CryptoLogic Expands Its Casino Game Offering

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Press Release Source: CryptoLogic Inc.


Wednesday September 8, 6:00 am ET


TORONTO--(BUSINESS WIRE)--Sept. 8, 2004--All Dollar Amounts In US$
New Progressive Jackpot & Slot Games To Drive Rapid, Responsible Growth Of Internet Gaming

CryptoLogic Inc.® (NASDAQ:CRYP - News; TSX:CRY - News; LSE:CRP - News), a leading software developer for the Internet gaming and e-commerce industries, announced the release of an exciting new line-up of games to its popular casino offering. A range of new video slots with more chances to win, multi-currency progressive jackpots and enhanced player features have been rolled out in the fifth version of the company's software, licensed through its WagerLogic Limited® subsidiary.

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"CryptoLogic built its industry-leading reputation in casino, and through continued investment in this core business, we're delivering a comprehensive, ever-fresh selection of safe, secure games that will excite broad gaming audiences worldwide," said Lewis Rose, CryptoLogic's President and CEO. "By introducing a continual stream of new casino product themes and variations, CryptoLogic helps its customers grow large, loyal player communities, and ultimately, increase their bottom line."

Slot fans can enjoy six brand-new video slots - all linked to one progressive jackpot. Coral Cash, Doctor Love, Dolphin King, Northern Lights, Salsa and Sirens are the latest fun themes of traditional nine-line games. These new-concept slots mark the launch of the Rapid Fire Jackpot, which pays out in US dollars, euros and pound sterling.

WagerLogic's Version 5 software also features a new "Turbo" button for single-hand Blackjack and video poker players, which allows more hands per minute of play for high-speed excitement. Slot players who are serious about winning will enjoy the new auto-play option, which means users can automatically bet for a preset number of spins. There are also more player avatars from which to choose, and an improved notification system to alert players to new games.

More than 20 new choices of the most popular casino games have been rolled out this year, particularly in the expansion of WagerLogic's slot and progressive jackpot portfolio. In fact, one of the company's licensees was recently awarded The Best Online Casino for Slots by Strictly Slots magazine. WagerLogic now offers more than 100 casino games, multi-player bingo and player-to-player poker in multiple currencies and languages - additional new games are planned for 2004 to keep licensees' players coming back for more.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is a leading software development company serving the global Internet gaming market. The company's proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic continues to develop state-of-the-art Internet software applications for both the electronic commerce and Internet gaming industries. WagerLogic Limited®, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to customers worldwide. For more 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.



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Contact:
CryptoLogic
Nancy Chan-Palmateer
Director of Communications
(416) 545-1455
or
Argyle Rowland
Daniel Tisch
(North American media)
(416) 968-7311 ext. 223
dtisch@argylerowland.com
or
Argyle Rowland
Melissa Chang
(North American media)
(416) 968-7311 ext. 239
melissa@argylerowland.com
or
Financial Dynamics
(UK media)
+ 44 20 7831 3113
Juliet Clarke, juliet.clarke@fd.com
Edward Bridges, edward.bridges@fd.com



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Source: CryptoLogic Inc.

[Simmo!]

Ah i saw this in the CM's newsletter. What looks really interesting and makes me quite excited is that one or two of the new slots seem (on paper) to follow the "Freespin/All wins tripled" model of MG's Thunderstruck & Tally Ho. Now that i look forward to seeing....

[sw2003]

Yup some of their new games just copied the game model from MG's thunderstruck etc.