CryptoLogic Joins TSE 300 Index.Business Editors TORONTO--(BUSINESS WIRE)--July 21, 2000 CryptoLogic Inc.(NASDAQ NASDAQ in 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) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRY.) Internet Gaming Software Leader Marks Another Milestone in Its Growth CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log , a leading supplier of software to the Internet gaming and e-commerce industries, has joined the TSE 300 Index The TSE 300 index was a stock market index that tracked the prices of 300 highly influential stocks which were traded on the Toronto Stock Exchange. Since May 1, 2002, it has been replaced by the S&P/TSX Composite Index. . Standard & Poor's Canadian Index Operations has added the company to the TSE 300 Composite in the Industrial Products Group and to the S&P/TSE Canadian SmallCap in the information technology sector. "This is an exciting milestone in CryptoLogic's growth," 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. . "We see this as a validation of CryptoLogic's strategy of developing leading Internet gaming software and licensing it to reputable brand name operators in regulated environments around the world." Since entering the Internet gaming software market in 1996, CryptoLogic has enjoyed significant growth and profitability. The company's software has been used by over 500,000 people in 240 countries, and CryptoLogic has processed secure electronic transactions worth more than $4 billion. Industry analysts continue to forecast rapid growth for the global on-line gaming market in the years ahead, and CryptoLogic is well positioned to capitalize on this demand. About CryptoLogic CryptoLogic Inc. is the 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. 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 symbol the CRY and on the Nasdaq National Market under the symbol CRYP. There are currently 14.4 million common shares outstanding (15.6 million shares fully diluted). CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER: Statements in this press release which are not historical are forward-looking statements made pursuant to the safe harbor 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 relating to international operations, 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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