VANCOUVER, British Columbia, June 21, 2004 (PRIMEZONE) -- CYOP Systems International Inc. (OTCBB:CYOS), the leading provider of online video games and tournaments of skill, announced today that, in consultation with corporate counsel, it has directly requested the Berlin-Bremen Stock Exchange to delist CYOP stock, following its recent listing on that exchange without the consent or authorization of the Company.
The Company has never applied for a listing on the Berlin-Bremen Stock Exchange and was never notified that the listing had occurred. Patrick Smyth, President of CYOP, commented, "We were surprised by the action of the Berlin-Bremen Stock Exchange to list CYOP Systems International Inc. stock without authorization. Furthermore, there are widely reported and serious concerns about the motivation behind those people initiating such actions."
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 sports games, puzzles, card games, action games, and strategy, driving, racing and adventure 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, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition. This document is not intended to be and is not an advertisement for any securities of the company.