CryptoLogic Inc.
TSX : CRY
LSE : CRP
NASDAQ : CRYP

CryptoLogic Inc.

June 04, 2007 06:00 ET

Two Weeks, Two World-Record Payouts for CryptoLogic's Millionaires Club™

Players become multi-millionaires with CryptoLogic's exclusive progressive online casino game

TORONTO, ONTARIO--(Marketwire - June 4, 2007) -

ALL DOLLAR AMOUNTS IN US$

An innovative and patented slot game from CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, has made two lucky online players instant millionaires. On May 15, Millionaires Club, one of the most popular progressive slot games available exclusively to CryptoLogic licensees, awarded the highest jackpot in online gaming history - more than $8 million - to a European player at InterCasino.com. This jackpot win was the largest in the history of online gaming and is a prime example of CryptoLogic's leadership in the online casino space.

Just two weeks later, a player in the UK at Littlewoods.com won more than $4 million, the next highest jackpot in online history.

"With a jackpot that climbed to staggering heights only two weeks after a record payout, Millionaires Club is one of the most popular casino games on the Internet today - and available exclusively through CryptoLogic licensees," said Javaid Aziz, CryptoLogic's President and CEO. "The game is an outstanding example of how CryptoLogic provides exciting growth for our customers by delivering market-leading casino innovations that engage, attract and entertain players."

In addition to Millionaires Club, CryptoLogic's award-winning casino lineup includes some of the industry's most popular and visually-stunning online jackpot slot games, including the Frightmare slot series, Rags to Riches and games based on well-loved Marvel comic characters. All CryptoLogic jackpot games feature dazzling animation, amazing bonus rounds and impressive prize pots that can be won in Pounds, Euros or Dollars. They can be played at top online gaming sites including InterCasino, William Hill, Littlewoods, and Playboy.

"CryptoLogic's casino suite appeals to players around the world, delivers record-breaking jackpots and has been voted by players as Gambling Online Magazine's top software for two years running," said Justin Thouin, CryptoLogic's Vice-President, Casino. "It's clear that we have a winning hand in providing the ultimate entertainment experience."

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is the world's largest public online gaming software developer and supplier. 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 Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to an internationally-recognized 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 (symbol: CRY), on the Nasdaq Global Select Market (symbol: CRYP) and on the Main Market of the London Stock Exchange (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 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.

Contact Information

  • CryptoLogic
    Ken Wightman
    Director of Communications
    (416) 545-1455
    (416) 545-1454 (FAX)
    www.cryptologic.com
    or
    Argyle Communications
    Karen Passmore
    (North American media)
    (416) 968-7311, ext. 228
    kpassmore@argylecommunications.com
    or
    Argyle Communications
    Dan Tisch
    (North American media)
    (416) 968-7311, ext. 223
    dtisch@argylecommunications.com
    or
    Corfin Communications
    Ben Hunt
    (UK media only)
    +44 207 929 8985
    or
    Corfin Communications
    Neil Thapar
    (UK media only)
    +44 207 929 8999
    or
    Corfin Communications
    Harry Chathli
    (UK media only)
    +44 207 979 8980