CryptoLogic and InterCasino Extend Contract

Online casino software provider CryptoLogic has prolonged its contract with the operator of InterCasino, Overseas Internet Gaming Entertainment NV (OIGE). Under the terms of the new deal, InterCasino and InterPoker will continue to use the CryptoLogic online gaming software platform until 2012, with no changes in the current royalty arrangements.

CryptoLogic's President and CEO, Lewis Rose, made a statement about the new contract, saying, "By affirming a long term relationship with our largest customer, we are following CryptoLogic's guiding principle of achieving the highest 'ROE' - what we call 'return on effort' - from our customers, products and projects. We aim to continue to deepen our relationship with our major customers."

CryptoLogic is widely recognised as a pioneer of online gaming software and is a leading player in the online gaming market. CryptoLogic has built a reputation based on integrity, innovation and a reputation for quality. These attributes led to CryptoLogic being ranked number one in the 2002 "Profit 100" listings of Canada's fastest growning companies.

CryptoLogic is a public company and is traded on the Toronto Stock Exchange, the Nasdaq National Market and the London Stock Exchange Main Market. CryptoLogic also developed the widely used ECash Direct technology, which has processed over $30 billion in secure electronic transactions. ECash Direct utilizes proprietary, real-time cryptographic technology to ensure secure e-commerce and information transmissions between clients and online gaming platforms.

Ed note: Check out the slick CryptoLogic software at InterCasino. Tip: To speed things up, click on 'Turbo'!

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