18 Feb. 99
N E W S R E L E A S E
Stratford Internet Technologies Inc. to provide
Internet CommunicationsFebruary 17, 1999, Chartwell Technology Inc.(CWH-ASE) thru its wholly owned subsidiary Gateway Technology Inc. is an internet based e-commerce, software technology and service company which commercializes online applications for established markets. Chartwell is pleased to announce that it has retained the services of Stratford Internet Technologies Inc. to provide internet based communications to raise awareness of corporate developments and the unique opportunity that it offers investors and e-commerce businesses.
Stratford Internet Technologies Inc., is a full service Internet Presence Provider specializing in the rapid development of customized internet communication strategies for companies of all sizes. Stratford's expertise in Internet communications will provide an extensive awareness campaign of Gateway's CasinoCasino software and CorelVIDEO solutions. This campaign will focus on businesses and Internet based Investors that are interested in our cutting edge, JAVA based, fully integrated Internet gaming software, which has revolutionized the virtual gaming industry on the World Wide Web. The CasinoCasino software requires no downloading and provides instant gratification that is demanded by the vast and untapped population of worldwide Internet players. The JAVA based CasinoCasino software allows Internet users instant access, even via AOL (NYSE:AOL) and WEB TV. The CorelVIDEO solution developed by the Corel Corporation (TSE:COS) provides Video Conferencing through any phone line, in any office, anywhere. In virtually a single stroke, CorelVIDEO solutions have erased the last remaining obstacles to the widespread adoption of Video Conferencing. It is now a business tool that is about to become as commonplace as the telephone.
Some of Stratford's gaming clients include Advanced Gaming (OTC BB:AGTI), Fortune Entertainment (OTC BB:FETG), Global Intertainment (OTC BB:GGNC), Great Canadian Casinos (VSE:GCD) & Network Gaming (VSE:NGQ)
"This is an important step in showing Chartwell's commitment to enhancing shareholder value" states Company President and CEO Mr. Darold H. Parken.
Peer internet based on-line gaming companies include Cryptologic (TSE: CRY) Starnet Communications International Inc.(OTC BB: SNMM), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Multimedia Games Inc.(OTC BB:MGAM), Virtual Gaming Technologies (OTC BB:VGTI), IGN Internet Global Network Inc.(OTC BB:IGNIF & VSE:IGN), GLC Limited (NASDAQ:GLCCF) in what PC Computing Magazine & UK's Financial Times estimates to be an $US 8 billion industry by 2004. Chartwell Technology Inc. is poised for exponential growth by offering its JAVA based Internet gaming software CasinoCasino.
Industry estimates shows a 35% yearly growth in the video conferencing equipment market. A report commissioned by Forward Concepts of Tempe AZ. predicts that the market will reach $US 5 billion by 2003. Peer companies in this sector include Multimedia Access (Nasdaq:MMAC), Picturetel Corporation (Nasdaq:PCTL), Polycom Inc.(Nasdaq:PLCM) and Vtel Corporation (Nasdaq:VTEL).
For further information, please contact:
Darold H. Parken
President
877-261-6619 or 403-261-6619
dhp@chartwelltechnology.comDavid Bajwa
Investor Relations
877-669-4180 or 604-669-4180
info@chartwelltechnology.comThe Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
For more information about Chartwell Technology Inc. please see www.chartwelltechnology.com/Stock.html