SOURCE: Cygnus eTransactions Group, Inc.

April 11, 2006 16:26 ET

Cygnus Releases Software Upgrade, Pursues Leadership Position in Multi-Billion Dollar Industry

ORLANDO, FL -- (MARKET WIRE) -- April 11, 2006 --Cygnus eTransactions Group, Inc. (OTC: CYGT) today announced that it has upgraded and launched the newest version of its proprietary integrated financial processing system, marketed under the brand name cePay™.

cePay is a unique XML-based payment card processing application that processed over $200 Million in transactions in 2005 and is independently certified to comply with the Payment Card Industry Data Security Standard.

"The completion of this move to the latest version of cePay, along with a change to a new processing partner, provides Cygnus and our clients an even greater level of security. cePay enables Cygnus to become a leading financial processor for the travel and leisure industry, a multi-billion dollar marketplace that Cygnus continues to pursue aggressively. The upgrade provides Cygnus with greater reporting capabilities, better cost control and greater flexibility when acquiring new clients in both the ticketing and the merchant services segments of our business. As we increase transaction volume we will generate incrementally higher margins from this part of our business," said Rick Crowley, CEO.

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

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.

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