Advisorshares Managed Bi... (AMEX:CRYP)
Historical Stock Chart
From May 2019 to May 2024
Cryptologic takes poker software to high-speeds
New Lightning(TM) games & lower-limit tables expand player choice of stake
size, speed of play to match their skill level
TORONTO, June 23 /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading
software developer to the global Internet gaming market, announced today that
its wholly-owned subsidiary, WagerLogic Limited, has released new enhancements
to the poker software used by its licensees, some of the leading Internet poker
sites around the world. New features include high-speed Lightning(TM) games and
an expanded range of lower-limit games that offer Internet poker players a
broad choice of games at their desired speed and levels.
"For CryptoLogic, it's about delivering market-targeted products to our
customers for greater player choice, entertainment and revenue potential," said
Lewis Rose, CryptoLogic's President and CEO. "Whether you're an amateur or a
poker aficionado, CryptoLogic software offers the game you want, at the speed
you want, in multi-currencies -- and around the clock."
New Lightning(TM) games are ideal for players looking for high-speed action.
The games offer the same fun and rules as regular games, but at increased speed
of play -- players have only 12 seconds to act or hands are folded, and blinds
are posted automatically. WagerLogic has also added 10 new game levels for
players who prefer lower-stake games, including 0.15/0.25 No Limit and Pot
Limit games, and 0.25/0.50 and 0.50/1.00 Limit games. These newest features can
be found at top Internet poker sites, including williamhillpoker.com,
betfairpoker.com, interpoker.com, littlewoodspoker.com, theritzclublondon.com,
ukbettingpoker.co.uk, sunpoker.com, pokerplex.com, classicpoker.com and
totalbetpoker.co.uk.
"We are excited to offer one of the most extensive poker offerings on the
Internet from 0.15/0.25 to 150/300 that give players a variety of games to
play," said Andy Goetsch, CryptoLogic's Vice President, Poker Software
Development. "From play for free action at a speed you can learn, to high
stakes, fast-paced poker to tournaments, we're showing that CryptoLogic cares
about poker and the heart of the Internet player."
Ongoing investment in WagerLogic's poker software is paying off for its
customers, and is resulting in strong player traffic and engaging player
experience. Most recently, more than 20 players qualified at WagerLogic
licensees' online tournaments to play in the $10,000 World Series of Poker New
Orleans Circuit Event in May 2005 -- one of the most prestigious land-based
tournaments with over 200 players competing for a more than $2 million prize
pool -- and three licensees' players achieved a dream come true by making it to
the final table and winning more than $220,000 in aggregate.
The global Internet poker industry has grown dramatically, and is forecasted to
reach $2.9 billion this year -- up from $100 million less than three years ago.
The launch of the new Lightning(TM) and lower-stake games are the latest
enhancements to CryptoLogic-developed software that powers one of the top five
revenue-generating poker sites on the Internet, according to PokerPulse.com, an
independent research site. CryptoLogic continues to advance its market
leadership in Internet poker by investing in strong partnerships with trusted,
brand name licensees, and in product development and system scalability that
meet the needs of online poker players.
About CryptoLogic(R) (http://www.cryptologic.com/)
Focused on integrity and innovation, CryptoLogic Inc. is the world's leading,
blue-chip 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,