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

To: Mephistopheles who wrote (1637)	9/16/1999 7:34:00 AM
From: Mephistopheles	Read Replies (1) \| Respond to of 2782

Attn: Potential Cryptologic investors: By: feasiblty_study (ragingbull.com) Reply To: None Tuesday, 7 Sep 1999 at 10:30 AM EDT Post # of 2993 CRY software products have been used by indivduals in more than 240 countries. CRY is in a extremely healthy financial condition, as of June 30/99 CRY had approximately US$36.4 million cash, cash equivalent, restricted cash and working capital on hand. CRY had no outstanding loans Y.E. 1998, and had only US$2.4 million in payables and liabilities. CRY net income for Y.E. 1998 was US$16.7 million,an increase of 174% over Y.E. 1997. CRY's Auditors are; 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 4.3% equity interest in CreditCards.Com: creditcards.com - this is a creditcard transaction services/processing business. CRY's unique and proven Client-Server technologies have processed more than 2 billion dollars worth of 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's 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 CRY mngmt. made an 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 distinct possibility for such a profitable internet company in such sound financial shape. CRY has a relatively small number of outstanding shares, only 15.4 million shares issued and 8.5 million shares 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 guaranteed, do your own research. ragingbull.com