Cryptologic reports an increase in profits

Cryptologic is known for developing first class online casinos that have unique casino
games and has become well known among online gamblers as a trusted online casino
provider. For the first half of 2007, Cryptologic is reporting an increase in profits,
although costs for moving the company to Ireland, reorganization costs and taxes
totaling more than $4 million did cause their records to show a temporary loss.

President and CEO of Cryptologic, Javaid Aziz is quoted as saying, "Cryptologic took
major steps this quarter towards a return to growth and profitability - with an
increase in operating revenue, and a decrease in operating costs. Since December,
Cryptologic has launched 11 new customer sites, and we have four more in the pipeline
- including two for Holland Casino, and one for World Poker Tour. With the confidence
of huge global brands, good growth from our European base and encouraging progress in
Asia, Cryptologic's outlook improves every day."

The positive outlook of those in power at the company will help greatly on the road to
a major success for Cryptologic. Online Casinos as a whole generate approx. $6 billion
in revenue annually. These numbers have shown a dip due to the U.S. Anti Gambling Act,
but casino officials are not giving up. Instead, most online casinos are looking at
new geographical markets, new promotions to existing players and branching out to more
avenues such as skill games, sportsbetting, poker and bingo. Those groups previously
not involved in such avenues are finding the market ripe for new ventures such as
these.