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

CryptoLogic Inc.

October 26, 2006 06:00 ET

CryptoLogic's New Poker Tournament Leader Board a 'Windfall' for Players

Tournament rankings give licensees' players new chances to win, and bragging rights

TORONTO, ONTARIO--(CCNMatthews - Oct. 26, 2006) - CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming industry, has unveiled poker tournament leader board software that provides licensees new opportunities to create exciting events and gives their players new chances to win-and brag! Licensees of WagerLogic Limited, CryptoLogic's wholly-owned subsidiary, launched the leader board October 21 in connection with their Autumn Windfall promotion.

"Our software now powers the world's largest shared poker network that excludes US players," said Lewis Rose, CryptoLogic's President and CEO. "Innovations like the tournament leader board and Hold'Em Blackjack, announced last week, meets the needs and desires of online players throughout the world."

The Autumn Windfall promotion, which ends on November 19th, gives players a chance to win more than $300,000 in money-added tournaments and leader board prizes. The most successful player from the three daily tournaments will be crowned 'King of Poker', collect the top leader board prize-and the prestige. The 150 highest ranked players on the leader board will earn money.

"With only three daily tournaments contributing to the leader board, the Autumn Windfall promotion gives even casual players a real shot at winning," noted AJ Slivinski, WagerLogic's Managing Director. "No other unified leader board software puts all poker players on such even footing."

The Autumn Windfall and future leader board events are available at WagerLogic's licensees' sites, including williamhillpoker.com, interpoker.com, sunpoker.com, pokerplex.com, ukbettingpoker.co.uk, littlewoodspoker.com, and classicpoker.com. Soon, leader board events will also be available from CryptoLogic's newest licensees, Playboy and Betsafe.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is a world-leading, blue-chip public developer and supplier of Internet gaming software. CryptoLogic's 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 the company's gaming software and services to a blue-chip customer base around the world. 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 Inc.
    Rick Wadsworth
    Director of Communications
    (416) 545-1455
    www.cryptologic.com
    or
    Argyle Rowland Communications
    Karen Passmore
    (North American media)
    (416) 968-7311, ext. 228
    kpassmore@argylerowland.com
    or
    Argyle Rowland Communications
    Dan Tisch
    (North American media)
    (416) 968-7311, ext. 223
    dtisch@argylerowland.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