For technical detail read here...
http://www.ancientscripts.com/cypriot.html
What about the Greek alphabet?
http://www.usc.edu/uscnews/stories/3208.html
Need confirmation?
The Controversy: Who invented the alphabet, the Phoenicians or the Greeks?
Among the many suggestions referring to the place of adoption of the Phoenician signs by the Hellenes and the development of the alphabet most possible are the islands of Rhodes, Crete, and Cyprus and the trading colony at al-Mina in north Syria. However, recent archaeological evidence suggests that Cyprus, an island situated on the East-West Mediterranean trade routes and one of the major grading centers in the Mediterranean world in the ninth and eighth centuries BC, should be considered as the actual place of the adaption by visiting traders from Hellas, who created the alphabet in order to facilitate their mercantile transactions.
http://phoenicia.org/alphabetcontrov.html
Stay tuned...