10th Jan 2006 07:01
CryptoLogic Inc.10 January 2006 FOR IMMEDIATE RELEASE Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP UKBETTING RENEWS AGREEMENT TO USE CRYPTOLOGIC-DEVELOPED INTERNET POKER SOFTWARE Europe's largest online sports content network extends exclusive poker contractto 2009; casino contract to 2008 January 10, 2006 (London, UK) - CryptoLogic Inc., a leading software developerto the global Internet gaming market, announced today the renewal of itsrelationship with ukbetting plc - Europe's largest online sports content network- through the extension of the agreement with CryptoLogic's wholly-ownedsubsidiary, WagerLogic Limited. ukbetting will continue to use WagerLogic'sInternet poker solution exclusively through to 2009 for its betting brands,www.ukbetting.com and www.totalbet.com. The contract also extends ukbetting'suse of WagerLogic's casino software until 2008. "CryptoLogic is growing its business with the world's blue-chip gaming brands -and ukbetting is one of the major European names on that list," said Lewis Rose,CryptoLogic's President and CEO. "CryptoLogic is proud that ukbetting hasreaffirmed its confidence in our award-winning Internet gaming software,particularly benefiting from the liquidity of our poker network. By leveragingCryptoLogic's proven poker offering with ukbetting's extensive user base, wecontinue a winning combination to generate the highest returns." A customer since 2003, ukbetting introduced WagerLogic's state-of-the-art pokerand casino software to its highly popular betting brands, www.ukbetting.com andwww.totalbet.com, and have experienced strong results, especially in thehigh-growth poker segment. Poker has accounted for the majority of ukbetting'srevenue generated from CryptoLogic-developed software, which has been driven bythe strong crossover from ukbetting's sports content users to poker. Thecontract renewal provides for WagerLogic's poker product to be integrated intoukbetting's single E-Cash wallet, to enhance the cross-marketing opportunitiesbetween ukbetting's 8.75 million monthly UK and European sports fans to itsInternet poker services. "I'm delighted that WagerLogic and ukbetting will continue this mutuallyrewarding relationship, which has contributed to a more than 100% year-over-yearincrease in our poker and casino revenue," said Eric Semel, CEO of ukbettingplc. "It is an extremely important move for ukbetting to have our poker productintegrated into our back end systems, thereby allowing our customers to be ableto use a single wallet solution rather than to have to register a new account toplay poker." "The contract extension with ukbetting reinforces how major gaming operatorscontinue to benefit from WagerLogic's poker liquidity and our decade of industryexperience to deliver sophisticated innovations that enhance player loyalty anddrive incremental revenue," added A.J. Slivinski, WagerLogic's ManagingDirector. About CryptoLogic (www.cryptologic.com) Focused on integrity and innovation, CryptoLogic Inc. is a world-leading,blue-chip public developer and supplier of Internet gaming software. Itsleadership in regulatory compliance makes it one of the very few companies withgaming software that is certified to strict standards similar to land-basedgaming. WagerLogic Ltd., a wholly-owned subsidiary of CryptoLogic, isresponsible for the licensing of its gaming software and services to customersworldwide. For 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 theLondon Stock Exchange (symbol: CRP). About ukbetting (www.ukbetting.com) ukbetting plc (LSE symbol: UKB) operates the UK's leading sports content andbetting sites. This portfolio of sites includes www.sportinglife.com, theoriginal multi-sports web site that provides the fastest news, scores, resultsand reviews for all major sports including football, racing, golf and rugby andcricket and much more. Its sister sites, www.sportal.com and thewww.bettingzone.co.uk, deliver leading edge interactive sports content andindependent betting news, preview, analysis, selections and stats respectively. In addition to its sports content division the group has two primary bettingsites, www.ukbetting.com and www.totalbet.com that offer a wide range of fixedodds markets for all the major sports as well as play poker and casino games.Customers of www.totalbet.com are also able to place bets directly into the totepools giving them access to popular bets such as the placepot, jackpots andscoop6. ### For more information, please contact:CryptoLogic, (416) 545-1455 Argyle Rowland,(416) 968-7311 (North American Media)Nancy Chan-Palmateer, Director of Communications Daniel Tisch, ext. 223/ [email protected] Karen Passmore, ext. 228/ [email protected] Publicis Consultants, +44 20 7462 7766 (UK Media) Nick Bastin/Hannah Ashby ukbetting plc Financial Dynamics, +44 20 7831 3113Peter Dubens, Chairman +44 20 7776 6909 Juliet Clarke/Hannah SloaneEric Semel, Chief Executive +44 207 921 9150 CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER: Statements in this press release, which are not historical are forward-lookingstatements made pursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. Investors are cautioned that all forward-lookingstatements involve risks and uncertainties including, without limitation, risksassociated with the Company's financial condition and prospects, legal risksassociated with Internet gaming and risks of governmental legislation andregulation, risks associated with market acceptance and technological changes,risks associated with dependence on licensees and key licensees, risks relatingto international operations, risks associated with competition and other risksdetailed in the Company's filings with securities regulatory authorities. Theserisks may cause results to differ materially from those projected in theforward-looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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