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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino

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To: Warner Buffett who wrote (288)9/19/1997 3:32:00 PM
From: Mephistopheles   of 2782
 
Here is the Press Release (Nothing New)
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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: CRYPTOLOGIC INC.

CANADIAN DEALING NETWORK SYMBOL: CRYP

SEPTEMBER 19, 1997

Cryptologic Inc. Company Update

TORONTO, ONTARIO--Cryptologic Inc. announced today that it had no
news of any business developments to explain the current market
activity respecting its shares. The Company is having discussions
with respect to the possibility of settling the outstanding
action brought by a shareholder. There can be no assurance that
these discussions will lead to a settlement. The Company's next
financial report for the 3rd quarter is not expected until October
1997.

Cryptologic Inc. is a software development and support, and
licensing company that provides computer software to licensees who
conduct gaming activities over the Internet with their customers.

Cryptologic is a public company and trades on the CDN under the
symbol CRYP and has approximately 7.4 million common shares
outstanding.
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