July 12, 2000
Chartwell Technology Inc. (CWH.V) is pleased to announce that its wholly-owned subsidiary, GamingTech Corporation has finalized an agreement to design, construct and license an online casino for Victor Chandler (International) Limited of Gibraltar.
The Victor Chandler Group has been established as a racing and general sports betting and bookmaking business for over 50 years. With a fearless reputation for laying the largest bets, the group has consistently been recognized as the most innovative and dynamic player in the sector. More importantly, it has been recognized as the most accredited, discreet and legitimate operation - invariably referred to as the Gentleman’s Bookmaker.
The Victor Chandler Group has its headquarters in Gibraltar with a staff of 500 covering the six principal languages and annual revenues of approximately US $1 Billion. It has Operations and Sales offices in the UK, Thailand, Hong Kong and Japan with marketing operations in Hong Kong, Bangkok, Malaysia and Japan.
The Victor Chandler brand name is recognized internationally and we confidently expect it to become one of the online gaming industry leaders. Online gaming is a natural complement to the Victor Chandler Internet Sportsbook (www.victorchandler.com), which offers tax-free betting to a worldwide audience under Gibraltar government regulations.
This strategic license follows Chartwell's strategy of expanding the company's operations with an increased focus on international markets with major participants such as The Victor Chandler Group. Chartwell through its wholly owned subsidiary, GamingTech is negotiating other strategic alliances to complement this strategy.
Chartwell Technology Inc. specializes in the development of leading edge games and entertainment content for Internet and Intranet deployment by operators of interactive websites and virtual communities. Chartwell’s software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications
Chartwell invites you to preview and play our games at: www.chartwelltechnology.com
For further information, please contact:
Chartwell Technology Inc.
Darold H. Parken, President
(877) 261-6619 or (403) 261-6619
David Bajwa, Investor Relations
(877) 669-4180 or (604) 669-4180
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.