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CYOP Launches New Poker Licensing Site; Redfeltsoftware.com

5/9/2005 9:15:02 AM

BEVERLY HILLS, Calif., May 09, 2005 -- CYOP Systems International Inc. (CYOS), a leading provider of online gaming software, is pleased to announce that it has launched www.redfeltsoftware.com through a newly formed United Kingdom Company, Red Felt Software Ltd, that will be organized as a wholly-owned subsidiary of CYOP Systems International Inc.

With Red Felt Software Ltd., the Company will pursue in the iGaming market place turnkey licensing opportunities for enterprises wishing to enter and capitalize in this market space. The United Kingdom is being recognized as a jurisdiction embracing and regulating this sector.

Red Felt Poker is a simple turnkey poker gaming system that can be easily deployed by any webmaster or administrator. The Company also provides the necessary management experience and support to our licensees and their customers.

More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip." An estimated 1.7 million players are active online, meaning they've played in the past six months, according to an MECN.net survey.

Mitch White, CEO of CYOP, commented that, "Red Felt's Software Licensing model is simplicity in design. The focus is to allow the licensor our partner to focus on growing their business, generating traffic, opening accounts and looking after their community of members. Let us take care of everything else efficiently and economically. Our business model is predicated on working with portals and experienced operators who are looking to become active partners with us."

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.

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.

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SOURCE: CYOP Systems International Inc.

CYOP Systems International Inc.
Patrick Smyth, 310-248-4860
Patrick@cyop.org