August 20, 2005
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Publicly traded… CYOS
http://finance.yahoo.com/q/bc? s=CYOS.OB&t=5dThis seems interesting. I wonder how they will do in the China landscape.
CYOP’s Chinese Poker Opening for Play on Sina.com; Online Poker to Be
Available for Exclusive Play on Game Channel
BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Aug. 18, 2005–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
