Greenhawk Resources Inc C.GRHK

CRYPTOLOGIC SIGNS LAND-BASED AUSTRALIAN CASIN

[Mephistopheles]

CRYPTOLOGIC SIGNS LAND-BASED AUSTRALIAN CASINO OPERATOR TORONTO, CANADA-- Agreement reinforces CryptoLogic's position as global leader in Internet gaming software CryptoLogic Inc. is pleased to announce that its wholly-owned subsidiary, Intertainet Overseas Licensing Limited (IOLL), has signed an agreement to provide its Internet gaming software and support services to Jupiters Limited of Australia. This latest license agreement reinforces CryptoLogic's position as a leading supplier of Internet gaming software worldwide. ``Jupiters supports our international growth strategy of aligning ourselves with well-recognized licensees in regulated markets around the world,'' said Andrew Rivkin, President and CEO of CryptoLogic Inc. ``Their superior brand and extensive customer base further solidifies our dominant position in the Internet gaming industry and gives us early entry into a new strategic international arena.'' Jupiters extends CryptoLogic's reach into Australia, one of the largest, regulated markets for Internet gaming in the world. Industry experts have identified Australia as the next burgeoning region in Internet gaming - a catalyst that could double global Internet gambling revenues from their previous estimates to more than US$4 billion in 2001. Jupiters marks the second significant land-based gaming organization that the CryptoLogic has signed in recent months. Today's announcement follows a recent agreement with William Hill, one of the largest land-based sports books in the United Kingdom. Together, these agreements place CryptoLogic at the forefront of this fast-growing global market. ``CryptoLogic offers us a total turnkey solution for our Internet gaming venture. We are excited to work with CryptoLogic to deliver a highly entertaining Web experience for our customers,'' said Richard Barnes, Managing Director of Jupiters Limited. ``We are impressed by their exceptional technology, proven track record and credible reputation in the marketplace. CryptoLogic brings all the right expertise to help us successfully expand our casino operations into the Internet and generate new revenue streams in the high margin e-gaming business.'' ``The fact that Jupiters has chosen CryptoLogic as their technology partner is a meaningful endorsement of our organization and qualifications. Together, we will work to advance the certification of our software by Australian government authorities for that market and apply for Jupiters.com's regulatory approval. We believe Jupiters is in a great position to capitalize on the Internet gaming industry in Australia and worldwide, given their brand strength and location in a favourable regulatory environment,'' added Mr. Rivkin. About Jupiters Jupiters Limited is one of Australia's most widely recognized and respected hotel casino organizations. It was the first major land-based casino in the country. Listed on the Australian Stock Exchange, Jupiters has diverse interest in gaming, leisure and entertainment that generated over US$360 million in revenue in 1999. Its premier hotel casino operations in Brisbane and on the Gold Coast attract over 22,000 visitors per day. Jupiters' business portfolio also encompasses multi-language sports and race betting via telephone and the Internet and keno gaming in the major markets of Queensland and New South Wales. About CryptoLogic CryptoLogic Inc. (TSE:CRY - news) is the leading software development company serving the fast-growing Internet gaming market. The company's proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic continues to innovate and develop state of the art Internet software applications for both the electronic commerce and Internet gaming industries. CryptoLogic's common shares trade on the Toronto Stock Exchange under symbol CRY. There are currently 11.1 million common shares outstanding (15.6 million shares fully diluted). CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER: 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks associated with the Company's financial condition and prospects, 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 associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. -------------------------------------------------------------------------------- Contact: Cryptologic Inc Jenny Solursh Senior Vice President [phone] email: [e-mail] or Cryptologic Inc Nancy Chan-Palmateer Director of Communications [phone] [e-mail] or Jupiters Limited Richard Barnes Managing Director 07-5570-2500 https://biz.yahoo.com/ccn/000214/t.html