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CYOP Systems Gears up for Asian Tournament Poker Site
Published: 2005-04-12
 [April 12, 2005]
CYOP Systems Gears up for Asian Tournament Poker Site; Multiple Revenue Streams from Poker Play and Advertising
BEVERLY HILLS, Calif. --(Business Wire)-- April 12, 2005 -- CYOP Systems International Inc. (OTCBB:CYOS), a leading provider of online video games and tournaments of skill, is organizing operations around its Asian poker and pool venture.
With the online traffic available from Asian partners the Company will market and drive this traffic to its "Asian Free Poker" site, expected for launch May 1, 2005. As a targeted audience there is immense value to advertisers and sponsors that the Company is currently in discussions with. Additionally, many free poker players are also, or become, play for cash players. These players provide direct revenues from a 'rake' from the pot in each game plus, to a lesser extent, tournament fees.
The Company expects to earn significant indirect revenues from various types of advertising throughout the sites, as well as sponsorships of tournaments and prizes from major consumer based corporations.
More than 80 million people play poker at home, in card rooms and online, where over $170 million is wagered each day. If this trend continues, more than $250 million will be wagered on poker on the Internet alone each day by January 2006 according to Bluff Magazine. And last year, a total of $1.6 Billion was wagered online in poker sites.
And Online gaming revenues in the Asia-Pacific region will reach $1.84 billion by 2008, according to a recent report from IDC. Overall, online gaming subscription revenues in the Asia-Pacific region (excluding Japan) are projected to more than double by 2008 to $1.84 billion from $760 million in 2003.
CYOP believes that it will be able to capture a small market share of the Asian online gaming industry within the next twelve months equating to significant revenues. And within four years, the Company feels it is possible to capture a significant percentage of the projected market. As an example, 0.5% of the combined projected market equates to gross yearly sales of approximately $92 million.
Mitch White, CEO of CYOP, commented, "Casual online game revenue in China was four times greater last year than 2003, and the number of player who go online continues to increase at a phenomenal rate. We believe that we will have one of the first solutions available to the Asian market, priming us to be an early leader in the Asian Poker marketplace."
About CYOP
CYOP is a developer and provider of online skill-games and services for the online entertainment and gaming industries. CrediPlay, CYOP's licensed application, is an online transaction platform that is based on charging a fee for each game of skill 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.
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Las Vegas From Home.Com
Published: 2005-04-13
 Las Vegas From Home.Com Send Players to Poker Tournament
13 April 2005
VANCOUVER, British Columbia – (PRESS RELEASE) -- Las Vegas From Home.com Entertainment Inc. (the "Company") or ("LVFH") is pleased to announce that through its wholly owned Action Poker Network (the "AP Network"), LVFH is sending 5 players to play at next week's World Poker Tour World Championship Tournament, Season 3, at the Bellagio Hotel and Casino in Las Vegas, Nevada. The 5 players, who qualified for entry at next week's tournament, prevailed over hundreds of other players in an AP Network/Tigergaming.com sponsored online tournament. In the end, 3 players qualified through the AP Network's flagship website, www.tigergaming.com and two others from another licensee operating within the AP Network.
Each of the 5 players won a package valued at US $28,000 which is comprised of airfare, a week's accommodation at the Bellagio Hotel and Casino, spending money, and a "buy in" at the tournament valued at US $25,500. Total prize money to be won at the one week long tournament, beginning April 18, 2005, and to be broadcast at a future date, is estimated to be US $6.5 million.
President and CEO, Jake Kalpakian states, "This was the Company's first attempt at such a promotion within the AP Network and its flagship site, www.tigergaming.com. It was a resounding success. 3 of the players that won are Tigergaming.com players, while 2 others are from another licensee within the AP Network. As a result of this, our AP Network has inspired even greater confidence amongst our existing licensees and has also generated an increase in new licensing inquiries from other casino and sportsbooks looking to join the AP Network.
On the tails of this success, the AP Network and Tigergaming.com launched a second multi-stage tournament promotion recently in order for their players to earn seats at this year's World Series of Poker, to be held in Las Vegas, Nevada in July. Originally, Tigergaming.com and the AP Network were offering 5 seat packages to be won. Due to overwhelming demand, Tigergaming.com and the AP Network have doubled the amount of seats to 10. Each US $14,000 package will include airfare, accommodation, spending money, special VIP events, and a World Series of Poker entry fee of US $10,000. What makes this even more remarkable is that a player could actually obtain a World Series of Poker seat for an unbelievable US $0.14 cents."
Mr. Kalpakian continues, "This new promotion has to be the best entertainment value found anywhere. Where else can one enjoy playing for several hours at a time, at such a price, with a chance to win a seat at the World Series of Poker Tournament? We believe this promotion is just the beginning in our quest to be a leading entertainment choice for the general public. In that respect, we are confident we will be able to launch in the current quarter our casino games (Black Jack, Roulette, Slots, etc) whereby our licensee's customers will have an even greater choice of games for their gaming and entertainment pleasure."
LVFH is an "E-Gaming" Software Developer and provider, and through its wholly owned Antiguan Subsidiary, Action Poker Gaming Inc., licenses its software to third parties.
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