CryptoLogic Inc. Announces Acquisition Of Gamesmania Internet Magazine.TORONTO--(BUSINESS WIRE)--Jan. 6, 1999--CryptoLogic Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRY.) 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 pleased to announce that it has purchased the assets of Gamesmania, from Internet Frontier Inc. (iFront), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Microforum Inc. (TSE-MCF). For competitive reasons, the material terms of this transaction are not being publicly disclosed. Gamesmania is an award-winning Internet e-zine (electronic magazine), and one of the most popular video game sites on the Internet. Established in 1996, Gamesmania has millions of visitors a month and offers content provided by recognized leaders of the industry. The acquisition of Gamesmania is part of CryptoLogic's strategy of adding to growth through acquisition and increasing its presence in the entertainment/media segment of the Internet. CryptoLogic Inc. is an Internet software development company with leading proprietary technologies that enable secure, high-speed financial transactions over the Internet, and provide state of the art e-commerce and online gaming See gaming. applications to Internet casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. operators. CryptoLogic Inc. is a public company listed on the TSE, trading under the symbol CRY. There are currently 8.5 million common shares outstanding. |
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