CYOP Launches Pool on Sina.com
Wednesday, June 22nd, 2005
Online Video Pool Available for Exclusive Play on Game Channel
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 22, 2005--CYOP Systems International Inc. (OTCBB:CYOS - News), a leading provider of online gaming and poker software, is pleased to announce that its licensed online Pool Game has been launched on Sina.com.
CYOP's multiplayer pool game may 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.
Initial test have proven extremely positive with over 27,000 unique hits with over 2000 players joining since the launch.
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.
Online advertising revenue in Asia-Pacific is expected to rise by a compound growth rate of about 40% in the next five years, according to research firm International Data Corp (IDC). It expects money spent on internet advertising to reach US$1.62 billion by 2007, up from $304.3 million last year.
Online gaming revenues in the Asia-Pacific region will reach $1.84 billion by 2008, according to a recent report from IDC.
Mitch White, CEO of CYOP, commented, "Not only is gaming huge in China, Sina Corp, China's biggest online advertising company, reported a 59% year-on-year rise in its online advertising revenues in 2004. Sina's arch-rival Sohu notched up an impressive 89% growth in its online advertising revenue, and NetEase, the other top Chinese portal, saw its online advertising revenue almost double from last year. This is the first of two Chinese products to be launched, with our online poker scheduled next on Sina."
On a business note, the Company has postponed its AGM until September and will advise shareholders closer to the date.
About CYOP
CYOP is a developer and provider of online skill-games, poker and services for the online gaming industry. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game played over the Internet. 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 Poker Software may be viewed at www.redfelt.com
For more information please visit www.cyopsystems.com.
Play Games. Win Games. Make Money.™
Contact:
CYOP Systems International Inc.
Patrick Smyth, 310-248-4860
Patrick@cyop.org














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