Stephen Freedhoff Rejoins CryptoLogic Board
March 05 2008 - 6:00AM
Marketwired
DUBLIN, IRELAND (TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a world
leader in Internet gaming software, announced today the appointment
of Stephen Freedhoff to the company's board of directors. Mr.
Freedhoff, a chartered accountant and certified financial planner,
is very familiar with CryptoLogic, having previously served the
company as a director and chairman of the audit committee.
Mr. Freedhoff brings CryptoLogic more than 30 years' experience
as a partner at one of Canada's largest accounting firms. He
assumes the independent director position previously held by Brian
Hadfield, who was appointed president and CEO of CryptoLogic last
week.
"Stephen Freedhoff will help provide both insight and oversight
as CryptoLogic pursues its strategy of global growth - while
ensuring accountability and value for our shareholders," said Bob
Stikeman, CryptoLogic's Chairman. "Stephen knows both our company
and our industry very well, and having him return to our team
reflects our mutual commitment to the highest standards of
governance."
Mr. Freedhoff, a self-employed financial consultant since 1999,
has served on the boards and audit committees of several public
companies.
About CryptoLogic�(www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
world-leading, blue-chip 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 has been
certified to strict standards similar to land-based gaming.
WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is
responsible for the licensing of CryptoLogic software and services
to customers who offer their games around the world to non-U.S.
based players. For information on WagerLogic�, 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).
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.
Contacts: Argyle Communications Daniel Tisch (416) 968-7311 ext.
223 dtisch@argylecommunications.com Argyle Communications Kyla
Thoms (416) 968-7311 ext. 237 kthoms@argylecommunications.com
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