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

CryptoLogic Limited

June 14, 2007 06:00 ET

CryptoLogic Limited Receives Listing Approval for London Stock Exchange

Listing approved on all exchanges; all Canadian shareholders retain one-to-one voting rights

DUBLIN, IRELAND and TORONTO, ONTARIO--(Marketwire - June 14, 2007) - 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 been approved for its new listing on the London Stock Exchange (LSE). The recently reorganized company trades on the LSE, NASDAQ and Toronto Stock Exchange.

The listing approval relates to CryptoLogic's reorganization into a company incorporated under the laws of Guernsey with a corporate headquarters in Dublin. CryptoLogic shareholders approved the proposed arrangement at a special meeting held in Toronto on May 24th. It has been confirmed that all shareholders of CryptoLogic Limited and CryptoLogic Exchange Corporation will retain one-for-one voting rights, regardless of where they reside.

More than 90 per cent of CryptoLogic's licensee revenue is generated from the U.K. and continental Europe, widely known as the industry's most attractive markets. CryptoLogic has long advocated the regulation of Internet gaming for the protection of players and the credibility of the industry, and remains one of the few providers whose software has passed the industry's most stringent regulatory tests.

CryptoLogic's new European base brings the company closer to its core customer base and their principal markets, and supports the company's global growth strategy, including expansion into Asia.

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 (symbol: CRY), the NASDAQ Global Select Market (symbol: CRYP), and the Main Market of the London Stock Exchange (symbol: CRP). Shares of the CryptoLogic Exchange Corporation) trade on the Toronto Stock Exchange (symbol: CXY).

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
    Communications
    (416) 545-1455
    (416) 545-1454 (FAX)
    www.cryptologic.com
    or
    Argyle Communications
    Dan Tisch
    (North American & gaming industry media)
    (416) 968-7311 ext. 223
    dtisch@argylecommunications.com
    or
    Argyle Communications
    Karen Passmore
    (North American & gaming industry media)
    (416) 968-7311 ext. 229
    kpassmore@argylecommunications.com
    or
    Corfin Communications
    Ben Hunt
    (UK media)
    +44 207 929 8985
    or
    Corfin Communications
    Neil Thapar
    (UK media)
    +44 207 929 8999
    or
    Corfin Communications
    Harry Chathli
    (UK media)
    +44 207 979 8980