Chartwell Files Form 20F with U.S. Securities and Exchange Commission
Chartwell Technology Inc. CWH-ASE
October 19, 1999, Chartwell Technology Inc.(CWH-ASE) is pleased to announce that it has filed its Form 20 F/R registration statement with the United States Securities Exchange Commission (SEC), to register the common shares of Chartwell under Section 12 of the U.S. Securities Exchange Act of 1934.
Chartwell has also completed its registration with Standard & Poor's Corporation Records in the United States.
Chartwell's SEC registration and Standard & Poor's listing are designed to facilitate a secondary trading market for Chartwell's common shares in the United States through licensed U.S. broker-dealers. By becoming a reporting issuer under the Exchange Act, Chartwell is closer to becoming eligible to list its stock for quotation or trading in the U.S.
Chartwell's management believes that these efforts represent steps in achieving Chartwell's objectives of increasing its profile in the U.S. and accessing the U.S. and global capital markets.
Chartwell Technology Inc. is a leading provider of JAVA based, in-browser, Internet based games and gaming software, services, and e-commerce solutions. The Java based CasinoCasino software requires no downloading and therefore provides instant access to gaming site after registration. Developing the software in JAVA is just one of Chartwell's clear competitive advantages. Chartwell's games can be demonstrated at our website www.chartwelltechnology.com.
Chartwell's superior software and ongoing development efforts leave it well positioned to take advantage of the tremendous opportunities in this rapidly growing industry.
For further information, please contact:
Darold H. Parken David Bajwa
President Investor Relations
(877) 261-6619 or (403) 261-6619 (877) 669-4180 or (604) 669-4180
The Alberta Stock 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.