CryptoLogic Inc., a leading software supplier to the Internet gaming and e-commerce industries, today announced that Lewis Rose, interim president and CEO, has been invited to present the company’s growth strategy and industry trends at the Deutsche Bank Investor Conference at 10:30am on January 10, 2003. CryptoLogic is honored to be the only Internet gaming software provider invited to address the Deutsche Bank Conference at the American Gaming Summit 2003 in Las Vegas, Nevada.
As a pioneer, CryptoLogic continues to help shape the future of online gaming. Internet gaming is a maturing, multi-billion dollar industry that is seeing a growing presence of major land-based operators recognizing the Internet as a synergistic extension of their business around the world. Recognizing this market shift, CryptoLogic continues to emphasize regulatory compliance comparable to the strict standards in land-based gaming and expand its strong roster of international blue-chip customers. CryptoLogic’s success is also distinguished by its focus on old-economy fundamentals of cash flow and profitability, which has enabled the company to achieve global leadership in the vast, growing new economy of interactive gaming.
Mr. Rose’s presentation will be made available in the week following on CryptoLogic’s web site at www.cryptologic.com/investor.
Since its inception, American Gaming Summit has provided the highest level of financial and legal information about premier companies serving the gaming industry. Attendees at AGS include institutional investors; top-level executives with the major gaming, lodging and leisure companies; elected public officials; appointed regulatory directors; financial managers; commercial vendors to these businesses; and stock brokers, all of whom have an interest in this rapidly expanding industry.
Deutsche Bank Securities Inc. is the exclusive Investment Banking sponsor of the Ninth Annual American Gaming Summit, January 9-10, 2003, at the Rio All-Suite Hotel and Casino in Las Vegas. For more information, visit www.americangamingsummit.com.
About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Inc. is the leading IDN Poker software development company serving the Internet gaming market. The company’s proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic, ranked #1 in the Profit 100 listing of Canada’s fastest growing companies, continues to develop state-of-the-art Internet software applications for both the electronic commerce and Internet gaming industries. WagerLogic Ltd., a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to customers around the world.
CryptoLogic’s common shares trade on the Toronto Stock Exchange under the symbol CRY and on the Nasdaq National Market under the symbol CRYP. There are currently 12.2 million common shares outstanding (12.9 million shares fully diluted, based on treasury method).