Sunday, November 30, 2008

Marvel Heroes Slot Games Updated

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Saturday, November 29, 2008

CryptoLogic to Provide Online Casino Games for GigaMedia Casinos

CryptoLogic has just announced an exclusive contract with GigaMedia Casinos over the next few years. With two of the biggest names in Online Casino software together, both companies look set to give their Online Casino players a multitude of fun and exciting new Casino software.

The terms of the contract state that CryptoLogic will be the only external provider of Online Casino software across all of GigaMedia's Online Casinos. These include casinos like PartyCasino, InterCasino and LuckyAceCasino.

CryptoLogic plans to initially release Online Casino software in a few limited languages this quarter, but plans to expand language selection early next year.

This means a whole new selection of games available in almost every language for GigaMedia's range of Online Casinos including PartyCasino, InterCasino and LuckyAceCasino.

Brian Hadfield, the president and chief executive officer of Cryptologic, was proud to say: "I've said before that CryptoLogic's core strengths are the development of the industry's most innovative casino games and licensing our exceptional casino software to the top gaming sites around the world. CryptoLogic's exclusive partnership with GigaMedia clearly demonstrates the international appeal of our highly successful casino software, a strength on which we will continue to focus and build moving forward."

With more than 200 games under its belt, CryptoLogic has one of the largest and most comprehensive collection of Online Casino games. This is of great news to GigaMedia's Online Casinos, with places like Party Casino and InterCasino set to receive a whole new collection of Online Casino games as well as updated software.

"We are committed to delivering players the best online entertainment, and this exciting line-up from CryptoLogic featuring world-famous action heroes can help us do just that." stated Bob Cahill, chief executive officer of GigaMedia's gaming software division.

Lastly, Justin Thouin, Vice-President of Product Management and Business Development for CryptoLogic, had this to say: "Today's announcement combines CryptoLogic's award-winning online casino expertise with GigaMedia's established and growing player base."

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Friday, November 28, 2008

CryptoLogic Consolidates Its Market Position by Joining Forces with Top Slot Game Developer to Broaden Distribution of Leading Branded Content

CryptoLogic Consolidates Its Market Position by Joining Forces with Top Slot Game Developer to Broaden Distribution of Industry Leading Branded Content

Exclusive deal with NextGen Gaming gives CryptoLogic access to a global online and land based distribution network and cements its position as the leader in branded content provision in the online gaming space

7th November 2008

DUBLIN, IRELAND, Nov 07, 2008- CryptoLogic Limited, a leading software developer to the global Internet gaming market, has signed an exclusive multi-year agreement with NextGen Gaming, the world's leading independent developer of slot games for the international gambling industry.

Under the deal, CryptoLogic will collaborate with NextGen to develop new branded slot games for the company, and in return, NextGen will provide branded games exclusively to CryptoLogic within the online gaming space. Additionally, the companies will combine their extensive sales and distribution networks to allow CryptoLogic to license these branded games to the world's top online and land-based organisations. Next Gen has existing commercial relationships with a great majority of the top operators and suppliers in the industry.

The ultimate goal of the collaboration is to ensure that branded content providers look no further than CryptoLogic when choosing a partner with whom to take their brands into the online gaming space. This will be achieved by continuing to create the best games in the industry and by ensuring that the games are live at as many top operators as possible.

"For CryptoLogic, this is a most significant and unique strategic partnership - one that gives us new access to one of the industry's broadest, deepest and most successful distribution networks," said Brian Hadfield, CryptoLogic's President and CEO. "This will allow CryptoLogic to deal with the best brands, develop the best games, and deliver the best experiences to players around the world - whether they're on land or online."

"Branded content in gaming is powerful, because it combines a familiar theme with an exciting new experience," said Matt Davey, CEO of NextGen Gaming. "In selecting CryptoLogic as our Internet gaming software partner for branded content, NextGen has chosen a pioneer, an innovator and a leader. It's a powerful partnership that promises both performance and profitability."

