CryptoLogic Files Revised Q1 2011 Financial Statements
17 Junio 2011 - 1:00AM
Marketwired
CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a
developer of branded online betting games and Internet casino
software, announces that it has filed revised interim condensed
consolidated financial statements for the first quarter ending
March 31, 2011. This follows a review by the Ontario Securities
Commission of the Company's first interim financial report prepared
under International Financial Reporting Standards ("IFRS").
The Company's revised interim condensed consolidated financial
statements disclose no change in assets, liabilities, equity, loss
or cash flows from those previously filed. The revised interim
condensed consolidated financial statements include the following
additional disclosures:
-- A statement of changes in equity for the three months ended March 31,
2010, as required under subsection 4.3(2)(b) of Canadian National
Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"), and
under paragraph 20(c) of International Accounting Standard 34 Interim
Financial Reporting.
-- An opening statement of financial position as at the date of transition
to IFRS, January 1, 2010, on the face of the interim financial
statements, as required by subsection 4.3(2)(e) of NI 51-102.
-- A notice, as required by subsection 4.3(3) of NI 51-102, to disclose
that the Company's auditor has not performed a review of the interim
condensed consolidated financial statements.
The revised interim condensed consolidated financial statements
are available at www.sedar.com and www.sec.gov or on the Company's
website at www.cryptologic.com.
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-U.S. based players around the
world.
CryptoLogic's common shares trade on the Toronto Stock Exchange
(CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main
Market of the London Stock Exchange (CRP).
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, 2010 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 David Gavagan Chairman and Interim CEO
+353 1 234 0400 CryptoLogic Huw Spiers CFO +353 1 234 0400 Corfin
Public Relations Neil Thapar +44 207 596 2860 Corfin Public
Relations Alexis Gore +44 207 596 2860
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