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is reduced to the rise and has a record level of 7.2 percent of global spam. Sales increase by 22%, 27% nettowinsttot, a strong growth momentum is obtained by global and product expansion. These are to hear the kind of results investors, and this week the release of the second quarter and six months Cryptologic, provided the number. Strong second quarter exceeded expectations and present a solid, debt free, cash-rich companies with successful strategies. And as part of this strategy to diversify into other geographical markets than in the U.S., the company moved to the prestigious London Stock Exchange. "CryptoLogic continues well, casino best bonuses and the seasonally strong second quarter was our best performance in the past one and a half years," said Lewis Rose, CryptoLogic's President and CEO. "We are making great progress in what remains a difficult casino best bonuses market. At CryptoLogic, we focus on the fundamentals and diversifying both our product andgeographic markets. Our strategy is paying off with sales more than 20% and profits have more than 25% compared to last year "A strong sales and earnings in the diluted earnings per share of 0.21, the analyst consensus of 0.15 USD has led exceeded;. Continued strong growth in overseas markets licensee revenues from international sources to about 55% increase in first half of 2003, an increase of nearly 50% in the first quarter, steady growth in poker and bingo revenues together on the road 10 exceed% of 2003 revenues rose from zero in the second quarter of last year and began the application process for listing and trading on the casino best bonuses London Stock Exchange to use for squad CryptoLogic UK customers and operations, and its reach into the competitive international market is online gaming.

In the second quarter exceeded the expectations of CryptoLogic record 10.8 million in sales, net income of 2.6 million and diluted earnings per share of 0.21. This is also strong in the second quarter compared to the results achieved in 2002 The company generated sales of 8.9 million and a net profit of 2.0 million or 0.16 per diluted share, for a one-time special charge, and a net loss of 7.8 million or 0.65 per diluted share, after the special levy. Revenue for the first half year 30 June 2003, improved by 12% to 19.7 million compared to 17.casino best bonuses 6 million in the first six months of 2002. In the first six months of 2003 net profit 4.4 million or 0.36 per diluted share, compared to 4,200,000 casino best bonuses for one special tax or 0.32 per diluted share in the first six months of 2002. After the one-off charge, the company had a net loss of 5.6 million or 0.46 per diluted share in casino best bonuses the corresponding period of 2002. The company strengthened its balance sheet strengthening. On June 30, 2003, CryptoLogic had no debt and a cash position of 58.3 million or 4.74 per diluted shares (consisting of cash, including cash of 7.1 million). The Company Working Capital 39.8 million or 3.23 per diluted share.

For the second quarter, cash flow casino best bonuses from earnings 3.0 million , compared with a negative cash flow of 0.casino best bonuses 7 million in the comparable period of 2002, operating cash flow for the second quarter of 15.5 million (2002: 1,300,000). was unusually high due to temporary changes in working capital items, of which much is expected to make the balance of the year reversed. In line with the market-driven product strategy, expands CryptoLogic their gaming suite to help with more than 10 new choices of popular casino games to licensees to attract casino best bonuses and retain players and drive organic growth.