In recent years, CryptoLogic and NextGen have worked together and distinguished themselves with highly successful branded slot games, including titles based on the world-famous Marvel Super Heroes, Street Fighter II, and the highly anticipated King Kong. CryptoLogic has also excelled with casual branded games such as Bejeweled, Cubis, and Jewel Quest. As one element of its new strategy, CryptoLogic plans to consolidate its leadership position in this area by aligning with additional content providers to bring the best brands, with the best games to the online gaming market.

"In 2008, CryptoLogic has shown innovation not just with its games, but also with its partnerships," added Justin Thouin, CryptoLogic's Vice President of Product Management and Business Development. "With a partner like NextGen - who knows the industry like very few others, and who has a distribution network like few others - CryptoLogic will take its software to new people and new places. With this agreement, CryptoLogic cements its position as the undisputed leader in the provision of branded content in the online gaming space. We can now offer the best games, and the broadest distribution network with our ability to tap into all of the online and land based partnerships that CryptoLogic and Next Gen have established."

About CryptoLogic(R) ( www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic(R) Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange, the NASDAQ Global Select Market and the Main Market of the London Stock Exchange).

About NextGen Gaming(R) (www.nextgengaming.com)
NextGen Gaming Pty Ltd is the world's leading independent supplier of innovative games to the gambling industry. NextGen has delivered hundreds of games to its international partners and gained a reputation for delivering the best player experience. The company prides itself on delivering exceptional game performance and game longevity that translates into profit for its partners and a great experience for their players.

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 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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New Marvel Online Casino Slots From Cryptologic, by Devon Chappell

10th December 2007

Cryptologic is gearing up for another new casino game release, and this time around it's none other than the wildly popular Spider Man and the Fantastic Four. The online casino and poker room software developer published a preliminary press release announcing the developmental progress of the new games, which they promise to be the most advanced of their ever increasing lot of Marvel series video slots.

After getting their exclusive license renewed with Marvel Comics, it seems like Cryptologic and their software developer subsidiary, Wagerlogic, have been on a non-stop quest to turn every Marvel superhero into a slot machine. Now with over ten different slots, including Thor, X-Men, Daredevil, The Hulk, Blade, Silver Surfer, Ghost Rider, The Punisher, Iron Man and Elektra, the addition of The Fantastic Four and Spider Man certainly makes Cryptologic's lineup of Marvel slots an impressive one.

The release of Spider Man could not have been better timed considering just how popular this superhero has become over the years. The last Spiderman movie alone grossed over $336 million on the big screens, which doesn't even count the tremendous amount of DVD, video game and merchandise sales still going strong. There is no doubt that online casino gamblers will be tempted to give the Spider Man slot a spin simply because of the novelty and entertainment value. Such was the case when the X-Men slots and The Hulk came out, both of whom enjoyed considerable success at the box offices as well.

An exact release date has not been given just yet, but Cryptologic says it is right around the corner. According to the recent press release, the new games will incorporate a story-line into the gambling action, other wise known as interactive slots. Considering the sharp graphics of Cryptologic's current online casino platform, the new games should be a treat for both the players and fans of Spider Man and the Fantastic Four.

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Fantastic Four

Marvel comic legend and blockbuster movie heroes, The Fantastic Four now comes to you as an action-packed online slot game.

This amazing game features 5 different bonus feature choices, each with their own unique character animation from the Human Torch igniting the screen on fire to Thing smashing multipliers or the dreaded Dr. Doom ending the game with his mere appearance.

The only difficulty here will be deciding which character to play.

If all this action isn't enough for one slot game, you'll also benefit from the Marvel Jackpot feature. This consists of three separate jackpots, beginning at £50 (Hero Jackpot), £500 (Super Hero Jackpot) and £5,000 (Marvel Hero Jackpot).

Each jackpot rises as you continue to play, until you are awarded one of them. Even more amazingly, these prizes are totally random and can occur at any time. No matching symbols are required!

Wager from 1p to £5 per line as you match symbols on up to 25 lines.

