Feb 18, 2005 1:34:00 PM
Ridgeland, MS, FEB 18, 2005 (EventX/Knobias.com via COMTEX) --
CYOP Systems International Inc (OTCBB : CYOS) announced in a Form 8-K that on 2/16/05, Moore Stephens Ellis Foster Ltd., Chartered Accountants, the principal independent accountant of the Company, resigned.
During the Company's two most recent fiscal years and all subsequent interim periods preceding the resignation of Ellis Foster, there were no disagreements with Ellis Foster, whether or not resolved, on any matter concerning accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, whether resolved or not resolved to the satisfaction of Ellis Foster, would have caused Ellis Foster to make reference to the subject matter of the disagreements in connection with its reports for such period. Ellis Foster, as the Company's principal independent accountant, did not provide an adverse opinion or disclaimer of opinion to the Company's financial statements, nor modify its opinion as to uncertainty, audit scope or accounting principles during the Company's two most recent fiscal years and all subsequent interim periods preceding the resignation of Ellis Foster.
On 2/16/05, the Audit Committee of the Company approved and authorized the engagement of De Leon & Company P.A. Certified Public Accountants and Consultants, as the independent public accountants of the Company. On 2/16/05, the Company engaged De Leon, 510 NW 159th Lane, Pembroke Pines, Florida 33028, as the principal independent accountant for the Company.
CYOP to Launch Online Poker & Bridge; Casino Type Games to Be Offered as Part of European Growth Strategy
Business Wire via COMTEX
Feb 14, 2005 7:48:00 PM
BEVERLY HILLS, Calif., Feb 14, 2005 (BUSINESS WIRE) --
CYOP Systems International Inc. (OTCBB:CYOS), a leading provider of online video games and tournaments of skill, is pleased to announce that it will be launching online multi-play poker and bridge.
The games are going through testing and will be available for cash play in jurisdictions such as the United Kingdom that consider poker and bridge to be games of skill rather than games of chance. The games will be available for free-play to North American players.
A Bear Stearns report for the industry pegged annual revenue at $4.2 billion for 2003, and Christiansen Capital Advisors predicts that 2005 revenue could exceed $10 billion.
Mitch White, CEO of CYOP, commented, "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. We plan to leverage our growing European player base into this form of gaming, and monetize our database further."
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