16 June 99
N E W S R E L E A S E
Chartwell Licenses its "CasinoCasino" Internet Gaming Software to Two More On-Line Gaming Casinos
Chartwell Technology Inc. (CWH-ASE) is pleased to announce that the Company has entered into agreements to license its Internet Gaming software to two new licensees. This brings to 7 the number of gaming companies who have licensed Chartwell’s Java based, Internet Gaming software, CasinoCasino, since it was released in January of 1999. "Companies are licensing our software because of the number and quality of the games we have developed, and because we developed our games in JAVA, which means no lengthy program downloading. When it comes to the Internet today speed is everything. That is why we developed our CasinoCasino code in JAVA." says Steve Latham, President of Chartwell’s wholly owned subsidiary.
The new licensees are:
- Servicios De Computo Sudamericanos S.A. (Majestic International)
- Eldorado Limited
Chartwell’s customized, full service, Internet gaming software system includes twelve casino games, a state of the art Backend Administrative Utility with remote access, I.P. Tracking and e-commerce software. The Licensees’ customers are able to place wagers via a secure, online, financial transaction system which is customized for Licensees wherever they are located.
The CasinoCasino software requires no downloading and therefore provides instant access to the gaming site after registration. "The long download from C++ based software is where you lose about 70% of your first time players. Developing our code in JAVA is just one of our clear competitive advantages. Speed is demanded by Internet game players worldwide," says Steve Latham. The JAVA based CasinoCasino software allows Internet users instant access, even via AOL.
Chartwell Technology Inc. is a leading provider of JAVA based, in-browser, Internet based gaming software, services and e-commerce solutions.
Gaming sites can be accessed through www.chartwelltechnology.com
The online market place is growing exponentially as reported by Deutsche Bank & Christiansen/Cummings Associates. The number of adult home Internet users has grown from 46 million in 1997 to 121 million in 1999 and is expected to exceed 160 million by 2001. They also estimate that in 1997 there were less than one million Internet gamblers, in 1999 they estimate this to increase to 25.4 million and to 43 million Internet gamblers by the year 2001. Internet gaming revenues are expected to reach between US$811 million and US$3.9 billion in 1999.
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