Chartwell Announces Receipt of Alderney Certificate of Prior Approval.Business Editors/High-Tech Writers CALGARY, Alberta--(BUSINESS WIRE)--Sept. 8, 2003 Chartwell Technology Chartwell Technology is gaming software developer focused largely on the online bingo market. The company is based in Calgary, Vancouver, and is publicly traded on the Toronto Stock Exchange under the ticker symbol "CWH". Inc. (TSX-VEN: CWH CWH Coastal Western Hemlock (botany) CWH Cup With Handle (stock market watchlist) CWH Computer World Hosting CWH Complementary Walsh-Hadamard (coding scheme) ) a leading provider of gaming software systems and entertainment content to the online and remote gaming industry, announces that the Alderney Gambling Control Commission has issued Chartwell a Certificate of Prior Approval. The Certificate of Prior Approval reflects the licensing jurisdiction's satisfaction with the results of a very extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. enquiry into Chartwell's business structure and its officers and directors. "The Certificate of Prior Approval now provides Chartwell with the ability to confidently enter into negotiations with major gaming operators that seek the reputability and protection of the tightly controlled regulatory environment afforded by Alderney," states Darold H. Parken, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chartwell. Mr. Parken adds, "We are experiencing significantly higher levels of interest, particularly in the European region, from brand name gaming operators and being able to provide them with this sort of complete corporate certification further enhances our position as their leading choice of software supplier." Alderney is one of only a few jurisdictions that have created a framework for the licensing and regulation of interactive gaming. The Alderney Gambling Control Commission was established in May 2000. The Commission is independent and non-political and regulates gambling on behalf of the States of Alderney The States of Alderney (French: États d'Aurigny) is the parliament/council and legislature of Alderney in the Bailiwick of Guernsey. It sends two representatives to the States of Guernsey as well. . The mandate of the Commission is to provide a regulatory environment that meets the highest standards and thereby both protects the reputation of Alderney and attracts world-class operations. "For the gaming industry to fully develop, we believe that the playing public must have confidence not only in the gaming products themselves but also in the existence of a fair and responsible gaming environment. That confidence is created through a combination of reputable software suppliers, gaming operators and a high degree of player protection and gaming standards enforced by recognizable and creditable cred·it·a·ble adj. 1. Deserving of often limited praise or commendation: The student made a creditable effort on the essay. 2. Worthy of belief: a creditable story. authorities. Chartwell's plans for continued success and growth within the industry are based upon our ability to offer our wide range of gaming products and platforms within highly regulated jurisdictions such as Alderney," adds Mr. Parken. Chartwell Technology Inc. specializes in the development of leading edge gaming applications and entertainment content for the Internet, wireless and other remote access devices. Chartwell's Java and Flash based Refers to devices that use flash memory for storage such as digital music players and digital cameras. Contrast with disk based. See flash memory and USB drive. software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the online gaming See 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 our company at: www.chartwelltechnology.com and demo our games at www.playerselectcasino.com, www.playerselectpoker.com, www.playerselectbingo.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
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