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CryptoLogic Gaming Software Extends Terms With Largest Customer

Voted Top Online Casino Several Years in a Row!

Focus, a leading software developer to the global Internet casino gaming market, announced today that it has extended its current commercial terms with its largest licensee and one of the world's first and largest online casinos. Overseas Internet Gaming Entertainment NV (OIGE), the owner and operator of the award-winning gaming sites, InterCasino and InterPoker, has reaffirmed its exclusive agreement with CryptoLogic's wholly-owned licensing subsidiary, WagerLogic Limited, by securing the same royalty arrangements until at least January 1, 2012, and will continue to use WagerLogic's complete Internet gaming solution.

Following an internal business review, The Ritz Club London Online has decided to cease its relationship with WagerLogic effective on or prior to October 28, 2006. This decision will have no material impact on CryptoLogic's financial results as the Ritz accounts for less than two per cent of CryptoLogic's revenue."By reaffirming a long term relationship with our largest customer, we are following CryptoLogic's guiding principle of achieving the highest "ROE" - what we call "return on effort" - from our customers, products and projects," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's ROE strategy has seen us refine our licensee base since 2003, and the result has been record performance with revenue and earnings growing 95% and 117% respectively during that same period. We aim to continue to deepen our relationships with our major customers, while continuing active discussions with select new prospects that will enhance our roster of blue-chip global gaming and entertainment brands.

"Founded in 1996, InterCasino is the oldest and one of the largest and most award-winning online casinos in the world, having hosted more than 300 million games and paid out more than $3 billion in player winnings to date. InterCasino has been voted "Top Casino" by the readers of both Gambling Online Magazine for five years in a row (from 2001 to 2005), "Best Online Casino 2005" by Casino Player Magazine, and was named the "Top Online Casino for Slots in 2005" by Strictly Slots Magazine - the latest in the company's long list of player accolades. InterCasino also ranks among the world's top five most popular casino sites by Casino City.

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