19 Aug. 99
N E W S R E L E A S E
Chartwell announces two new licensees of its CasinoCasino
Internet Gaming Software
Chartwell
is pleased to announce that the Company
has entered into agreements to license its Internet Gaming software to
two new licensees. This brings to 11
the number of gaming companies who have licensed Chartwell's Java based,
Internet gaming software, CasinoCasino,
since it was released in January of 1999.
The new licensees are:
In connection with the previously announced (August
3,1999) release of Chartwell's Chinese version of CasinoCasino
the Company is exhibiting its software at the Australasian Gaming Expo
99 in Sydney, Australia, August 22 - 24 and will also be an exhibitor
at the World Gaming Congress and Expo 99 in Las Vega, Nevada September
14 - 16. These exhibitions will showcase the significant enhancements
to the software which have been developed over the past 6 months.
CasinoCasino,
Chartwell's customized, full service, Internet gaming software system
includes eighteen casino games including blackjack, roulette, craps,
Pai Gow Poker, Carribean Poker, Baccarat, four video poker games and
eight slots. The software also includes, Cyberboss,
a state of the art backend administrative utility with remote access
and I.P. tracking and Cyberbanx,
a complete banking interface and e-commerce system. The Licensees' customers
are able to place wagers via a secure, online, financial transaction
system which is customized for Licensees wherever they are located.
Chartwell Technology Inc. is a leading
provider of JAVA based, in-browser, Internet based
gaming software, services and e-commerce solutions. The Java based
CasinoCasino software
requires no downloading and therefore provides instant access to the
gaming site after registration. Developing the software in JAVA
is just one of Chartwell's clear competitive advantages. Gaming sites
and software demonstrations can be accessed through www.chartwelltechnology.com
Deuche Bank & Christianson Cummings
Associates estimate that the number of Internet gamblers will increase
from less than one million in 1997 to 25.4 million in 1999 and 43 million
by 2001. The Financial Times of London, Smith Barney and Datamonitor,
one of the largest IT research firms in Europe, all project that Internet
gambling revenues should exceed $10 Billion by 2002. Peer Internet based
online companies include Cryptologic (TSE:CRY) and Starnet Communications
(OTCBB:SNMM).
Chartwell's superior software and ongoing development efforts leave it well positioned to take advantage of the tremendous opportunities in this relatively new industry.
For further information, please contact:
| Darold H. Parken President 877-261-6619 or 403-261-6619 dhp@chartwelltechnology.com |
David Bajwa Investor Relations 877-669-4180 or 604-669-4180 info@chartwelltechnology.com |
The 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