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CRYPTOLOGIC
UNVEILS SIX-SEATED POKER TABLE TOURNAMENT
SOFTWARE
ENHANCEMENT
New
SIXPAK ä tournament capability offers online players exciting
"final table" action in every hand
March
31, 2005 (Toronto, ON) -
CryptoLogic Inc., a leading software developer to the global
Internet gaming market, released a new software enhancement
that gives online poker players exciting "final-table" action
throughout an entire tournament event. The company's new six-person
per table tournament capability, offered through its WagerLogic
subsidiary, has been branded SIXPAK ä :
Short-handed Internet X-citement .
"Being
at the final table of a major tournament is every player's
dream, and now CryptoLogic's software can help online players
live that dramatic "final-table" experience - in every hand,"
said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's
new SIXPAK ä feature helps enhance licensees' tournament strategy,
expand their poker offering, and provide their players with
a great primer for their next major online or land-based tournament."
Players
can join in the SIXPAK(tm) action and build up their skills
for "final-table" finishes at some of the world's top Internet
gaming sites, including williamhillpoker.com, betfairpoker.com,
interpoker.com, littlewoodspoker.com, classicpoker.com, ukbettingpoker.co.uk,
theritzclublondon.com, sunpoker.com, totalbetpoker.co.uk,
and pokerplex.com.
"Tournaments
are a huge marketing draw, and players love the excitement
of the final table - CryptoLogic's new SIXPAK ä tournament
software is taking that excitement up a notch," said Andy
Goetsch, CryptoLogic's Vice President, Poker Software Development.
"SIXPAK ä events play as if you are at the final table from
beginning to end, which will get the hearts of online players
beating just a little faster."
CryptoLogic's
new six-seated poker tournament feature is the latest enhancement
to its software that powers one of the top five revenue-generating
poker sites in the world, according to PokerPulse.com, an
independent research site. Its licensees' central poker room
attracts more than 5,400 simultaneous online players from
more than 120 countries, with a total average cash pot of
$18 million won daily and 200,000 hands of poker dealt daily.
The
Internet poker industry has grown dramatically, and the global
market is at an annual run rate of $2 billion today - up from
$100 million just two plus years earlier. CryptoLogic is advancing
its market leadership in online poker by investing in strong
partnerships with trusted, brand name licensees, and in product
development and system scalability to the meet the needs of
the online players.
About
CryptoLogic â (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 â , 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.
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