Strategic Investments Into Asian Market By CryptoLogic

Leading online gaming software company, CryptoLogic Limited, has struck a deal to acquire interest in 568 Network Inc. Developer of Internet based casual gaming software, 568 Inc. distributes products to the Chinese market, this latest maneuver will further sculpt the advancement of CryptoLogic's position in the Asian market.

Asia is viewed by most industry experts as the next marketable birthplace of the vastly expanding Internet gambling industry, currently forecasted to become the world's largest Internet gaming market. China's Internet-savvy population ranks second in the world, next the united States, with 135 million users.

CEO of CryptoLogic, Javaid Aziz, expressed the company's excitement over the deal, "The stakes are rising in Asia, which has a population of almost four billion, a deep-rooted gaming culture and a fast-growing rate of Internet adoption. CryptoLogic is already a player in Asia - and this investment strengthens our hand considerably for the years to come."

According to the agreement, which gives CryptoLogic the future option of absolute acquisition of 568 Inc., the two company's will establish the development and distribution of gaming software in regions that utilize the Chinese language. Casual and skill-based games will include poker, puzzle games, web-based pool and mahjong in single-player and multi-player varieties. Approved card games a Chinese poker variations will also be made available.

568 Inc CEO, George Chen also commented on the joint venture, "With CryptoLogic as a partner, we gain two things that are critical to success in China: the scalability to support thousands of concurrent players, and the expertise to deliver a superior entertainment experience. We're seeing early signs that we're on the right track: since June, we've generated more than 350,000 new registered players and are averaging more than 4,000 concurrent online players. Together, CryptoLogic and 568 Inc. have vast potential for profitable growth."