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Marvel's Incredible Hulk, Spider-Man and X-Men via Media Man Australia

Super Hero Themed Casino Games Strengthen Media Man

Sydney, Australia, 27th November 2008

Today an exciting new lineup of cash-wager games for Media Man Australia and Casino News Media featuring Hulk, Spider-Man, X-Men and other Super Heroes from Marvel Entertainment, Inc.'s world famous universe of action characters.

Over 40 new games will join the Media Man Australia and Casino News Media suite, with rollout expected over the coming months.

"These exciting entertainment industry icon branded games are a fantastic addition for our casino platform," stated Greg Tingle, founder and director of Media Man Australia and Casino News Media.

The Marvel offering will include a broad array of slots and video poker in both downloadable and Adobe Flash software versions. Games will be available in multiple languages across the Media Man Australia and Casino News Media gaming platform.

The expansion of Media Man Australia's gaming's platform to include branded games results from a new partnership with CryptoLogic Inc., a leading developer and supplier of Internet gaming software.

About Media Man Australia
A Sydney based media and publicity company specialising in entertainment, lifestyle, gaming, technology and community. The Media Man Australia website portal has been a Hitwise Australia top ten finalist for five consecutive years and attracts one million hits per month on average. Media Man Australia has conceptualised and executed some of Australia's most successful media and publicity campaigns. For additional information, visit http://www.mediaman.com.au

About Casino News Media
Casino News Media is the casino, online casino and gaming arm of Media Man Australia. Casino News Media reports on casino and gaming news in addition to having a range of strategic partnerships with leading casino and gaming operators. For additional information, visit http://www.casinonewsmedia.com

About Marvel Entertainment
Marvel Entertainment, Inc. is a leading global character-based entertainment company that has developed and owns a library of more than 5,000 characters, which have entertained generations around the world for over 60 years. Marvel's operations are focused in entertainment and consumer product licensing and comic book publishing. Marvel Studios supports the development of feature films, DVD/video products and TV series. Marvel's creative team also supports the creation of video games and toy lines based on its characters as well as for a broad and growing range of consumer products and services including apparel, collectibles, foods and promotions. Marvel's comic book division is a leading publisher in the global marketplace while also serving as an invaluable source of intellectual property. Marvel's Toy Biz division is a recognized creative force and leader in toy design, sales and marketing, developing and overseeing both licensee and in-house toy lines. For additional information, visit http://www.marvel.com

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Marvel Slot Games

Since there introduction in 2005 and new additions (Thor and Silver Surfer) in 2006, this range of Marvel Slot Games have proved immensely popular with online slots players. This may well be in part to recent box office hit movies featuring famous Marvel characters such as the Hulk, the 3 X-Men movies, DareDevil and Electra. Due to the movies the characters of some these marvel slots are already household names.

Plus there's no doubt some very interesting comic characters that you may just be discovering now for the first time such as the Silver Surfer.

Each Marvel slot game (not including the Hulk Fruit Machine) boasts 3 progressive jackpots. All of these jackpots payout on average every few hours. Also, you don't even need to hit a winning combination. The jackpots are paid out randomly on any spin. So the more you bet and play the more chance you have to win a jackpot.

The 3 progressive Jackpots are:

Marvel Jackpot: Which starts at: $5000.00

Super Hero Jackpot: Which starts at: $500.00

Hero Jackpot: Which starts at: $50.00

All the games can be played for free and its quite rare to be able to play free progressives slots. Obviously any money you do win will only be free play money.

It's also a testament to the quality and trust of the Cryptologic software and the casinos that use them that Marvel have chosen to work with Cryptologic and allowed them to create these games using the famous Marvel brand and characters.

In 2005 when the first of the Marvel slots were released was the same year that Cryptologic were awarded 'Best Online Casino Software' and these new games undoubtedly helped them win that award.

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Thursday, November 27, 2008

CryptoLogic Announces Q3 Results, Executes New Strategy for Growth

DUBLIN, IRELAND, Nov 13, 2008 - ALL FINANCIAL FIGURES ARE IN US$

CryptoLogic Limited, a world leader in Internet gaming software, today reported its financial results for the three months ending September 30, 2008. The company posted revenue of $14.0 million and a net loss of $5.9 million, including a foreign exchange loss of $4.2 million. CryptoLogic also projected a favourable outlook for 2009 following significant new customer wins and yesterday's announcement of a new strategic poker partnership with GTECH Corporation that will help reduce operating expenses and increase profitability.

