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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?

To: Mephistopheles who wrote (1636)	9/16/1999 7:31:00 AM
From: Mephistopheles	Read Replies (2) \| Respond to of 2782

CRY owns 43% equity interest in CreditCards.Com By: feasiblty_study (from ragingbull.com) Reply To: None Friday, 3 Sep 1999 at 10:52 PM EDT Post # of 2860 Attn: Potential Cryptologic investors: CRY software products have been used by indivduals in more than 240 countires. CRY is extremely healthy fiancially, Y.E. 1998 CRY had approximatley US$24 million cash equivalent and working captial on hand. CRY had no oustanding loans Y.E. 1998, and had only US$2.4 million in payables and liabilites. CRY net income for Y.E. 1998 was US$16.7 million, an increase of 174% over Y.E. 1997. CRY's Auditors: KPMG LLP, Chartered Accountants, Toronto, Canada. CRY owns GamesMania.Com: gamesmania.com, a popular web portal that gets millions of hits per month and offers downloadable demonstrations of many popular video games. CRY also owns a 43% equity interest in CreditCards.Com: creditcards.com, this is a creditcard transaction processing business. CRY's unique and proven Client-Server technologies have processed more than 2 billion dollars worth electronic commerce transactions with less than a 1% fraud rate, industry average normally involves a 2% - 5% fraud rate. CRY's earnings per share Y.E. 1998 were an amazing $1.99 per share (non diluted). CRY' stock has a very low Price/Earnings ratio, due primarily (IMHO) to the fact it trades on the Toronto Stock Exchange (Canada), becuase of this, many US investment services do not provide coverage of CRY. CRY management realizes a non-US listing limits the valuation of it's stock, so on Aug 26/99 made application to NASDAQ for a National Market listing. This is a link to the press release of the NASDAQ application ... biz.yahoo.com If CRY is succesful in obtaining a USA listing, a Price/Earnings ratio in excess of 100 would be a realistic expectation for a profitable internet company. CRY has a relatively small number of outstanding shares, only 15.4 million shares issued and 8.5 million outstanding, if CRY is successful in obtaining a NASDAQ listing, share splits in the short term are inevitable. LINKS: Company website: cryptologic.com CRY quote: finance.yahoo.com CRY year-end financial statements: cryptologic.com CRY quarterly financial statements: cryptologic.com The information above has been obtained from sources deemed reliable and correct, however, they are not gauranteed, do your own research. ================= By: mizesa Reply To: 2859 by feasiblty_study Friday, 3 Sep 1999 at 11:09 PM EDT Post # of 2860 feasibility You need to update some of your figures. They have a lot more than 24M in cash. Where did you hear about them owning 40% of creditcards.com? I've never heard them mention it. MIZ