ORLANDO, Fla., June 29, 2005 (PRIMEZONE) -- Cygnus eTransactions Group, Inc. (Pink Sheets:CYGT) today announced that Paramount Parks (NYSE:VIA.B) have signed an agreement with Cygnus to provide theme park tickets through AOL(r) CityGuide, a leading provider of local entertainment information online, available free on the Web at aolcityguide.com.
Tickets for Paramount's Carowinds (Charlotte, N.C.); Paramount's Great America (Santa Clara, Calif.); Paramount's Kings Dominion (Richmond, Va.); and Paramount's Kings Island (Cincinnati, Ohio) and STAR TREK: The Experience at the Las Vegas Hilton (Las Vegas, Nev.) will soon be available at aolcityguide.com. Visitors can find tickets by typing in the names of these theme parks, or the phrase "theme parks," within AOL CityGuide's search window.
All tickets will be delivered to consumers as Print-at-Home tickets utilizing Cygnus' proprietary ceTicket(r) technology. Cygnus is in discussion with a number of other theme parks and attractions and expects the number of vendors participating in the program to increase substantially.
About Paramount Parks
Paramount Parks, headquartered in Charlotte, N.C., is a leading developer and operator of world-class theme parks and location-based entertainment attractions, entertaining more than 13 million guests annually. The company currently owns and operates five of the most popular theme parks in North America including: Paramount Canada's Wonderland (Toronto, Ontario, Canada); Paramount's Carowinds (Charlotte, N.C.); Paramount's Great America (Santa Clara, Calif.); Paramount's Kings Dominion (Richmond, Va.); and Paramount's Kings Island (Cincinnati, Ohio). The company also developed and manages the award-winning STAR TREK: The Experience at the Las Vegas Hilton (Las Vegas, Nev.) and manages Bonfante Gardens horticultural theme park (Gilroy, Calif.); CBS Television City at the MGM Grand Hotel & Casino (Las Vegas, Nev.); and Terra Mitica theme park (Benidorm, Valencia, Spain).
Paramount Parks is part of the Viacom Entertainment Group.
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.
ceTicket is a registered trademark of Cygnus eTransactions Group, Inc. AOL is a registered trademark of America Online, Inc.
Legoland is a registered trademark of Lego A/S. Diego Zoo and The San Diego Wild Animal Park are trademarks of the Zoological Society of San Diego. Cedar Point, Knott's Berry Farm and Soak City are trademarks of Cedar Fair, L.P. (NYSE: FUN)