By partnering with GTECH's International Poker Network in 2009, CryptoLogic will give its licensees and players access to a larger network, while helping to reduce annual operating expenses by $12-15 million. This move is part of CryptoLogic's strategy to achieve revenue growth and profitability by focusing exclusively on its very popular branded games and its Internet casino business. The shift will enable the company to build on its fast-growing list of major casino customers and its leadership in the branded gaming space.

"In a challenging year for our company and our industry, we recognize that we must do better - and that is why CryptoLogic is aggressively implementing its strategy to achieve profitability and growth in 2009," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic's proven casino offering is attracting new customers more swiftly than ever before, and our branded games have earned the confidence of some of the world's biggest gaming operators. And we have already begun reducing our operating costs - a trend that will continue as we implement our new poker partnership."

As announced in September, the company also booked a significant foreign exchange loss in the quarter due to the rapid and unexpected appreciation of the U.S. dollar against the U.K. sterling and the euro, CryptoLogic has since moved substantially all of its cash and marketable securities into U.S. dollars to minimize the impact of further currency market volatility.

In light of the results, the company's board of directors has declared a quarterly dividend of $0.03 per common share, a reduction from the previous level of $0.12. The continuing payment of a dividend, even in a challenging year, reflects the board's confidence in CryptoLogic's strategy to return to growth and profitability in 2009.

OPERATIONAL HIGHLIGHTS:

New distribution channels

* CryptoLogic has found attractive and lucrative opportunities licensing some of its leading games to large global Internet gaming operators such as 888.com and the company's newest customer, PartyGaming. These agreements offer significant revenue potential for 2009 and beyond.
* Based on the success of the initial launch of CryptoLogic's games in early October, 888.com has ordered 10 more, bringing the total number of games to 13.

Internet casino: licensing & launches

* In August, CryptoLogic announced a three-year contract with the Gaming Media Group Limited, owner of The Poker Channel(R), Europe's largest dedicated gaming television network. CryptoLogic will develop an Internet casino using its award-winning casino software. The site will be available to players around the world - in five languages - later this year.
* CryptoLogic also announced a three-year casino licensing contract with Sky Betting & Gaming, part of BSkyB Group plc (BSkyB), the U.K.'s leading entertainment brand. A selection of CryptoLogic's top non-downloadable casino games will be available on SkyVegas.com by early 2009.
* Subsequent to quarter end, CryptoLogic launched a new site for Betjacks, one of the company's new European clients. The site went live on November 4, 2008.
* CryptoLogic announced an exclusive multi-year licensing contract with GigaMedia Limited, a major provider of online entertainment software and services. CryptoLogic will be the only external provider to offer casino software across the Everest Gaming platform - GigaMedia's highly popular gaming technology offering.
* Innovation and branded games
* CryptoLogic launched a new game pack featuring Sub-Mariner, another famed Marvel Super Hero, and 4 Deck Multi Hand Video Blackjack, a patent-pending product developed exclusively by CryptoLogic.
* Subsequent to the quarter end, CryptoLogic launched Bonus Pack 15, a new seven-game lineup featuring branded games based on Merian C. Cooper's King Kong and the popular Casinomeister portal, new European Blackjack and upgraded European Roulette software, and other innovations.
* On November 7, CryptoLogic announced an agreement with NextGen Gaming, the world's leading independent developer of slot games, under which the two companies will collaborate on both the development and the distribution of branded games.

New markets

* In August, CryptoLogic's investment in Mahjong Time showed its significant potential when the company signed a licensing agreement to gain access to 50 per cent of the Internet cafes in China.
* In early October, CryptoLogic announced an exclusive licensing agreement with Kurastica, an operator doing business in Russia and the Commonwealth of Independent States (CIS). The multi-year deal means Kurastica will begin offering CryptoLogic's award-winning Internet casino software through various channels in early 2009.

