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

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To: John Marcinko who wrote (811)	2/10/1999 9:53:00 AM
From: Mephistopheles	Read Replies (2) of 2782

CryptoLogic Announces Fourth Quarter Revenue Growth TORONTO, CANADA--CryptoLogic Inc. is pleased to announce that 1998 fourth quarter revenues (in US dollars) increased by 22 percent over revenues for the third quarter. This increase in revenue does not include the recovery of $1.9 Million USD in relation to a receivable written down in 1997. The Company will release complete figures for the Year-Ended December 31, 1998 by the end of February 1999. CryptoLogic Inc. is an Internet software development company with leading proprietary technologies that enable secure, high-speed financial transactions over the Internet, and provide state of the art e-commerce and licensing of online gaming applications to Internet casino operators. CryptoLogic Inc. is a public company listed on the TSE, trading under the symbol CRY. There are currently 8.5 million common shares outstanding, 15.4 million shares fully diluted.

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