[0] CryptoLogic Raises Technology Bar With Next Generation Internet Gaming Software.Business & Technology Editors TORONTO--(BUSINESS WIRE)--Nov. 13, 2000 Software Brings New Interactivity, Realism & Consumer Control To World's Leading Internet Casinos CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CRYP CRYP Cheyenne River Youth Project (Eagle Butte, SD) ), a leading supplier of software to the Internet gaming and e-commerce industries, today announced the full commercial release of version 4.0 of its gaming software at many of the world's top Internet casinos. The software, which offers new games, greater interactivity and expanded consumer controls, widens CryptoLogic's lead over its competitors in the growing online gaming See gaming. market. "Once again, CryptoLogic has raised the technology bar to deliver real-world casino action," said Andrew Rivkin, CryptoLogic's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "For users, our new software offers a more realistic, interactive and secure gaming experience with brand name credibility. For online casinos, it means new and improved games to offer their customers. And for CryptoLogic, version 4.0 strengthens our position as the software leader in the Internet gaming world." Since July, CryptoLogic has been rolling out the new software to its brand name licensees around the world. Version 4.0 has now been fully implemented at Kiwi Casino (www.kiwicasino.com), InterCasino (www.intercasino.com), William Hill The name William Hill may refer to the following: People
Highlights of CryptoLogic's version 4.0 are new and enhanced single and multi-player games including bonus rounds and progressive games, an interactive casino floor populated with "real" players, table and seat selection, customizable player avatars, simpler registration and enhanced download capabilities, gaming and e-cash tutorials and online purchasing capabilities. As part of CryptoLogic's continuing commitment to safe and responsible gaming, the company has integrated new personal options and security features into version 4.0. Players can impose deposit and bet limits on themselves, place a temporary lock on their accounts and track their gaming activity and e-cash transactions online in real-time. The new software strengthens CryptoLogic's technology lead in the fast-growing online gaming market. Since 1996, the company has processed secure electronic transactions Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, specifically, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing worth more than US$4.5 billion from players in 240 countries. About CryptoLogic CryptoLogic Inc CryptoLogic Inc. is a Toronto-based online gambling software supplier, one of the four largest in the industry along with Microgaming, Playtech, and Real Time Gaming. CryptoLogic was founded by brothers Andrew and Mark Rivkin in 1995 from the basement of their parent's house. . is a leading software development company serving the Internet gaming market. The company's proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic continues to innovate and develop state of the art Internet software applications for both the electronic commerce and Internet gaming industries. There are currently 14.3 million common shares outstanding (15.7 million shares fully diluted). CryptoLogic Forward-looking Statements Disclaimer: Statements in this press release which are not historical are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. |
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