Advisory: CryptoLogic To Hold Analyst Conference Call To Discuss Its 2001 First Quarter Results.

Business Editors

TORONTO--(BUSINESS WIRE)--April 11, 2001

CryptoLogic Inc. (Nasdaq:CRYP)(TSE:CRY.) announced today that on Monday, April 16, 2001 before market opens, the company will release its financial results for the first quarter ended March 31, 2001.

Jean Noelting, president and CEO of CryptoLogic, cordially invites you to participate in the company's analyst/shareholder conference call to be held on the same day at 10:00 a.m. (Eastern time). Management will review the results for 2001 first quarter as well as speak to the company's future outlook, to be followed by a question and answer period.

Date:                      Monday, April 16, 2001
Time:                      10:00 a.m. EST
Local Dial-In Number:      416-695-5801
Toll Free Dial-In Number:  1-800-478-9326

To participate in the call, please dial 1-800-478-9326 or 416-695-5801 five to ten minutes prior to the 10:00 a.m. initiation of the teleconference. This conference call will be recorded and available for instant replay approximately one hour after the completion of the call, up until midnight, April 23, 2001. To listen to the replay, please dial 1-800-408-3053 or 416-695-5800, enter passcode 747721.

About CryptoLogic

CryptoLogic Inc. is the leading software development company serving the fast-growing 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. For more information, visit www.cryptologic.com.