At least five new customers launching this summer and fall, driving growth for e-gaming software leader

CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a world leader in Internet gaming software, today noted its significant revenue growth prospects for 2008 in the wake of today's announcement that one relatively small licensee, Sportech PLC, will use other gaming software starting in September. CryptoLogic will start earning revenue from at minimum five new customers this summer and fall.

"CryptoLogic is having a banner year in signing long-term contracts with leading gaming brands in both Europe and Asia, and that's why we remain so bullish about our growth prospects," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic's customer base has never been larger - and our customer pipeline has never been healthier."

Sportech currently licenses CryptoLogic software for its Littlewoods-branded gaming sites, representing approximately four per cent of the software provider's annual revenue. As Sportech has entered into a new relationship with 888 Holdings PLC, CryptoLogic expects to continue earning some revenue from Littlewoods players; 888 has signed an agreement to offer more than 10 of CryptoLogic's top games to its players and partners. CryptoLogic also expects some Littlewoods players to migrate to its other licensees' sites to find their favourite games that are not available on the 888 platform.

Sportech's move to a new provider will have no material impact on liquidity in the poker room shared by CryptoLogic licensees, as the vast majority of Littlewoods business comes from its casino site.

CryptoLogic will start earning revenue this week from the launches of sites for new licensees Khel Galli (India), Maharajah Club (UK) and OPoker (Scandinavia). The company's top games will be available at 888.com later this summer, and the company will launch a site for Betjacks (Ireland) this fall. Further, CryptoLogic's new customer pipeline, not yet publicly announced, includes some of the largest and most recognizable brands in online gaming.

In addition to adding new customers, CryptoLogic expects to earn new revenue by providing localized versions of its casino games and poker software to help its licensees penetrate key markets in Europe and Asia. The company is also promoting player acquisition and retention by rolling out new games and content more frequently, and by continuing to ramp up its business development and marketing activities.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software.