CryptoLogic Applies for Delisting of Its Shares on NASDAQ
21 June 2012 - 11:00PM
Marketwired
CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP), an Amaya
Gaming Group company, announced that it has filed Form 25 with the
U.S. Securities and Exchange Commission (SEC) on June 15, 2012
relating to the delisting of the CryptoLogic Shares (symbol: CRYP)
on the NASDAQ. Accordingly, the last day of trading of the
CryptoLogic Shares on the NASDAQ is expected to be on or about June
26, 2012.
CryptoLogic has not arranged for its shares to be listed or
quoted on any other U.S. national securities exchange or quotation
medium.
Following the effective date of the delisting, CryptoLogic plans
to file a Form 15 to terminate the registration of the CryptoLogic
Shares under Section 12(g) of the U.S. Exchange Act. CryptoLogic
will be eligible to terminate such registration because its
securities are held by fewer than 300 record holders. Upon filing
of the Form 15, CryptoLogic's obligation to file certain reports
with the SEC, including Forms 20-F and 6-K, will immediately be
suspended.
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
leading developer and supplier of Internet gaming software. With
more than 300 games, CryptoLogic has one of the most comprehensive
casino suites on the Internet, with award-winning games featuring
some of the world's most famous action and entertainment
characters. The Company's licensees include many top Internet
gaming brands. CryptoLogic's leadership in regulatory compliance
makes it one of the few companies with gaming software certified to
strict standards similar to land-based gaming. The CryptoLogic
Group licenses gaming software and services to blue-chip customers
that offer their games to non-US based players around the
world.
CryptoLogic's common shares trade on the Toronto Stock Exchange
(CRY, CXY) and the NASDAQ Global Select Market (CRYP). The Company
was acquired by Amaya Gaming Group Inc. of Canada in March
2012.
About Amaya Gaming Group
Founded in 2004, Amaya Gaming Group Inc. is a technology based
gaming provider for the regulated gaming industry. An expansive
global organization, present in North America, Latin America,
Europe, Africa and Asia, Amaya is an innovator in the gaming
world.
Headquartered in Montreal, Canada, Amaya provides a host of
services and solutions that range from: online and mobile gaming
casino games and platforms, traditional and mobile lotteries,
networked electronic gaming systems, hospitality in-room
entertainment systems, management systems, content suites, advisory
and management services, and integrity monitoring and auditing
systems for the regulated gaming markets. For more information
please visit www.amayagaming.com or www.amayaonline.com.
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
This press release contains forward-looking statements within
the meaning of applicable securities laws. 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. The words "believe",
"expect", "anticipate", "estimate", "intend", "may", "will",
"would" and similar expressions and the negative of such
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Forward-looking statements are based on certain
factors and assumptions including expected growth, results of
operations, performance, business prospects and opportunities,
foreign exchange rates and effective income tax rates. While the
Company considers these factors and assumptions to be reasonable
based on information currently available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks and uncertainties that may cause actual results, performance
or achievements of the Company to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Risks related to
forward-looking statements include, without limitation, risks
associated with the Company's financial condition, prospects and
opportunities, 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 and risks associated with competition.
Additional risks and uncertainties can be found in the Company's
Form 20-F for the fiscal year ended December 31, 2011 under the
heading "Item 3 - Key Information - Risk Factors" and in the
Company's other filings with the US Securities and Exchange
Commission and Canadian provincial securities commissions. Given
these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements. Forward-looking
statements are given only as at the date of this release and the
Company disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by
law.
Contacts: CryptoLogic Limited Ian Price VP Operations +44 (0)
207 616 1947 www.cryptologic.com For Amaya Gaming Group Inc.
Equicom Jeff Codispodi +1 (416) 815-0700 ext. 261 Luther Pendragon
Neil Thapar, Alexis Gore +44 (0) 207 618 9100
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