CryptoLogic Announces New Language Version and Version 4.0 Update.TORONTO--(BUSINESS WIRE)--Dec. 8, 1999-- 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. .(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRY.) CryptoLogic Inc. is pleased to announce the completion of a Spanish language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons version of the Company's online gaming software. The new Spanish version is in-line with the Company's overall strategy to further expand its presence in International markets. The Spanish language is in addition to the Japanese language version, which has been operating successfully for over two years. The Spanish version is based on version 3.0 of the casino gaming software technology and includes translated help files, dealer voice-overs and table images. This software will be offered to all existing licensees and should act as a catalyst for new licensees. The Company is also completing development of version 4.0 of its online casino gaming technology. This version is in the Alpha testing stage and is scheduled for worldwide release early in the New Year. This new version will include such features as; a VIP room for bigger stakes, progressive jackpots, easier step by step installation process, a variety of new games, DirectX compatibility for faster and smoother animations, a new interactive 3D environment including player avatars, enhanced audio features and dealer voices, new 3D elements (cards, slots etc.) and a larger screen layout. CryptoLogic Inc. is a software development company with leading proprietary technology enabling secure, reliable, high-speed, private financial transactions over the Internet. CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log continues to innovate and develop state of the art Internet software applications for both the electronic commerce and Internet gaming industries. CryptoLogic's common shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CRY. There are currently 8.6 million common shares outstanding (15.6 million shares fully diluted). CRYPTOLOGIC FORWARD-LOOKING STATEMENT forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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