BetandWin gaming group selects Chartwell Technology

Calgary, Canada 
March 19th, 2002

    Chartwell Technology Inc. (CDNX: CWH) is very pleased to announce that its wholly-owned subsidiary, Chartwell Games Corp. has been selected as the online casino software supplier to Simon Bold (Gibraltar) Ltd a wholly-owned subsidiary of Austrian based BetandWin Gaming Group (BWIN.VI).

    This agreement, which resulted in the development of the Triple A Casino, www.triple-a-casino.com, allows members the opportunity to access and enjoy the entertaining gaming experience provided by Chartwell's full casino suite of no download Java games and our soon to be released suit of instant play Flash games.

    With innovative web concepts and strong strategic partners, the BetandWin Gaming Group aims to become one of the leading international players in the online gaming industry, catering to a broad audience. With a player base of over 260,000 registered users at the end of 2001, BetandWin generated turnover of €62.3 million compared to €17.3 million  from the previous year, positioning itself as one of the fastest growing online gaming operators in Europe.

    "Our license agreement with BetandWin reflects our marketing focus on recognized gaming brands and our expansion within the European market," states Darold Parken, President and CEO of Chartwell, "We consider the European market to be a very significant contributor to both the future growth of Chartwell and the online gaming industry.  The BetandWin Gaming Group is an exciting new gaming brand within this market and we are pleased to have been chosen as their technology partner".
 

About BetandWin.com
    BetandWin Gaming Group is a public company based in Austria with its subsidiary Simon Bold (Gibraltar) Ltd. based and licensed in Gibraltar.  The company's strategic concept is based on the pillars of betting, information and entertainment.  Listed on the Vienna Stock Exchange under the symbol BWIN, BetandWin.com is using its unique Internet presence coupled with strong partnerships to become one of the world's leading online gaming companies.
 

About Chartwell Technology Inc.
    Chartwell Technology Inc. specializes in the development of leading edge gaming applications and entertainment content for the Internet and wireless platforms. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming business of its clients. Chartwell's team of 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
 
 

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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products, regulation of the online gaming industry, and other risks detailed from time to time in Chartwell's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.