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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Miller who wrote (52)	5/8/1998 2:45:00 PM
From: Mr. Miller	Read Replies (2) \| Respond to of 6545

Another: To: Warner Buffett (337 ) From: Musya Thursday, Oct 23 1997 1:41PM ET Reply # of 551 This is just in: NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: CRYPTOLOGIC INC. CANADIAN DEALING NETWORK SYMBOL: CRYP OCTOBER 23, 1997 Cryptologic Announces 3rd Quarter Results Growth In Revenues Growth In Earnings TORONTO, ONTARIO--CryptoLogic Inc. announced today its results for the nine months ended September 30, 1997. Revenues for the quarter ended September 30, 1997 were $5.9 million, bringing its nine month revenues to $11.2 million. The Company had insignificant revenues in the same period last year, as it was in its start-up phase. Net earnings for the third quarter were $4.0 million, bringing the Company's net earnings for the nine month period to $7.4 million. This compares with a loss of $0.5 million for the same period last year. Basic earnings per share in the third quarter, 1997 were $0.55, bringing the nine month total to $1.13 per share. On a fully diluted basis, earnings per share were $0.25 for the quarter and $0.49 for the nine months ended September 30, 1997. There are approximately 7.5 million common shares currently outstanding. CryptoLogic's growth momentum continues, as witnessed by a comparison of the third quarter versus the second quarter. Revenues increased by 65.5 percent, while Net earnings increased by 75.9 percent. On a per share basis, basic earnings rose 57.1 percent, while fully diluted earnings increased 56.2 percent. During the third quarter, CryptoLogic's wholly owned subsidiary licensed three operators to use the Company's Casino Gaming Software, under the trade names: " Casino Internationale", "Sands of the Caribbean" and "Casino Inn", bringing the total number of licensed operators to four. CryptoLogic expects to launch a new version of its electronic commerce software later in the fourth quarter. As well, its wholly owned subsidiary has licensed another operator under the name "Casino Regal", bringing the total number of licensed operators to five. CryptoLogic's software products are being used by individuals in more than 160 countries worldwide. The Company has processed more than 42 million individual Secure Electronic Transactions, from more than 80,000 registered users, with nearly USD $325 million in Electronic Commerce Transactions being processed by CryptoLogic Server Technology. On September 30, 1997 the application brought by Mr. Lowry respecting the founders warrants was heard in court, and the Company is currently awaiting a decision from that court. CryptoLogic is a public Ontario Corporation listed on the Canadian Dealing Network; Symbol CRYP. The Company is involved in software development and operations for Internet transaction processing. Its current focus is on Internet Gaming software and Electronic Commerce software. And another: To: John Marcinko (387 ) From: Mephistopheles Monday, Dec 29 1997 11:05AM ET Reply # of 551 PRESS RELEASE DECEMBER 23, 1997 CANADIAN DEALING NETWORK SYMBOL: CRYP Cryptologic Announces Settlement & Future Plans TORONTO, ONTARIO--Cryptologic Inc. announced today that an agreement has been reached by all of the parties involved to settle the litigation respecting the Class A Warrant held by Andrew and Mark Rivkin. The main terms of the agreement are: 1. That the Class A Warrant be amended to limit the number of treasury shares that may be purchased to 5.8 million 2. That the legal action be dismissed 3. That the settlement be conditional on the approval by the shareholders of the Company at a meeting to be called to approve the amendment to the Class A Warrant. A special shareholders meeting has been called for February 2nd 1998 to consider the amendment, which will be proposed by the Board of Directors and supported by the parties to the settlement. The Company also proposed to ask the shareholders for approval of a stock split. In the event the shareholders approve these recommendations the Company then intends to apply to list its shares with the Toronto Stock Exchange. The Toronto Stock Exchange has not yet received an application. The business of the company is Internet software development, licensing, and servicing. The company is also active in Internet transaction processing. Its current focus is on Electronic Commerce software and Internet Gaming. Cryptologic Inc. is an Ontario Corporation listed on the Canadian Dealing Network under the symbol CRYP. There are approximately 7.4 million common shares outstanding.