New Online Poker Site
By staff
April 15, 2003 (Toronto, ON) - CryptoLogic Inc., a leading software

developer to the Internet gaming and e-commerce industries, announced today

that one of the Internet's most popular bingo groups has launched the online

version of poker, the world's most popular card game, using poker software

developed by CryptoLogic. Through an agreement with CryptoLogic's

wholly-owned subsidiary, WagerLogic Limited, Bingo Entertainment NV has

debuted its new online poker site, www.pokerplex.com, enabling its 120,000

players to enjoy immediate poker action at one of the leading poker rooms on

the Internet.


'We are delighted to add yet another brand name customer, further

contributing to the large, growing player community using our centralized

poker offering,' said Lewis Rose, CryptoLogic's President and CEO. 'By using

our proven technology, Bingo Entertainment can leverage its player franchise

and broad marketing network to build a successful online poker business. In

less than six months since our poker product launch, we have established

ourselves as a major force in poker, one of the fastest growing game

segments on the Internet.'


www.pokerplex.com offers an exciting and realistic poker room environment to

appeal to casual poker players and high stakes gamers alike - all live on

the Internet. Players can enjoy the most popular poker games - Texas

Hold'em, 7-Card Stud, Omaha High and Omaha High/Low and play in their

preferred currency - US dollars, British pounds sterling or Euros.

WagerLogic's high quality graphics, chat feature and exceptional support and

service complete this leading multi-player poker offering.


'We are excited to offer our players a broad range of Web entertainment, now

introducing poker to our online game suite,' said Richard Chambers, CEO of

Bingo Entertainment NV. 'As part of a larger online poker community, our

players can easily find a game at any time, with real people from around the

world. WagerLogic's centralized poker solution gives our players instant

access to a live, action-filled online poker experience and allows us to

enter this growth area with a market advantage for increased profitability.'


Table poker accounts for approximately 5% of the $3.5 billion online gaming

market today, and yet it is still a large and emerging growth area.

CryptoLogic has very quickly achieved market leadership and today already

powers one of the top 10 poker rooms on the Web.


'We are actively seizing on the early success of our poker product to

attract new customers,' said Jon Moss, WagerLogic's Director of Business

Development. 'Today's announcement of the launch of Bingo Entertainment'

new poker site - the fourth brand name, international customer to roll out

WagerLogic's multi-player poker solution - is evidence of our increasing

market leadership and potential in this growing game segment.'


About CryptoLogic (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is the leading

software development company serving the Internet gaming market. The

company's proprietary technologies enable secure, high-speed financial

transactions over the Internet. CryptoLogic, ranked #1 in the Profit 100

listing of Canada's fastest growing companies, continues to develop

state-of-the-art Internet software applications for both the electronic

commerce and Internet gaming industries. WagerLogic Ltd., a wholly-owned

subsidiary of CryptoLogic, is responsible for the licensing of its gaming

software and services to customers worldwide. For more information on

WagerLogic, visit www.wagerlogic.com.


CryptoLogic's common shares trade on the Toronto Stock Exchange under the

symbol CRY and on the Nasdaq National Market under the symbol CRYP. There

are currently 12.2 million common shares outstanding (12.2 million shares on

a diluted basis, based on the treasury method).


About Bingo Entertainment NV

Bingo Entertainment NV is part of the Bingo Entertainment Ltd. group of

companies that owns and operates leading Internet bingo sites including

www.bingogala.com, www.glamourbingo.com, www.bingomega.com,

www.mainstreetbingo.com, www.bingosplash.com, www.bingoblowout.com,

www.bingoempire.com and www.premierbingo.com. Bingo Entertainment also

provides a trusted and extensive network of marketing, news and promotional

gaming sites.

 
 
 
 
 
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