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Changes in Board Members

With the announcement that the former CEO of CryptoLogic, Javaid Aziz, is stepping down from his position as CEO to spend more time with family, CryptoLogic announced that the position would be filled from within the company, specifically with Brian Hadfield. Hadfield has taken on the position of CEO to the top online casinos software development company in the world – and at the same time left a vacancy on the company’s Board of Directors. CryptoLogic announced that it would similarly promote from within the online casinos software development company and Stephen Freedhoff has agreed to join the Board.

Hadfield was previously in an independent director position on the board when leaving that position to take over as CEO. FreedHoff will now assume that position – but at the same time leave another vacancy and chance for inter-company promotion. The CryptoLogic online casinos gambling company promoted Freedhoff from his position as Chairman of the Audit Committee.

CryptoLogic is in a unique position within the online casinos industry this year because the company has announced a shift in focus – now outward into the industry and with the focus on acquiring new licensees for the CryptoLogic gaming platform. As a member of the Board of Directors, Freedhoff is now responsible for “[providing] both insight and oversight as CryptoLogic pursues its strategy of global growth — while ensuring accountability and value for our shareholders,” commented Chairman Bob Strikeman. Freedhoff’s 30 plus years in the accounting and financial planning industry will undoubtedly benefit the board in the coming months and years.