Chartwell Announces Release of Wireless Gaming Suite.Business Editors/High-Tech Writers CALGARY, Alberta--(BUSINESS WIRE)--Oct. 22, 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 TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: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 systems and entertainment content to the online gaming industry, is pleased to announce commercial release of V1.0 of its Wireless Gaming Suite for Java-enabled mobile phones. The Chartwell Wireless Gaming Suite offers rich animated graphics that are customizable to a licensee's brand and design preferences. The wireless suite, like other Chartwell Gaming Products, can be fully integrated with an operator's existing gaming systems, banking and player databases. The initial five games comprising the wireless suite include, baccarat baccarat (bä`kərä', băk`–, Fr. bäkärä`), French card game formerly widely played in European casinos but now supplanted in popularity by chemin de fer. , multi-hand blackjack blackjack, one of the world's most widely played gambling card games; also known as twenty-one or vingt-et-un. Despite contesting claims between the French and Italians, its origins are unknown. , casino war, slots and video poker. The Chartwell Wireless Gaming Suite uses the same secure and full-featured back office system provided with the industry leading Chartwell Gaming System and can be used in either Fun Play or Real Play modes. "We are extremely pleased with our development progress and the results of our beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the program over multiple networks and handset manufacturers," states Darold H. Parken, Chartwell's 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. . "We will soon be going live with our first wireless licensees who will be able to offer their existing player base a unique platform on which to play our industry leading gaming products. Our mobile development pipeline contains many new games and player features that will quickly extend our lead in this exciting new gaming market." Chartwell's Wireless Gaming Suite capitalizes on the growing trend amongst mobile manufacturers to Java-enable new mobile phones. By the end of 2003 it is expected there will be over 70 million Java-enabled handsets in use, and over 200 million by 2006 according to the wireless research consultancy Wireless World Forum. About Chartwell 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 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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