CryptoLogic Subsidiary Licenses Advanced Multimedia Technology.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--March 3, 2004 ALL DOLLAR AMOUNTS IN US$ CryptoLogic Inc. (Nasdaq:CRYP CRYP Cheyenne River Youth Project (Eagle Butte, SD) )(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. )(TSX:CRY), a leading software developer to the Internet gaming and e-commerce industries, announced that its subsidiary, WagerLogic Limited, has entered into a technology license agreement with Dr. Scott Lewis, a developer of Internet applications, to use Lewis' patented optimization technology for online gaming products. "This technology license will enhance our ability to deliver high-quality multimedia information to our customers, which is in keeping with our strategy to offer exciting and engaging online gaming entertainment," 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. . Dr. Lewis added, "I am pleased to have CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log , a global
leader in online gaming software, as a licensee utilizing the latest in
our multimedia and Internet technologies."
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), the Nasdaq National Market (symbol: CRYP) and 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 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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