CryptoLogic Inc.

CryptoLogic Inc.

March 31, 2005 06:00 ET

CryptoLogic Unveils Six-Seated Poker Table Tournament Software Enhancement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CRYPTOLOGIC INC.

TSX SYMBOL: CRY
NASDAQ SYMBOL: CRYP
LSE SYMBOL: CRP

MARCH 31, 2005 - 06:00 ET

CryptoLogic Unveils Six-Seated Poker Table Tournament
Software Enhancement

TORONTO, ONTARIO--(CCNMatthews - March 31, 2005) - ALL DOLLAR AMOUNTS IN
US$

New SIXPAK™ tournament capability offers online players exciting
"final table" action in every hand

CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software
developer to the global Internet gaming market, released a new software
enhancement that gives online poker players exciting "final-table"
action throughout an entire tournament event. The company's new
six-person per table tournament capability, offered through its
WagerLogic subsidiary, has been branded SIXPAK™: Short-handed
Internet X-citement.

"Being at the final table of a major tournament is every player's dream,
and now CryptoLogic's software can help online players live that
dramatic "final-table" experience - in every hand," said Lewis Rose,
CryptoLogic's President and CEO. "CryptoLogic's new SIXPAK™ feature
helps enhance licensees' tournament strategy, expand their poker
offering, and provide their players with a great primer for their next
major online or land-based tournament."

Players can join in the SIXPAK™ action and build up their skills for
"final-table" finishes at some of the world's top Internet gaming sites,
including williamhillpoker.com, betfairpoker.com, interpoker.com,
littlewoodspoker.com, classicpoker.com, ukbettingpoker.co.uk,
theritzclublondon.com, sunpoker.com, totalbetpoker.co.uk, and
pokerplex.com.

"Tournaments are a huge marketing draw, and players love the excitement
of the final table - CryptoLogic's new SIXPAK™ tournament software is
taking that excitement up a notch," said Andy Goetsch, CryptoLogic's
Vice President, Poker Software Development. "SIXPAK™ events play as
if you are at the final table from beginning to end, which will get the
hearts of online players beating just a little faster."

CryptoLogic's new six-seated poker tournament feature is the latest
enhancement to its software that powers one of the top five
revenue-generating poker sites in the world, according to
PokerPulse.com, an independent research site. Its licensees' central
poker room attracts more than 5,400 simultaneous online players from
more than 120 countries, with a total average cash pot of $18 million
won daily and 200,000 hands of poker dealt daily.

The Internet poker industry has grown dramatically, and the global
market is at an annual run rate of $2 billion today - up from $100
million just two plus years earlier. CryptoLogic is advancing its market
leadership in online poker by investing in strong partnerships with
trusted, brand name licensees, and in product development and system
scalability to the meet the needs of the online players.

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 blue chip
customer base worldwide. For information on WagerLogic®, visit
www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange
(symbol:CRY), on the Nasdaq National 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CryptoLogic Inc.
    Nancy Chan-Palmateer
    Director of Communications
    (416) 545-1455
    (416) 545-1454 (FAX)
    www.cryptologic.com
    or
    Argyle Rowland Communications
    Karen Passmore
    (media only)
    (416) 968-7311 ext. 228
    kpassmore@argylerowland.com