FINANCIAL PERFORMANCE

Total revenue: CryptoLogic's revenue for Q3 2008 was $14.0 million, a decrease of 16.4% from the second quarter and 19.7% when compared with the same period of 2007. The company's Internet casino revenue was slightly over $10.1 million, compared with $10.8 million in the second quarter. Poker revenue was $3.2 million, down from $3.6 million in Q2. The company attributes these decreases to a combination of reduced Internet gaming in the summer months and reduced marketing activity by one of its major licensees.

Revenue for the nine months ended September 30, 2008 was $50.2 million, a decrease of 5.9% when compared with the same period of 2007 (September 30, 2007: $53.3 million). However, after adjusting for certain non-recurring benefits recorded in the first nine months of both 2008 and 2007, revenue was essentially flat when compared to the same period of last year.

Expenses: Operating expenses for the quarter ended September 30, 2008 were $16.5 million, or 117.5% of revenue (Q3 2007: $11.8 million or 67.3% of revenue). For the nine months ended September 30, 2008, operating expenses were $44.1 million or 87.9% of revenue (September 30, 2007: $36.7 million or 68.9% of revenue). Operating expenses increased primarily due to a $4.2 million loss on foreign exchange recorded during the quarter as the U.S. dollar appreciated by approximately 10% against both the U.K. pound and the euro during a period where the company had significant net asset positions in these currencies. CryptoLogic has since moved substantially all of its cash and marketable securities into U.S. dollars, the company's reporting currency, to minimize the reported impact of further currency market volatility. Operating expenses in Q3 2008 were favorably affected by reduced compensation costs, reduced costs recorded in connection with the company's long-term incentive plan, and e-cash processing fees.

Earnings and Earnings per Diluted Share: Due to the reduced revenue and higher expenses noted above, the company recorded a loss for the quarter of $5.9 million, or $0.45 per fully diluted share. The increased loss was due primarily to the $4.2 million loss on foreign exchange recorded during the period, as well as increased operating, general and administrative costs, and decreased interest income in Q3 2008. The loss for the nine months ended September 30, 2008 was $6.8 million, or $0.50 per fully diluted share.

Balance Sheet and Cash Flow: CryptoLogic's working capital at September 30, 2008 was $52.9 million or $3.82 per diluted share (June 30, 2008: $63.3 million or $4.54 per diluted share.). Net cash (comprised of cash, cash equivalents and short-term investments) was $48.7 million (June 30, 2008: $64.4 million). The decrease in working capital during the three and nine months ended September 30, 2008 is primarily due to purchases of capital assets, purchase of long term investments, primarily in Asia, shares repurchased under our normal course issuer bid and payments of dividends.

STRATEGIC UPDATE

On October 20, 2008, CryptoLogic announced a new strategy that features a change to its business model:

* Casino licensing: Internet casino is by far CryptoLogic's most profitable business, and the company expects significant revenue growth from this segment in 2009, thanks to the 10 new customers signed in 2008, and others to come. CryptoLogic will continue to sell customized casino solutions to both established and emerging gaming brands.
* New channels for CryptoLogic games: With the highest-rated casino games on the market, CryptoLogic has found attractive opportunities selling its leading games to other top brands, such as 888.com and PartyGaming. These and other large global gaming sites offer significant revenue potential for 2009 and beyond.
* Branded content: The company has been a pioneer in taking top entertainment brands - from legendary superheroes to world-famous video and casual games -- and converting them into highly popular and profitable casino products. CryptoLogic will focus and build on this expertise.
* Poker partnership: CryptoLogic is outsourcing its poker network to increase liquidity and profitability for customers, while reducing the company's own expenses substantially. - New markets: The company will continue to develop its business and manage its recent investments and new relationships in China, Korea, Russia and Singapore to achieve long-term growth.

