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Wed, January 14, 2009 CryptoLogic Limited: CryptoLogic Gains New Channel to Market With Gaming Technology Solutions PLC
DUBLIN, IRELAND--(Marketwire - Jan. 14, 2009) - CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a world leader in Internet casino and branded gaming software, today announced a strategic partnership with Gaming Technology Solutions PLC (GTS), a leading global supplier of platform solutions for online gaming operations.
The partnership is consistent with CryptoLogic's strategy to expand the number of market leading casino sites that offer the company's games. GTS's impressive list of tier one customers includes Unibet, bwin, 888, Expekt, and Betclick, as well as many other top brands.
Under the agreement, CryptoLogic's top-performing games will be made available to GTS customers through its Enhanced Gaming Engine (EdGE), a proprietary games platform. A range of 10 CryptoLogic games will be live on the platform for GTS customers by the end of the first quarter of 2009.
"Today, we connect CryptoLogic's leadership in gaming innovation with GTS' ability to serve top-tier gaming operators around the world," said Brian Hadfield, CryptoLogic's President and CEO. "This partnership is yet another example of how CryptoLogic is opening up powerful new distribution channels to get our market-leading games into the hands of more customers - and more players."
EdGE is an industry-leading, cross-channel content delivery platform that offers access to premier games created by world class developers like CryptoLogic. EdGE facilitates quick delivery of new content across multiple languages, including all European and most Asian languages (Chinese, Japanese and Korean), currencies and domains. Sports, casino, bingo, puzzle and soft games can all be delivered as browser-based or downloadable client products.
"Our operators demand and deserve market leading casino products - and CryptoLogic offers some of the world's most recognized brands and games," said Steven Matsell, GTS' Business Development Director. "To us, this partnership makes perfect sense."
In recent months, CryptoLogic has signed deals with 888.com, PartyGaming and Orbis, some of the biggest names in gaming.
With more than 200 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today. CryptoLogic has earned rave reviews from industry peers and players alike, and in 2008 earned Gambling Online Magazine's Top Casino Software award for the third consecutive year. Based on the votes of players around the world, it is widely considered the industry's top honour.
About CryptoLogic® ([ www.cryptologic.com ])
Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. 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 blue-chip customers who offer their games around the world to non-U.S. based players. For information on WagerLogic, visit [ www.wagerlogic.com ].
CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
About Gaming Technology Solutions ([ www.gtsplc.com ])
Formed in 2005, Gaming Technology Solutions (GTS plc) is a leading provider of cross channel gaming solutions for online gaming operations. As a truly "Open" platform and integration partner to operators GTS offer an impressive catalogue of successful game titles from all delivered on the world class EdGE platform.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this news 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.
