ORLANDO, Fla., June 9, 2005 (PRIMEZONE) -- Cygnus eTransactions Group, Inc. (Pink Sheets:CYGT) today announced the release of the next generation of its ceIris(r) software suite. ceIris(r) System 5 marks a significant leap forward for both individual products in the suite and the system capabilities as a whole. New features include comprehensive remote product management that enables customers to create new tickets and manage attributes such as ticket names, pricing and descriptions, extensive web analytics capabilities, improved reporting tools, powerful group sales features, and improved overall system performance.
"With this release we've positioned ourselves for the future by reducing the internal resources needed to manage client projects. We've delivered new tools for getting our customers products to market faster that also enable them to create and manage their own inventory in an intuitive manner," stated Dan Hall, Chief Technology Officer at Cygnus. "I'm tremendously proud of what our Technology and Quality Assurance teams have accomplished," Hall added.
About Cygnus eTransactions Group, Inc. (Cygnus)
Cygnus is a transaction-driven company that processes sales and payments for its customer's 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.
ceIris is a registered trademark of Cygnus eTransactions Group, Inc.