Cryptologic Software Delivers Down Under Excitement With Kiwi Casino.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 5, 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.) Cryptologic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp  to·log Expands Australasian Presence With Latest Internet Casino Launch CryptoLogic Inc., a leading software supplier to the Internet gaming and e-commerce industries, today extended its reach into the burgeoning Australasian market. Internet casino investment by an overseas affiliate of the New Zealand-based Christchurch Casinos Limited group, has used CryptoLogic's online gaming and e-cash technologies to launch a new virtual casino adventure, Kiwi Casino. Kiwi Casino, named for New Zealand's national bird, delivers to players "play for real" casino excitement deep in the exotic sub-tropical rainforests of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . No passport is required, just click on destination, www.kiwicasino.com. "CryptoLogic continues to widen its international presence with the launch of Kiwi Casino," 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 have raised the bar again. Teaming up with one of Australasia's leading casino groups, CryptoLogic has undoubtedly introduced one of the best casino experiences on the Web today. Kiwi Casino is sure to attract customers from around the world." Rivkin added, "CryptoLogic has demonstrated that its Internet technology allows players to let their imagination run wild beyond the boundaries of traditional brick and mortar See bricks and mortar. casino businesses. The result is Kiwi Casino, a virtual high-end casino that will transport its customers to the exotic sounds and lushness of New Zealand, all from the comfort and security of their own homes." "The flair and creativity with which CryptoLogic has produced Kiwi Casino has been first class," said Barry Thomas, Chairman of Christchurch Casinos Limited. "Our affiliate's investment in this online venture is its first step into the fast-growing Internet gaming market." Kiwi Casino is celebrating its online debut with big promotions ranging from gifts, match deposits, a $100,000 Break the Bank free game and the ultimate chance to win a luxury week in New Zealand. About the Christchurch Casinos Limited Group The Christchurch Casinos group is one of Australasia's prestigious casino organizations. Its land-based casino interests in New Zealand attract visitors from around the world including Australia, Asia, Europe and North America. 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 14.3 million common shares outstanding (15.8 million shares fully diluted). CRYPTOLOGIC FORWARD-LOOKING STATEMENT forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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