23 Feb. 99
N E W S R E L E A S E
Wall Street Reporter.Com Interviews President
February 23, 1999, Chartwell Technology Inc.(CWH-ASE) an internet based e-commerce, software, technology and service company which specializes in online gaming software and video conferencing solutions, is pleased to announce that Steve Latham, president of Gateway Technology Inc., a wholly owned subsidiary of Chartwell, has been interviewed by the Wall Street Reporter. This interview can be listened to via real audio at the www.wallstreetreporter.com website.
The Wall Street Reporter is an online research awareness website that assists the Internet investor by providing candid interviews with senior management of public companies. The focus of these interviews are to provide the investment community a platform in which to listen to the CEO's of some of the most advanced internet based public companies. The interviews outline the products and how they will change the way businesses and the general public will do business and entertain themselves in the future. The Wall Street Reporter states that they receive over 1,000,000 visits per month, and provide the investment community the opportunity to hear first hand how these companies evolved and where they are headed.
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), Global Intertainment (OTC BB:GGNC), 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).
Chartwell Technology Inc. with its state of the art 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. Its CorelVIDEO solution was 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.
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