CryptoLogic Releases New Version Of Online Poker Software.Entertainment Editors/Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--April 15, 2004 ALL DOLLAR AMOUNTS IN US$; Added excitement of multi-table tournaments strengthens CryptoLogic's position in the fastest-growing segment of Internet gaming 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) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRY) (LSE LSE - Language Sensitive Editor :CRP C-reactive protein (CRP) A protein present in blood serum in various abnormal states, like inflammation. Mentioned in: Pelvic Inflammatory Disease CRP, n.pr See C-reactive protein. ), a leading software developer for the Internet gaming and e-commerce industries, announced the release of an exciting new version of its increasingly popular Internet poker software through its WagerLogic subsidiary. The new software is available at many of the world's top Internet gaming sites including williamhillpoker.com, intercasinopoker.com, littlewoodspoker.com, caribbeansunpoker.com, ukbetting.com, and pokerplex.com. This spring, Betfair, the largest online betting exchange in the world, will also launch its new poker site using CryptoLogic-developed software. "With the latest version of CryptoLogic's online poker offering, we're strengthening our hand in the fastest-growing segment of the Internet gaming market," said Lewis Rose, 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. . "By delivering market-responsive gaming solutions such as more tournament options, CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log is helping licensees increase player traffic and multiply
revenue prospects."
Today's announcement positions CryptoLogic for continued growth as online poker maintains its spectacular rise in popularity with both Internet gamers and the more traditional land-based players. Internet poker has grown to a current annual run rate of over $900 million according to PokerPulse - more than a nine-fold increase in the past year - and now exceeds 15% of the global Internet gaming market. Through its WagerLogic subsidiary, CryptoLogic already powers one of the top ten-ranking poker rooms on the Web. Its most recent poker release introduces No Limit/Pot Limit games and multi-table tournaments - a huge marketing draw for Internet poker players. Expanded tournament options also offer licensees the opportunity to hold freeroll tournaments, where players get a free chance to win big. Increased game speed, easier-to-use screens, new and improved chat, and an enhanced game log that gives players an interactive view of their previous hands are all enhancing the gaming experience and driving increased play. About CryptoLogic (www.cryptologic.com) Focused on integrity and innovation, CryptoLogic Inc. is a leading software development company serving the global Internet gaming market. The company's proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic continues to develop state-of-the-art Internet software applications for both the electronic commerce and Internet gaming industries. WagerLogic Ltd., a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to customers worldwide. For more information on WagerLogic, visit www.wagerlogic.com. 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. (symbol: CRY), on the Nasdaq National Market (symbol: CRYP), and on the Main Market of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (symbol: CRP). CRYPTOLOGIC FORWARD LOOKING STATEMENT 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 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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