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

CryptoLogic Limited

June 14, 2007 06:00 ET

Poker's Hot Hands Hunt for Heads in CryptoLogic's Newest Tournament Innovation

In the new Headhunter Challenge, there's cash for every player you eliminate

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, played another 'ace' today with an Internet poker (http://www.interpoker.com) industry first - a 'headhunter' tournament concept in which players win cash for every player they eliminate. The company also unveiled new features that allow players to learn and improve by reviewing key hands and identifying the turning point in every big match.

"CryptoLogic continues to blaze the Internet poker trail with software that gives players more entertainment, more information and more innovation," said Javaid Aziz, CryptoLogic's President and CEO. "The Headhunter Challenge tournament is an industry first and should be a major marketing draw for our customers. And with CryptoLogic's new Tournament Key Hands Review tool, we're giving players more tools than ever to improve their games - and their entertainment experience."

Headhunter Challenge & Bounty Tournaments: Poker's newest innovation

The Headhunter Challenge is a new type of multi-table poker tournament that allows players to earn cash for every 'head' they eliminate, plus any share they win of the overall prize pool. Skilled players should be careful, though, because the value of each player's 'head' increases with everyone they eliminate, so the best players will be big targets.

Another new variant in CryptoLogic's tournament line-up is the Bounty Tournament, which adds a cash bounty to the 'heads' of big-name entrants such as celebrities, professional poker players and leaderboard winners. In Bounty Tournaments, knocking out a big name will bring cash - over and above the normal fame and bragging rights.

CryptoLogic is launching www.headhunterchallenge.com to coincide with the new tournament format. This site will feature a game description, high-resolution screenshots, a step-by-step guide and links to CryptoLogic licensees where the game can be played.

Tournament Key Hands Review: An innovative tool for information and education

CryptoLogic's Tournament Key Hands Review is a rich new information tool that provides a recap of every hand in which a player wins or loses 33% of their chips. Players can quickly analyze the strength of the hands they lost, identify the turning point of the match, and see where they played well or gave someone a really Bad Beat.

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

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
    Karen Passmore
    (North American media)
    (416) 968-7311, ext. 228
    kpassmore@argylecommunications.com
    or
    Argyle Communications
    Dan Tisch
    (North American media)
    (416) 968-7311, ext. 223
    dtisch@argylecommunications.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