Cryptologic signs agreement for innovative new game

Canadian (soon to be Ireland) based turnkey provider and online games developer CryptoLogic Inc., is bringing one of the Internet's most popular online casual games to some of the world's top Internet casinos.

The company announced this week that it has signed an exclusive five-year agreement for the rights to develop the online slot version of Cubis, an award-winning, visually stunning, hugely popular three-dimensional puzzle game. The game will be offered to licensees through CryptoLogic's subsidiary, WagerLogic Limited, starting in the fourth quarter of 2006.

"CryptoLogic continues to lead the innovation of play-for-money slot versions of the world's most popular online casual games - from Bejeweled to Cubis," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's Cubis will be another "first" in online slots. By combining the appeal of a puzzle game with the excitement of a slot machine, CryptoLogic will again deliver unique online entertainment to players, and drive profitability for our customers."

Created by FreshGames, Cubis is already played online more than seven million times a month, and consistently ranks in the top 10 games played on major portals such as Yahoo!, AOL and MSN. It was also selected over many other games to be bundled on the US release of the Treo 700w, and is one of nine premium games to launch on the newest iPods.

According to Justin Thouin, CryptoLogic's Vice President, Casino Software Development, "Our first casual game slot, based on Bejeweled, has quickly become a player favourite. With all of the success of Cubis online, on phones and on iPod, we expect a tremendous reception for this brand new slot, too."

The slot version of Cubis will feature a three-dimensional board, intense graphics, a variety of game backgrounds and hidden secrets. With up to 15 winning lines and possible payouts worth 50 000 coins, players can wager as little as one penny to as much as $300 per play.

CryptoLogic has introduced more than 60 new casino games since 2004. Recent releases include successful slot titles such as Sweet Thing, an updated version of Rags to Riches, and new Marvel Super Hero-themed games based on Thor and Silver Surfer. Another standout was the industry's first-ever online version of the popular land-based casino game, Texas Hold'Em Bonus Poker. CryptoLogic's own patented online slot game, Millionaires Club, currently offers a $4.5 million jackpot, the largest in online gaming history.