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CURRENT BUSINESS INFORMATION: CYOP Systems International

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casunboy   Saturday, 02/19/05 04:21:40 PM
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CURRENT BUSINESS INFORMATION: CYOP Systems International

Incorporated develops and distributes financial transaction platforms. Its first branded platform is CrediPlay. The Company licenses the software to gaming communities and portals to offer additional revenue sources through pay-for-play tournaments of skill and markets the Company's proprietary site www.skillarcade.com. A player's fee is charged every time a tournament or game is played. This fee is disbursed to the game developer or publisher who owns the game being played, the server operator (portal) who runs the tournament and CYOP, the transaction processor. The Company has 250 affiliate portals and has processed approximately 2.3 million transactions to date.

The Company is participating in the third phase of the Internet Revolution by developing high-demand content for consumers and businesses alike. CrediPlay is an online financial transaction network supporting a community of online gamers who compete in skill games to win each other's money. CrediPlay allows gamers to play a game for a one-time fee, or pay-to-play in cash tournaments. One hundred percent automated, it registers players in tournaments, runs the tournaments and pays the winners instantly. The basic model for business is based on charging a Network Maintenance Fee (NMF) for each game played over the Internet, including Puzzle, Trivia, Action Games, Strategy, Driving/Racing and Adventure/Role Play games. The player opens an account on-line using any number of merchant processors, including Paypal and Visa, so that he or she may register with, and gain access to any pay-for-play tournament of skill. After registering, the individual player may then enter into a tournament pool, out of which the winner(s) are paid from 100% of the entry fees. By structuring the software in this way, we believe that CrediPlay has differentiated itself from the I-gambling industry, as its software is neither based on chance nor accepts third party betting and therefore is in compliance with the existing laws of most Internet rich jurisdictions in the United States and Canada.

The Company believes that collecting and processing fees through financial institutions and disbursing funds through a revenue sharing model to vertical channel partners in this manner creates market opportunity through revenue sharing and reducing upfront investment costs in a vertically integrated marketing channel.

The Company also owns and operates a proprietary gaming community, www.skillarcade.com, which was launched in the beginning of September 2002. SkillArcade.com is an online games destination where people play popular skill-based games against other players and compete in tournaments to win real money prizes. The ultimate goal is to be recognized as the number one pay-for-play Gaming site on the Internet.


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ICQ#: 179-325-060
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