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CryptoLogic subsidiary secures exclusive 'Bejeweled' license
E-gaming software leader to bring slot-version of popular game to the Internet
for the first time
TORONTO, May 9 /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading software
developer to the global Internet gaming market, announced today that its
subsidiary, WagerLogic Limited, has signed an exclusive five-year agreement for
the Internet rights to the slot version of Bejeweled - a wildly popular game
with online players. WagerLogic will be the first and only gaming provider to
bring a play-for-real, 10-line slot variation of this globally renowned,
fast-paced gem-matching game to the Internet as part of a new version of its
casino software targeted for release this autumn.
"Bejeweled is loved by players worldwide - and now it's one of the many gems in
CryptoLogic's growing suite of exciting online casino games," said Lewis Rose,
CryptoLogic's President and CEO. "As the first and only gaming developer to
offer this exceptionally popular game in a play-for-real, slot version for the
Internet, CryptoLogic is again providing our customers with market-tested
products that deliver great entertainment to their players."
Bejeweled, called "the best puzzle game since Tetris," is the creation and
flagship product of PopCap Games. According to the company, more than 50
million people have played Bejeweled since it was released in 2000, and it has
sold over a million units across multiple channels, while garnering multiple
Game of the Year and Hall of Fame awards. Bejeweled continues to be one of the
most popular titles on AOL, MSN, and Yahoo! and with cell phone customers of
Cingular, Sprint, and Verizon.
"New product innovation is a key growth driver in the online casino market, and
WagerLogic is excited to add the highly popular Bejeweled game to our expanding
slot portfolio," added A.J. Slivinski, WagerLogic's Managing Director.
CryptoLogic is strengthening its market leadership in the estimated $12 billion
global online gaming industry by developing an expanding range of
market-targeted products for the major online casino and poker markets,
increasing system capacity to accommodate rapid growth and player demand, and
working with many of the world's most trusted gaming brands.
About CryptoLogic(R) (http://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(R),
visit http://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.
DATASOURCE: CryptoLogic Inc.
CONTACT: CryptoLogic, (416) 545-1455, Nancy Chan-Palmateer, Director of
Communications; Argyle Rowland Communications, (416) 968-7311 (media only),
Karen Passmore, ext. 228, , Dan Tisch, ext. 223,