CYOP Systems Launches RedFeltPoker.Com; Internet Poker Gaming Site Playable for Cash Contests
Posted on: Wednesday, 22 March 2006, 09:00 CST
CYOP Systems International Inc. (OTCBB:CYOS), a provider of online gaming software and operator of games portals, is pleased to announce that its site, www.redfeltpoker.com, is open for cash play.
RedFeltPoker.com is operated through the company's UK subsidiary, Red Felt Software Inc., a fully licensed UK Corporation.
The website includes classic poker games of Texas Hold'em, Omaha and 7 Card Stud, as well favorites such as Omaha Hi. Players will be able to pick from ring game action, daily tournaments with entries to the World Poker Tour, the World Series of Poker and all the major events.
Research firm Christiansen Capital Advisors says online-poker revenues have grown from $82.7 million in 2001 to $2.4 billion in 2004, and the projected amount is close to $5 billion for 2005.
And, according to GamingPublic.com, the online gambling industry is the fastest growing industry on the Internet. Global revenues from online gambling will reach $15 billion in 2006, up from $10 billion in 2005 and $7 billion in 2004.
Mitch White, CEO of CYOP, commented, "At RedFeltPoker.com, we're committed to running games that will set the highest standard for fairness, security and privacy. On all our games, players compete against other players from around the world. We provide a safe, fair and fun venue for people to enjoy poker, raking a small percentage of each large pot."
About CYOP
CYOP is a provider of multimedia transactional technology solutions and services for the entertainment industry and a developer of IGaming software. The Company's range of products and services include financial transaction platforms for online video games, licensed online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for online merchants. Cross platform of brands include flash casino games, downloadable casino games, sports betting software and skill games.
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
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