ORLANDO, Fla., Sept. 15, 2005 (PRIMEZONE) -- Cygnus eTransactions Group, Inc. (Pink Sheets:CYGT) today announced it has added new functionality to its existing ticketing and reservation system specifically developed to digitize many labor intensive processes commonly associated with special events. New features include online registration for players, participants, volunteers and officials, as well as sponsorship packages with online distribution of individual tickets, passes and entitlements. The Company claims that the system's new capabilities make event management significantly easier, while enabling detailed data about patrons to be captured and analyzed at a level that is not currently available.
"After spending time with event managers, we discovered a void that Cygnus could fill very effectively. A small development effort produced an extremely powerful set of online tools that automate many labor intensive processes," said Jeff Johnson, Chairman. "Ultimately, the system will benefit event managers and staff, sponsors, charities, patrons and all participants," added Johnson.
About Cygnus eTransactions Group, Inc. (Cygnus)
Cygnus provides ticketing, reservation and event management solutions on a fee per transaction basis for theme parks, attractions, live entertainment venues, sporting events and resorts. Cygnus serves as a technology partner for its customers, enabling sales through online stores, ticket offices, call centers, kiosks and ticket brokers. Cygnus provides a complete suite of complimentary products and services, including print-at-home ticketing, electronic will-call, event registration and credential distribution, access control, stored value cards, payment processing, management tools, real-time reporting and web analytics. 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.
cePay is a trademark of Cygnus eTransactions Group, Inc.