PRESS RELEASE
SOURCE: CYOP Systems International Inc.
VANCOUVER -- CYOP Systems International Inc. (NASDAQ OTC: CYOS.OB - News), the leading provider of online Games and Tournaments of Skill, announced that it has reached a licensing agreement with Peak Entertainment whereby CYOP's licensed software CrediPlay will be available through an affiliate program on www.4gambling.com and www.casinonews.org.
This is inline with CYOP's strategy of targeting I-Casino customers in the North American market who may be affected by restrictions on credit cards. Essentially, many USA-based issuers of credit cards do not allow the use of credit cards to fund Internet gambling activities by American citizens. This does not affect skill gaming, and CYOP is able to process credit cards on its systems as it does now on its site at www.skillarcade.com.
Skill Games are unlike online casinos, which are based on algorithms, and therefore have no element of chance. These systems are for the most part based on the individual player's skill and knowledge, while most games of chance on the Internet are based on algorithms. Several sets of criteria are introduced that make video games on www.skillarcade.com, for example, competitive events played in tournaments or head to head, where skill, knowledge or a combination of both determines the winning outcome.
Patrick Smyth, President of CYOP, commented, "We have developed technology, which essentially combines online games of skill to a database platform that allows players to compete against each other for money. This technology also houses a transaction platform, not unlike a virtual bank, which allows players to deposit money using their credit cards, pay for the games and ask to withdraw any winnings instantly in real time. And because we are not coded as online gambling, we have the opportunity the fill the void being left by online casinos in North America."