|Calgary, Canada, September 8, 2003, Chartwell Technology Inc. (TSX-VEN: CWH) 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 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 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 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 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 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
For further information, please contact:
David Bajwa, Investor Relations
(877) 699-4180 or (604) 669-4180