Cryptologic and Paramount Announce Multi-year Agreement

DUBLIN, Ireland -- CryptoLogic Limited, a world leader in Internet casino and branded gaming software, today announced a multi-year agreement with Paramount Digital Entertainment that will bring
Cryptologic is a leading online gambling software manufacturer.  some of the most famous movie characters in history to the Internet casino world beginning in the fourth quarter of 2009.

Under the agreement, CryptoLogic gains the exclusive rights to offer online slot games based on more than 20 of Paramount Pictures' collection of feature film titles, including Braveheart, Forrest Gump, Beowulf, Beverly Hills Cop, Ferris Bueller, Ghost and many others. CryptoLogic also has the opportunity to build a dedicated gaming site that would house all of its movie-themed games. The first games will launch in several international territories.

"We are very excited about this new relationship with Paramount Digital Entertainment as it both vindicates and enhances our strategic position. Paramount Pictures boasts an extensive catalogue of classic and new releases, and CryptoLogic makes the world's best branded Internet casino games," said Brian Hadfield, CryptoLogic's president and CEO. "It's been proven that CryptoLogic's branded games drive Internet casino revenue — and we look forward to a mutually profitable relationship with this global entertainment leader."

"As the online gaming industry continues to evolve as a destination for gamers, we feel that our films are a great fit for those looking to play on this new platform," states Luke Letizia, Vice President Interactive Licensing Paramount Digital Entertainment. "We are excited to be able to work with CryptoLogic, a leader in this space, and are confident that they will develop games that are on par with the quality and caliber of Paramount Pictures properties."

With more than 280 games, CryptoLogic has one of the most comprehensive casino suites on the Internet today. CryptoLogic has earned rave reviews from industry peers and players alike, and just recently earned Gambling Online Magazine's Top Casino Software award for the fourth consecutive year. Based on the votes of players around the world, it is widely considered the industry's top honour.

"CryptoLogic is building excellent momentum with a long and growing list of major entertainment brands as our partners and customers," said Justin Thouin, CryptoLogic's Vice President, Product Management and Business Development. "This agreement with Paramount Digital Entertainment strengthens CryptoLogic's leadership in the branded gaming space."