Cryptologic Extends Relationship With Marvel
June 22, 2009 (Dublin, IRELAND) – CryptoLogic Limited, a world leader in Internet casino and branded gaming software, today announced the extension of its exclusive licensing agreement with Marvel Entertainment, Inc., a relationship that has produced some of the company’s most popular and profitable games.
Under the agreement, CryptoLogic retains its rights as the exclusive worldwide developer of Internet casino games based on Marvel’s characters as they appear in the comic books through 2013. This is the third time CryptoLogic has extended its very successful licensing agreement with Marvel.
“CryptoLogic’s exclusive partnership with Marvel has been daringly different for our industry – as together we have brought some of the world’s favourite characters to the world’s top Internet casinos,” said Brian Hadfield, CryptoLogic’s President and CEO. “It’s exciting to extend a deal that has been mutually successful and profitable, and to strengthen CryptoLogic’s competitive advantage in the branded gaming space. We look forward to working with Marvel to deliver an even more compelling experience for every player, every day.”
According to Simon Philips, President, Worldwide Consumer Products for Marvel Entertainment, “We are very pleased to be extending our relationship with CryptoLogic. They have proven they are able to translate Marvel’s world renowned Super Heroes into hugely successful Internet casino games and we are confident they will continue to fully leverage these properties on a global level."
Since 2005, CryptoLogic has launched more than 17 slot games featuring classic Marvel Super Heroes — including Spider-Man, the Hulk, X-Men, The Fantastic Four, Daredevil, Blade, Sub-Mariner, the Punisher and others — at some of the world’s most popular Internet casinos.
Boasting more than 280 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today, with games featuring some of the world’s most famous action and entertainment characters. CryptoLogic has earned rave reviews from industry peers and players alike, and in 2009 earned Gambling Online Magazine’s Top Casino Software award for the fourth consecutive year. Based on the votes of players around the world, it is widely considered the industry’s top honour.
“CryptoLogic is committed to building on this great partnership by delivering even more blockbuster entertainment with Marvel in the years to come,” added Justin Thouin, CryptoLogic’s Vice President.
About CryptoLogic (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.
CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).
Marvel and all related characters: TM & 2009 Marvel Entertainment, Inc. and its subsidiaries. Licensed by Marvel Characters B.V. www.marvel.com. All rights reserved.
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CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company’s financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company’s filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.