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Technology Stocks : CRYP: Cryptologic, Inc.

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From: JakeStraw8/13/2009 8:38:18 AM
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CryptoLogic Shows Growth in Core Businesses in Q2
finance.yahoo.com
Thursday August 13, 2009

Casino revenue up 21%, branded game revenue up 70% over Q1 as new strategy yields results

- CryptoLogic expects to be both profitable and cash generative in Q3, as it gains traction from the rollout of branded games by new customers with more than 40 scheduled by the end of the quarter and more than 110 in total by the end of the year

"The second quarter of 2009 marked a turning point for CryptoLogic, with significant growth in our two core businesses," said Brian Hadfield, CryptoLogic's President and CEO. "With a larger customer base and an aggressive rollout schedule for our new games, CryptoLogic now has the people, the products and the partners to deliver improved performance for our shareholders -- in 2009 and beyond."
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