CryptoLogic Updates Investors on Purported Requisition of EGM
March 05 2009 - 2:00AM
Marketwired
CryptoLogic (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a world
leader in internet casino and branded gaming software, today
provided an update to the announcements made by the company on 19
February and 23 February 2009 regarding the purported requisition
for an extraordinary general meeting of the shareholders of
CryptoLogic submitted by Mr. Javaid Aziz on 18 February 2009.
CryptoLogic received notification on 4 March 2009 from counsel
to Mr. Aziz that he "does not seek to rely on" the purported
requisition for an extraordinary general meeting that the company
received on 18 February 2009." As such, the company will not be
calling an EGM pursuant to the aforementioned 18 February 2009
letter.
Further announcements will be made as appropriate.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this news 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: CryptoLogic Stephen Taylor Chief Financial Officer 353
(0) 1 234 0415 Argyle Communications Jason Graham (North American
and gaming industry media) (416) 968-7311 ext 229
jgraham@argylecommunications.com Argyle Communications Daniel Tisch
(North American and gaming industry media) (416) 968-7311 ext 223
dtisch@argylecommunications.com Corfin Communications Neil Thapar
(UK media only) +44 207 977 0020 Corfin Communications Harry
Chathli or Alexis Gore (UK media only) +44 207 977 0020
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