VANCOUVER, April 27 /CNW/ - ESI Entertainment Systems Inc. ("ESI") (TSX:
ESY) and Citadel Commerce Corp, a wholly owned subsidiary of ESI, today
announced that one of Citadel's financial transaction processors has frozen
funds belonging to some of Citadel's merchants. The Company is working
diligently through its legal counsel to resolve the issue.
About ESI Entertainment Systems Inc.
ESI Entertainment Systems Inc. ("ESI") (TSX: ESY) provides products and
services to the international gaming and e-commerce industries through its
three principal subsidiaries, Citadel Commerce Corp., ESI Integrity Inc. and
PlayLine Inc. ESI's products and services, which primarily consist of payment
processing, transaction monitoring and turnkey gaming platforms, are deployed
in the on-line and land based gaming and e-commerce markets.
Forward- looking Statements
This news release contains forward-looking statements concerning ESI
Entertainment Systems Inc, which statements can be identified by the use of
forward-looking terminology such as "expect", "proposed", "may", "plan",
"intend", "will", "would" or the negative thereof or any other variations
thereon or comparable terminology referring to future events or results.
Forward-looking statements are statements about the future and are inherently
uncertain, and the actual events or results could be materially different than
those anticipated in those forward-looking statements as a result of numerous
factors discussed more fully in the Company's Final Prospectus dated March
22, 2006, Annual Information Form and elsewhere. These risks include risks
related to revenue growth, operating results, industry growth, changes in
regulation and legislation, products, technology, financing, competition,
personnel and other factors affecting the Company and its business, any of
which could cause actual events or results to vary materially from ESI's
anticipated future results. Forward-looking statements are based on beliefs,
opinions and expectations of ESI's management at the time they are made, and
ESI does not assume any obligation to update its forward-looking statements if
those beliefs, opinions or expectations, or other circumstances should change.
The Toronto Stock Exchange does not accept responsibility for this press
For further information:
For further information: ESI Entertainment Systems Inc., Tony Greening,
Chief Executive Officer, Telephone: (604) 299-6922, email: email@example.com,