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New CryptoLogic Casino Games are Frightfully Innovative

Latest casino games introduce Elektra, Ghost Rider and new Frightmare series to award-winning line-up

TORONTO, ONTARIO, Jan 11, 2007 - CryptoLogic Inc, a leading software developer to the global Internet gaming industry, has developed 16 innovative new games that continue to deliver unlimited action, stunning animation and incredible jackpots - but this time with a frightening edge. Vampires, witches and warlocks will challenge Internet players as CryptoLogic's casino Bonus Pack 10, offered through its WagerLogic Limited subsidiary, introduces hair-raising Frightmare Jackpot Slots, and the latest slots based on Marvel Super Heroes, including Elektra, Ghost Rider and Iron Man. The game pack also includes the first-ever slot version of Cubis(R), the enormously popular casual game.

"CryptoLogic's strength lies in developing and delivering unique, innovative games that today's sophisticated Internet players want and that online casino operators need in an increasingly competitive market," said Lewis Rose, CryptoLogic's President and CEO.

Justin Thouin, CryptoLogic's Vice President of Casino Software Development, noted, "Players want more choice, more excitement - and more chances to win. Our dynamic new lineup of games offers innovative bonus rounds, powerful graphics and multi-level slots that will keep players spellbound and keep our licensees' ahead of the competition."

The spine-tingling Frightmare Jackpot Slot series combines the excitement and variety of jackpot and bonus slots with the fright of classic horror storylines. Players can battle armies of the undead with Zone of the Zombies, witness warlocks cast spells with Witches and Warlocks and hunt vampires in Vampire Bats. With up to 25 lines of play and bets starting at a penny, these are thrilling games that must be played with the lights on!

Fans of the popular Marvel Super Heroes can enjoy more online gaming action with the addition of Elektra, Ghost Rider and Iron Man slots. Like CryptoLogic's other exciting Marvel slots, including the Hulk, Thor, X-Men, Blade, Punisher, Daredevil, and Silver Surfer, the new roster offers innovative bonus rounds. Players can bet on Iron Man as he uses his powers to smash skyscraper windows to unlock hidden bonus amounts, or back Ghost Rider as he drives through a spooky scrap yard freeing trapped innocents from cars with his trusty Chain Whip, or wager on Elektra as she faces off against an army of enemy ninjas in a dark alleyway.

Building on the huge popularity of Bejeweled, CryptoLogic has introduced the first-ever online slot version of Cubis(R) - a game that is consistently ranked as one of the top 10 games played on major portals such as Yahoo!, AOL and MSN. Featuring a three-dimensional board, intense graphics, a variety of game backgrounds, hidden secrets and jackpots up to 50,000 coins, Cubis is quickly becoming a player favourite.

The game pack also incorporates a variety of 25-line slot titles including: Silver Star, Thai Surprise, Time Machine, Caesars Salad, Thunder from Down Under and Mystique Club. Plus, CryptoLogic has unveiled new 50 and 100-hand variations of cutting-edge Bonus Video Poker games, including Tens or Better, Jacks or Better, Deuces Wild, All American, Double Bonus, Super Jackpots, and Joker Poker, which includes a paytable that offers the highest returns for this game anywhere online!

Players can enjoy all the new games today at these WagerLogic licensees: intercasino.com, williamhillcasino.com, and littlewoodscasino.com.

"Our licensees rely on new games to keep their Internet casinos fresh and exciting," added A.J. Slivinski, WagerLogic's Managing Director. "This latest suite offers something for every online player."

About CryptoLogic(R) (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is a world-leading, blue-chip public developer and supplier of Internet gaming software. CryptoLogic's leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of the company's gaming software and services to a blue-chip customer base around the world. For information on WagerLogic(R), visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY), on the NASDAQ Global Select Market (symbol: CRYP), and on the Main Market of the London Stock Exchange (symbol: CRP).

MARVEL, and all related character names and the distinctive likenesses thereof are trademarks of Marvel Characters, Inc., and are used with permission. Copyright (C) 2006 Marvel Characters, Inc. All rights reserved. www.marvel.com. Super Heroes is a co-owned registered trademark.

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 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.

SOURCE: CryptoLogic Inc.

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