ORLANDO, Fla., July 27, 2005 (PRIMEZONE) -- Cygnus eTransactions Group, Inc. (Pink Sheets:CYGT) today announced that Valleyfair, an amusement park located near Minneapolis/St. Paul, owned and operated by Cedar Fair, L.P., has launched print-at-home ticketing utilizing Cygnus' wireless, hand-held credential tracking system marketed under the brand name ceTracker(tm).
Admission tickets can now be purchased online at www.valleyfair.com, printed immediately by the customer, and authenticated by Cygnus' data center in real-time when the guest arrives at the park. Valleyfair staff are supplied with hand-held, wireless bar code scanners that operate the ceTracker software application.
"We are please with the access control system, and I am truly impressed with the customer support we receive from Cygnus," said Alan Schwartz, spokesperson at Valleyfair.
The ceTracker system functions as both an access control system that validates and redeems tickets and reservations in real-time, and as a private network, stored value card system for cashless transactions for purchasing tickets, rides, merchandise, food and beverages. Valleyfair sells admission tickets and season passes utilizing Cygnus' ceShop(tm) eCommerce ticketing application and is using the access control feature of ceTracker to validate tickets.
Cedar Fair, L.P. (NYSE:FUN) is a publicly traded partnership, which owns and operates seven amusement parks and five water parks. Cedar Fair's seven amusement parks are Cedar Point, located on Lake Erie between Cleveland and Toledo; Knott's Berry Farm in Buena Park, California, near Los Angeles; Dorney Park and Wildwater Kingdom near Allentown, Pennsylvania; Geauga Lake, located near Cleveland; Valleyfair near Minneapolis/St. Paul; Worlds of Fun, located in Kansas City, Missouri; and Michigan's Adventure near Muskegon, Michigan. The Partnership's water parks are located near San Diego and in Palm Springs, California and adjacent to Cedar Point, Knott's Berry Farm, and Worlds of Fun. Cedar Fair also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio.
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.
ceTracker and ceShop are trademarks of Cygnus eTransactions Group, Inc.