FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July 2007
Commission File Number 000-30224
| CRYPTOLOGIC INC. |
| (Translation of registrant’s name into English) |
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55 St. Clair Avenue West, 3rd Floor Toronto, Ontario, Canada M4V 2Y7 |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
| Form 20-F | Form 40-F | X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes | No | X |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82 —
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CRYPTOLOGIC INC. |
| Date: July 27, 2007 |
 Stephen Taylor Chief Financial Officer |
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FOR IMMEDIATE RELEASE
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Symbol: TSX: CRY & CXY; NASDAQ: CRYP; LSE: CRP |
CryptoLogic announces changes to Board of Directors
July 26, 2007 (Dublin, IRELAND and Toronto, ON) – CryptoLogic Limited, a leading software developer to the global Internet gaming industry, today announced that Nigel Simon has stepped down as a director of the company. Mr. Simon had served on the board since September 2005.
“We are grateful to Nigel for his contribution as a director and his special assistance in the reorganization initiative to Ireland, and we wish him well in his endeavours,” said Robert Stikeman, Chairman of the Board.
In recent months, CryptoLogic has recruited three seasoned businesspeople from Europe and Asia to its board, reflecting the company’s new European headquarters and its broader global strategy:
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Tom Byrne is a chartered accountant who worked for 14 years at a Dublin brokerage firm, rising to the position of head of corporate finance. He also served as a partner at an international accounting firm and is currently the nominee of the Institute of Bankers in Ireland to the board of the Irish Takeover Panel. |
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Brian Hadfield has played senior roles in a 21-year career at Unisys Ltd., including managing director and vice president for the U.K., the Middle East and Singapore. |
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Wai Ming Yap is a lawyer with Stamford Law Corporation in Singapore. He also sits on public company boards in Hong Kong, and is a specialist in the gaming and leisure law sectors. |
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. CryptoLogic’s leadership in regulatory compliance makes it one of the very few companies with gaming software that has been certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around he world to non-U.S based players. For information on WagerLogic(, visit www.wagerlogic.com.
CryptoLogic’s common shares trade on the Toronto Stock Exchange (symbol: CRY), the NASDAQ Global Select Market (symbol: CRYP) and the Main Market of the London Stock Exchange (symbol: CRP). Shares of the CryptoLogic Exchange Corporation (symbol: CXY) trade on the Toronto Stock Exchange.
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For more information, please contact:
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Argyle Communications (416) 968-7311 (North American & gaming industry media) |
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Karen Passmore, ext. 228/ kpassmore@argylecommunications.com |
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Dan Tisch, ext. 223/dtisch@argylecommunications.com |
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TEL 353 (0)1 631 9000 FAX 353 (0) 1 631 9001
ALEXANDRA HOUSE, THE SWEEPSTAKES, BALLSBRIDGE, DUBLIN 4, IRELAND
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Corfin Communications (UK media) |
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Ben Hunt, +44 207 929 8985 |
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Neil Thapar, +44 207 929 8999 |
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Harry Chathli, +44 207 979 8980 |
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 relating to international operations, 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.