CHARTWELL EXPANDS ITS PLAY FOR FUN APPLICATION WITH HOSPITALITY AND ENTERTAINMENT PORTAL LASVEGAS.COM

Chartwell Technology Inc.                                                                                               CWH.V

Calgary, AB
February 8, 2001, 

    Chartwell Technology Inc. (CWH.V) is pleased to announce that it has been engaged to design and construct a virtual casino for the dominant Las Vegas hospitality and entertainment portal site www.lasvegas.com.  The lasvegas.com online casino will be an exciting new entertainment component of this very popular domain.  Chartwell will share in all advertising revenue generated by the lasvegas.com online casino.

 
    “This relationship represents another step in the expansion of Chartwell’s business into the pure Internet entertainment content area. Lasvegas.com is a fabulous entertainment portal and a natural fit for our gaming software. We are proud to be associated with
lasvegas.com.” states Darold H. Parken, President of Chartwell Technology Inc.

 
    “Including a suite of casino-style games on lasvegas.com has been a giant step in making ours the most comprehensive Web site on and about this exciting city,” said Jack Harpster, executive director of Donrey Media Interactive, parent company of the Internet portal site.
 

“We partnered with Chartwell Technology to provide our virtual casino because they’re the very best in the business,” he said.  

The “Play for Fun” Market:

    Jupiter Communication estimates that more than 3.7 million consumers in the United States are playing games over the Internet, generating revenues of approximately US$81 million in 1998, and projects that 26.8 million consumers will generate US$1.1 billion in game playing revenues in 2002.

    Advertising alone in the form of sponsorships, banners and interstitials are expected to become an important revenue stream for online game sites, generating US$464 million, or 43% of total play for fun online games revenue by 2002.

    About lasvegas.com, “One City, One Site”, lasvegas.com is a hospitality and entertainment portal that provides the most comprehensive online content for the city of Las Vegas. From planning a vacation to reading the latest news, this portal presently experiences 15-18 million page views per month.  LasVegas.com is an AOL Premiere Partner in southern Nevada. 

    Donrey Media Interactive is a division of the Donrey Media Group, which also owns the Las Vegas Review-Journal, the largest newspaper in the state of Nevada.

    Chartwell Technology Inc. specializes in the development of leading edge games and entertainment content for interactive websites and virtual communities. Chartwell’s Java based software products and games are designed for deployment in gaming, entertainment,
advertising and promotional applications.  Chartwell’s team of 40 highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.

 

Chartwell invites you to preview and play our games at: www.chartwelltechnology.com and to visit www.lasvegas.com.

For further information, please contact:
Chartwell Technology Inc.
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 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


 

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