ORLANDO, Fla., June 20, 2005 (PRIMEZONE) -- Cygnus eTransactions Group, Inc. (Pink Sheets:CYGT) today announced it has signed a contract with Hershey Entertainment and Resorts Company (HE&R), to provide online ticketing technology and services for HERSHEYPARK and Dutch Wonderland Family Amusement Park. Cygnus will develop two online ticket stores for HE&R that are both scheduled for launch later this month. HE&R will be utilizing Cygnus' ceShop(tm) eCommerce engine, ceTicket(r) Print@Home technology and cePay(tm) payment processing services.
"Cygnus is proud to have Hershey Entertainment and Resorts as a client," said Charles Stewart, President of Cygnus. "We are looking forward to helping them leverage Cygnus' technology to expand their online sales channels, distribution opportunities, and ultimately bottom line growth."
About Cygnus eTransactions Group, Inc. (Cygnus)
Cygnus is a transaction-driven company that processes sales and payments for its customers' wholesale and retail channels. Working primarily with customers in the leisure and entertainment industry, the Company provides proprietary technologies that enable its customers' eCommerce, ticket office, call center and kiosk sales. In addition to online, point-of-sale and self-service solutions, Cygnus also provides electronic ticket fulfillment via Cygnus' proprietary print-at-home and kiosk technologies, admission control systems, stored value cards and integrated payment processing. More information is available at www.cygnus.com/pr
Forward Looking Statements
Some of the statements contained in this news release constitute forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including changes in general economic, political and business conditions, actions of current and potential competitors, ability to attract new and retain existing customers, and other factors could cause actual results to differ materially from the Company's expectations and these forward looking statements.
ceShop, ceTicket and cePay are trademarks of Cygnus eTransactions Group, Inc.