Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Everlo who wrote (856)	3/8/1999 5:42:00 PM
From: Mephistopheles	Respond to of 2782

CryptoLogic Announces Addition To Board Of Directors TORONTO, ONTARIO--CryptoLogic Inc. is pleased to announce the most recent addition to its Board of Directors. This appointment reflects the Company's objective of broadening and diversifying it's Board of Directors. David Cynamon joins the company as a member of CyptoLogic's Board of Directors. Mr. Cynamon has been the Chairman and CEO of KIK Corporation since 1995. Under his direction, KIK Corporation has grown to sales of CDA$200 million from CDA$16 million, and has achieved a leadership position in the household products category of the North American private label industry. Prior to joining KIK Corporation, Mr. Cynamon was Chairman and CEO of NHC Communications Inc., founded in 1987 and one of the first companies of its time to offer the non-professional investor real-time, on-line stock quotations and other information services. Later, the company became a leader in the networking communications manufacturing sector and was ranked 6th on Ernst and Young/Profit Magazine's 1992 and 1993 list of Canada's fastest growing companies. Today, in addition to running KIK Corporation, Mr. Cynamon is a founding partner and shareholder in P'laydium Entertainment Corporation, a Toronto-based company that runs virtual reality theme parks across Canada. CryptoLogic is involved in Internet software development and management that permits the processing of Internet based transactions. Its current focus is on electronic commerce and Internet gaming software. The Company's software products are used by individuals in more than 240 countries worldwide. The company has processed more than 200 million secure electronic transactions, worth more than U.S. $1.4 billion, from more than 250,000 users. 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: CryptoLogic Inc. Jenny Solursh Vice President, Marketing & Communications (416) 545-1455 e-mail: jsolursh@cryptologic.com