Chartwell Technology Inc. CWH

Victor Chandler Renews Software License Agreement

Chartwell Technology Inc. CWH.V

Calgary, Canada, April 16, 2003, Chartwell Technology Inc. (TSX-VEN: CWH) a leading provider of complete gaming systems to the online gaming industry, is very pleased to announce that Victor Chandler (International) of Gibraltar has renewed its software license agreement for another term.


Originally announced in July of 2000, the Victor Chandler organization was one of Chartwell's first major European clients. Over the past 3 years Victor Chandler's casino gaming site www.thespinroom.com has become a hugely popular and successful online casino.


The initial licensing agreement with Victor Chandler was the start of a Chartwell pioneered concept allowing an existing online sports betting site to be seamlessly integrated with a unique, branded online casino system, which greatly expanded punter's gaming options without the need for two separate gaming systems.


"We are extremely pleased to continue what has been an excellent relationship with Victor Chandler, states Darold H. Parken, President and CEO of Chartwell. "Over the past three years we have witnessed the growing success of www.thespinroom.com with our original Java-based casino suite of games. With the evolution of our total gaming system during this period, we are confident that the Victor Chandler organization will be even more successful with our latest Flash-based gaming software which will be rolled out during this quarter."

The Victor Chandler Group is a global operation with customers in over 70 countries around the world. With headquarters in Gibraltar, the Victor Chandler Group is one of the world's premier online gaming operators and www.thespinroom.com is one of the world's premier online casinos.


In accordance with TSX Venture Exchange policy Chartwell also announces an unrelated payment of 25,000 common shares to Michele Marrandino for his general marketing and sales efforts in Europe.

Chartwell Technology Inc. specializes in the development of leading edge gaming applications and entertainment content for the Internet. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming business of its clients. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.


For further information, please contact:
Chartwell Technology Inc.

 

  

 

David Bajwa, Investor Relations
(877) 669-4180 or (604) 669-4180
info@chartwelltechnology.com

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.

This press release contains "forward-looking statements" including management's beliefs, expectations or projections related to the Company's business prospects, capital raising and secondary markets for the Company's securities. Actual results could differ materially from those set forth in forward-looking statements. You are cautioned against placing undue reliance on the forward-looking statements.