$10,075,000
Special Warrant Financing Completed
Calgary,
AB … March 10, 2000, Chartwell Technology Inc. (CWH)
is pleased to announce that the $10,075,000 Special Warrant Private Placement
announced on February 4, 2000 has been fully subscribed and
closed.
Proceeds from this financing will enable
Chartwell to carry out its current business model to become the premier
entertainment software provider in the rapidly growing Internet entertainment
and gaming industry. To highlight some of our short term objectives, the Company
intends to:
·
Become a premier supplier for the Internet’s leading
interactive entertainment communities, offering users the ability to compete for
prizes and cash by playing "multi-player" real-time games. Chartwell intends to
delivers state-of-the-art, permission-based database marketing solutions to
brand name advertisers.
·
Continue the aggressive development of its JAVA based
Internet games and gaming software, including the deployment of new games,
languages and multi –player tournament applications.
·
Execute an extensive online and conventional marketing and
strategic alliance campaign for its
Internet games and gaming software.
Chartwell
Technology Inc.
specializes in the development of
leading edge entertainment software for Internet and Intranet deployment by
operators of interactive entertainment websites and virtual
communities.
Chartwell
is
the leading developer of JAVA based in-browser, Internet based
gaming software and e-commerce solutions. Chartwell’s suite of JAVA based games provides instant access,
require no downloading and presently support both English and Chinese. The games
presently offered are: BlackJack, Roulette, Craps, Caribbean and Pai-Gow Poker,
Sic-Bo, Baccarat, Four Video Poker Games, Eight Slot Machine Games and
Multi-card, Multi-player BINGO. Chartwell’s software products and games are
designed for deployment in gaming, entertainment, advertising and promotional
applications.
Chartwell
invites you to preview and play the games at:
www.chartwelltechnology.com
For further information, please
contact:
Chartwell
Technology Inc.
(877)
261-6619 or (403) 261-6619
(877) 669-4180 or (604) 669-4180
dhp@chartwelltechnology.com
info@chartwelltechnology.com
The
Canadian Venture Exchange has neither approved nor disapproved the information
contained herein.
This press release contains “forward-looking
statements” including management’s beliefs, expectations or projections related
to the Company’s business prospects, capital raising and secondary markets for
the Company’s securities. Actual
results could differ materially from those set forth in forward-looking
statements. You are cautioned
against placing undue reliance on the forward-looking
statements.