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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: stockpup who wrote (97733)	12/12/2001 10:30:54 AM
From: SSP	Read Replies (1) \| Respond to of 150070

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To: stockpup who wrote (97733)	12/12/2001 11:45:05 AM
From: Jim Bishop	Respond to of 150070

ICRS profits: iCrystal Inc. Reports Third Quarter Profits SURREY, British Columbia, Dec. 12 /PRNewswire/ -- iCrystal Inc. (the ``Company'') (OTC Bulletin Board: ICRS - news), a designer, developer and licensor of Internet-based casino gaming and lottery software, is pleased to announce that the Company has achieved a profit in the third quarter of 2001. Second quarter revenue was $182,500.00 and Third quarter revenue was $275,176.00, an increase of $92,676.00 in one calendar quarter. iCrystal Inc., Chairman and CEO, Larry Hrabi, stated: ``We are extremely pleased and excited with the current progress of our Company. Amidst these tough economic times, we are persevering and striving to sustain growth, both within the Company and in our bottom line. Following September 11, we noticed a much greater number of people turning to online gaming and, in particular, we noticed an influx to our licensed sites. We are expecting to maintain our growth for the remainder of the final quarter of 2001 and exceed it into the first quarter of 2002.'' Further anticipated growth of the Company is expected to be generated from the current and ongoing development of our proprietary software, which incorporates a unique user-friendly back office (or player/market tracking system), imbedded with a detailed, real-time tracking system designed specifically for the internet gaming industry. The Company anticipates its new software will compete very favorably with that of its largest competitor, CryptoLogic listed on the Nasdaq. iCrystal Inc. has also expanded its technical operations in order to facilitate the Company's anticipated continued growth. In addition to hiring new, experienced software engineers, the Company has expanded its Vancouver technical office, more than doubling the previous square footage. This expansion has allowed iCrystal to continue refining its turnkey software gaming package, adding new features and games, including progressive jackpot style games that are linked throughout each of the Company's licensed gaming packages. A working example of an iCrystal licensed software gaming package can be found at www.pinkladycasino.com. The Company's website is located at www.icrystal.com. This press release contains forward-looking statements based on the Company's current expectations about its business and its industry. You can identify these forward-looking statements when you see words such as ``expect,'' ``anticipate,'' ``estimate'' and other similar expressions of plans or uncertainties. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those anticipated in these forward-looking statements. Such risks relate to uncertainty in the internet gaming and credit card processing laws around the world, terrorism and its effect on business and the internet, consumer acceptance of and confidence in internet gaming, continued development of our software to keep abreast of current technology, competition from larger, better staffed and financed companies in the gaming industry and reliance upon our limited number of software licensees to continue operations and perform according to their agreements. The Company undertakes no obligation to publicly update any forward-looking statements for any reason, even in the event new information becomes available or other events occur in the future. CONTACT: Investor Relations of iCrystal Inc., 888-922-5021