CYGT Cygnus ETransaction Group Inc (CE)

Cygnus eTransactions Group, Inc. (OTC: CYGT) announced the launch of a new online merchandise store for Snowbird Ski and Summer Resort. Snowbird currently sells lift tickets, lodging, ski lessons, spa appointments, and ski rentals using Cygnus' eCommerce application, marketed under the brand name ceShop(TM). The new functionality was enabled for Snowbird's WINGS retail store. "Selling logo merchandise is a critical component to Snowbird's business and the Cygnus tool has generated sales immediately," said Snowbird's Matt Crawley. "ceShop is a powerful and robust eCommerce application that makes even the most novice Internet shopper feel confident about their online purchase. We are very pleased that Snowbird is leveraging the merchandise component," stated Charles Stewart, President of Cygnus. 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. ceShop is a trademark of Cygnus eTransactions Group, Inc.