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

To: John Marcinko who wrote (811)	1/8/1999 8:20:00 PM
From: Praxis	Read Replies (1) \| Respond to of 2782

I think the reason for this purchase is to diversify into new media in efforts to try and at least hedge their risks and generate other revenue streams. It will also give them some key industry contacts and wider US exposure. Did anyone see the article in the post regarding Australian billionaire Kerry Packer purchasing the Melbourne casino and plans on opening a virtual casino? It seems online gaming is seeing more wider, institutional recognition as a viable, growth segment.

To: John Marcinko who wrote (811)	2/10/1999 9:53:00 AM
From: Mephistopheles	Read Replies (2) \| Respond to 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.