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

CryptoLogic Inc.

March 30, 2006 06:00 ET

CryptoLogic's New Poker Tournament Software Delivers High-Speed Action, Online Qualifying For Top Poker Events Worldwide

TORONTO, ONTARIO--(CCNMatthews - March 30, 2006) - CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, announced today the latest tournament enhancements to its Internet poker software released through its wholly-owned subsidiary, WagerLogic Limited. New features include high-speed Thunder Tournaments and an enhanced Super-Satellite Tournament Structure for more chances to qualify for the world's biggest and coveted land-based poker events.

"For CryptoLogic, it's about delivering innovative and distinctive gaming concepts that meet the heart of the online gamer," said Lewis Rose, CryptoLogic's President and CEO. "Players are demanding speed, the thrill of 'land-based' tournaments and rewards for their loyalty. CryptoLogic listened and delivered - first, we introduced Lightning speed games, now Thunder Tournaments and more - and the result is exciting poker tournament software that offers increased speed of play and increased chances to win entry into an amazing choice of events."

WagerLogic first gave players a taste of speed with its popular Lightning™ ring games. New Thunder Tournaments now offer this same high-speed poker action by reducing player decision time to 12 seconds and providing shorter blind levels - further challenging player skills in one of the fastest tournament structures available online.

WagerLogic extended the marketing appeal of tournaments with the introduction of its exclusive online Super-Satellite Tournament Structure, Land-Based Online Qualification Series (LOQ). LOQ enables its customers' players to qualify online, all-year-round for not just one, but their choice of 20 premier poker events around the globe. From the World Series of Poker to major land-based tournaments in the Caribbean and across Europe to WagerLogic licensees' own Caribbean Poker Classic™, winners of a main online LOQ satellite tournament will be awarded the entry fee for the tournament of their choosing, as well as travel, accommodation and spending money. The excitement of last year's CPC is currently airing every Friday into April at 4:00 p.m. Eastern on Rogers Sportsnet in Canada.

The introduction of My Poker Points (MPP) tournament option also allows players to compete in online tournaments using poker points accumulated while playing, or use their points to pay for the fee portion of a tournament buy-in for selected tournaments.

"By understanding and anticipating the wants, needs and wishes of the online player, our software is offering something for every type of Internet poker player. Players can now speed up their ETA to possible victory by playing Thunder Tournaments, they can LOQ up their seat to 20 different land-based tournaments throughout the year, and they continuously get rewarded - especially with the introduction of MPPs," said Andy Goetsch, CryptoLogic's Vice President, Poker Software Development.

"Our newest poker enhancements continue to provide our customers with a differentiated offering through novel, exclusive tournament concepts, online reward features and a widening array of online and on-land tournament options that help drive players to their Internet poker sites," added A.J. Slivinski, WagerLogic's Managing Director.

WagerLogic's new poker software enhancements can be found at top Internet poker sites, including williamhillpoker.com, interpoker.com, littlewoodspoker.com, ukbettingpoker.co.uk, betfairpoker.com, theritzclublondon.com, sunpoker.com, pokerplex.com, classicpoker.com and totalbetpoker.co.uk.

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. 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.

Contact Information

  • CryptoLogic
    Nancy Chan-Palmateer
    Director of Communications
    (416) 545-1455
    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
    Capital MS&L
    Nick Bastin
    (UK Media
    +44 20 7255 5117