: Thursday, 18 August 2005, 15:00 CDT

CYOP Systems International Inc. (OTCBB:CYOS), a leading provider of online gaming software and operator of games portals, is pleased to announce that its Chinese version of TenSeatPoker.com software will be open for play on the Sina.com network this September.

The site is in the final stages of integration on Sina.com, and is going through extensive quality control.

CYOP's Chinese TenSeatPoker.com will be found exclusively for the Game Channel on SINA.com Online. SINA will further arrange fixed entry points by providing tournaments on the SINA Taiwan and Beijing Channels, linking on-line traffic to the co-branded Games site in the US.

The Company intends to sell advertising and sponsorships within the games and related site. As well, CYOP will be hosting and managing multiplayer tournaments with cash prizes.

And the TensSeatPoker.com site is being translated into Chinese; leveraging our tournament sponsorship and advertising model with the plan to convert the play for fun database into cash play gaming.

Even with its minimal penetration rate, China already ranks second in the world in total Internet users. According to eMarketer, during the 2004-2008 period, the US Internet population will grow at a 2.6% annual rate. In contrast, China's Internet population will grow during the 2004-2008 period by over 14.3% on an annual basis.

Mitch White, CEO of CYOP commented, "Interest in China is growing, and North Americans are beginning to understand the potential of the huge marketplace. Recent events such as Baidu.com's IPO and Yahoo's $1 billion Alibaba.com deal are proving that strong moves are being made into the burgeoning Chinese Internet. CYOP is also strategically positioning itself as an early entrant into the online poker industry in Asia."

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.

Play Games. Win Games. Make Money. (TM)

Source: Business Wire

More News in this Category