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

CryptoLogic Limited

March 05, 2009 02:01 ET

CryptoLogic Updates Investors on Purported Requisition of EGM

No meeting to be called pursuant to 18 February letter

DUBLIN, IRELAND--(Marketwire - March 5, 2009) - CryptoLogic (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a world leader in internet casino and branded gaming software, today provided an update to the announcements made by the company on 19 February and 23 February 2009 regarding the purported requisition for an extraordinary general meeting of the shareholders of CryptoLogic submitted by Mr. Javaid Aziz on 18 February 2009.

CryptoLogic received notification on 4 March 2009 from counsel to Mr. Aziz that he "does not seek to rely on" the purported requisition for an extraordinary general meeting that the company received on 18 February 2009." As such, the company will not be calling an EGM pursuant to the aforementioned 18 February 2009 letter.

Further announcements will be made as appropriate.

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this news 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
    353 (0) 1 234 0415
    or
    Argyle Communications
    Jason Graham
    (North American and gaming industry media)
    (416) 968-7311 ext 229
    jgraham@argylecommunications.com
    or
    Argyle Communications
    Daniel Tisch
    (North American and gaming industry media)
    (416) 968-7311 ext 223
    dtisch@argylecommunications.com
    or
    Corfin Communications
    Neil Thapar
    (UK media only)
    +44 207 977 0020
    or
    Corfin Communications
    Harry Chathli or Alexis Gore
    (UK media only)
    +44 207 977 0020