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Cryptologic Software Delivers Down Under Excitement With Kiwi Casino

5 October 2000

TORONTO, Ontario --(Press Release)--Oct. 5, 2000--CryptoLogic Inc. (NASDAQ:CRYP; TSE:CRY.)

CryptoLogic Inc., a leading software supplier to the Internet gaming and e-commerce industries, today extended its reach into the burgeoning Australasian market.

Internet casino investment by an overseas affiliate of the New Zealand-based Christchurch Casinos Limited group, has used CryptoLogic's online gaming and e-cash technologies to launch a new virtual casino adventure, Kiwi Casino. Kiwi Casino, named for New Zealand's national bird, delivers to players ``play for real'' casino excitement deep in the exotic sub-tropical rainforests of New Zealand.

``CryptoLogic continues to widen its international presence with the launch of Kiwi Casino,'' said Andrew Rivkin, CryptoLogic's president and CEO. ``We have raised the bar again. Teaming up with one of Australasia's leading casino groups, CryptoLogic has undoubtedly introduced one of the best casino experiences on the Web today. Kiwi Casino is sure to attract customers from around the world.''

Rivkin added, ``CryptoLogic has demonstrated that its Internet technology allows players to let their imagination run wild beyond the boundaries of traditional brick and mortar casino businesses. The result is Kiwi Casino, a virtual high-end casino that will transport its customers to the exotic sounds and lushness of New Zealand, all from the comfort and security of their own homes.''

``The flair and creativity with which CryptoLogic has produced Kiwi Casino has been first class,'' said Barry Thomas, Chairman of Christchurch Casinos Limited. ``Our affiliate's investment in this online venture is its first step into the fast-growing Internet gaming market.''

Kiwi Casino is celebrating its online debut with big promotions ranging from gifts, match deposits, a $100,000 Break the Bank free game and the ultimate chance to win a luxury week in New Zealand.

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