CryptoLogic Limited
TSX : CRY
TSX : CXY
NASDAQ : CRYP
LSE : CRP

CryptoLogic Limited

June 16, 2008 02:00 ET

CryptoLogic Announces Exclusive Deal With New Irish Online Gaming Site

BETJACKS new casino and poker site to target players in Ireland, UK, South Africa and Canada

DUBLIN, IRELAND and TORONTO, CANADA--(Marketwire - June 16, 2008) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, announced today that it has acquired the exclusive rights to be the sole provider of Internet casino and poker software to Betjacks, a new online gaming site. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., the new brand is expected to target the Irish, UK, South African and Canadian markets following its launch this fall.

Conceived in 2006 by Communication veterans Brian Nesbit & Eamon Garland, Betjacks.com has achieved enormous strides forming key partnerships with blue-chip internet gaming and service providers such as CryptoLogic. BetJacks has developed Ireland's first dedicated online betting and gaming solutions platform, incorporating feature rich media and peer to peer gaming applications all fully integrated with key next generation networking features.

"Today's announcement reflects CryptoLogic's strategy to take our Internet casino and poker products to new people and new places," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic and Betjacks will work together to develop an exciting new site that provides a superior entertainment experience to players around the world."

Betjacks will feature CryptoLogic's award-winning downloadable and non-downloadable Internet casino and poker software. Betjacks will also integrate key white label brands into the company's Internet poker, casino and proprietary eCash in 2009.

"As we set out to launch our new Internet gaming site, we wanted a trusted, respected partner who shared our vision of integrity and innovation," said Brian Nesbit Managing Director (Betjacks). "CryptoLogic's commitment to the quality of the player experience - and its reputation for transparency and regulatory leadership - are critical benefits as we take our brand online."

Betjacks will join other top gaming sites using CryptoLogic-developed software. These include William Hill, InterCasino, Playboy Gaming, Littlewoods, Parbet, Betsafe and the World Poker Tour.

"The addition of Betjacks to our customer suite is another example of WagerLogic executing upon its stated strategy to increase the distribution of our best in class gaming products to the world's most innovative and leading operators," said Antony Demetriades, WagerLogic's Managing Director.

About CryptoLogic® (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® 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 (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

About Betjacks (www.betjacks.com)

Based in Ireland, BetJacks is set to go Live Q3 2008. BetJacks' goal is to create a unique integrated user experience that offers the client a customized 'look and feel' tailored to their needs. This unique system has been developed to cater for the next generation of users with key entertainment features mixed with strong networking elements focused on customer retention.

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
    Stephen Taylor
    Chief Financial Officer
    35316641682
    or
    Argyle Communications
    Daniel Tisch
    (416) 968-7311, ext 223
    dtisch@argylecommunications.com
    or
    Argyle Communications
    Karen Passmore
    (416) 968-7311, ext 228
    kpassmore@argylecommunications.com
    or
    Corfin Communications
    Neil Thapar
    (UK media only)
    +44 207 977 0020
    or
    Corfin Communications
    William Cullum
    (UK media only)
    +44 207 977 0020
    or
    Corfin Communications
    Harry Chathli
    (UK media only)
    +44 207 977 0020