Cryptologic Inc. Company Update.TORONTO--(BUSINESS WIRE)--Sept. 19, 1997--Cryptologic Inc. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. CRYP CRYP Cheyenne River Youth Project (Eagle Butte, SD) .) 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. . announced today that it had no news of any business developments to explain the current market activity respecting its shares. The Company is having discussions with respect to the possibility of settling the outstanding action brought by a shareholder. There can be no assurance that these discussions will lead to a settlement. The Company's next financial report for the 3rd quarter is not expected until October 1997. Cryptologic Inc. is a software development and support, and licensing company that provides computer software to licensees who conduct gaming activities over the Internet with their customers. Cryptologic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log is a public company and trades on the CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. under the
symbol CRYP and has approximately 7.4 million common shares outstanding.
CONTACT: Cryptologic Inc., Toronto Robert Stikeman, 416/367-1930 or Cryptologic Inc. Jenny Solursh, 416/545-1455 |
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