CHARTWELL ANNOUNCES RECEIPT OF ALDERNEY CERTIFICATE OF PRIOR APPROVAL
Chartwell Technology Inc. TSX-VEN: CWH
Calgary, Canada, September 8, 2003, Chartwell Technology Inc. (TSX-VEN: CWH) a leading provider of gaming software systems and entertainment content to the online and remote gaming industry, announces that the Alderney Gambling Control Commission has issued Chartwell a Certificate of Prior Approval. The Certificate of Prior Approval reflects the licensing jurisdiction's satisfaction with the results of a very extensive due diligence enquiry into Chartwell's business structure and its officers and directors.
"The Certificate of Prior Approval now provides Chartwell with the ability
to confidently enter into negotiations with major gaming operators that seek
the reputability and protection of the tightly controlled regulatory environment
afforded by Alderney," states Darold H. Parken, President and CEO of Chartwell.
Mr. Parken adds, " We are experiencing significantly higher levels of interest,
particularly in the European region, from brand name gaming operators and being
able to provide them with this sort of complete corporate certification further
enhances our position as their leading choice of software supplier".
Alderney is one of only a few jurisdictions that have created a framework for
the licensing and regulation of interactive gaming. The Alderney Gambling Control
Commission was established in May 2000. The Commission is independent and non-political
and regulates gambling on behalf of the States of Alderney. The mandate of the
Commission is to provide a regulatory environment that meets the highest standards
and thereby both protects the reputation of Alderney and attracts world-class
operations.
"For the gaming industry to fully develop, we believe that the playing
public must have confidence not only in the gaming products themselves but also
in the existence of a fair and responsible gaming environment. That confidence
is created through a combination of reputable software suppliers, gaming operators
and a high degree of player protection and gaming standards enforced by recognizable
and creditable authorities. Chartwell's plans for continued success and growth
within the industry are based upon our ability to offer our wide range of gaming
products and platforms within highly regulated jurisdictions such as Alderney,"
adds Mr. Parken.
Chartwell Technology Inc. specializes in the development of leading edge gaming
applications and entertainment content for the Internet, wireless and other
remote access devices. 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.
Chartwell invites you to preview and play our games at: www.chartwelltechnology.com
For further information, please contact: Chartwell Technology Inc.
David Bajwa, Investor Relations
(877) 261-6619 or (403) 261-6619 (877) 699-4180 or (604) 669-4180
dhp@chartwelltechnology.com info@chartwelltechnology.com
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products, regulation of the online gaming industry, and other risks detailed from time to time in Chartwell's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.