Chartwell Technology Inc.: UK Gambling Commission Issues Gambling Software Licenses

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Thu Jun 19, 2008 6:45am EDT

  CALGARY, ALBERTA, Jun 19 (MARKET WIRE) -- 
Editors Note: A photo is included with this press release.

    Chartwell Technology Inc. (TSX: CWH) has received both its Remote and
Non-Remote Operating Licenses from the UK Gambling Commission. Under the
terms of these licenses, Chartwell is authorized to manufacture, supply,
install or adapt gambling software in accordance with the UK Gambling Act
2005: consistent with Chartwell's unique business model of acting as a
technical partner to some of the world's highest regarded online gaming
brands.

    Chartwell's gaming system is undergoing a thorough certification process
by the UK regulatory authority which meets or exceeds gaming regulation
standards anywhere in the world. This process includes both corporate and
software certification to ensure maximum security, reporting and
responsible gaming functionality. In addition to the Operating Licenses,
each of the senior executives at Chartwell has received Personal
Management Licenses from the UK Gambling Commission.

    Quotes

    "Receiving these licenses from the UK Gambling Commission confirms our
dedication to achieving the highest level of probity in the online gaming
industry," comments Darold H. Parken, President and CEO of Chartwell. "By
remaining development-focused, committed to fair and responsible gaming
systems and to corporate transparency, Chartwell is at the forefront of
the evolving online gaming regulatory environment."

    Interviews can be arranged by contacted David Bajwa at 877.669.4180 (toll
free) or 604.669.4180 (local or international).

    View Chartwell Financial Statements

    View Chartwell Gaming Systems

    View Chartwell News Releases

    Request Chartwell Corporate Information

    About Chartwell

    Chartwell specializes in the development of leading-edge gaming
applications and entertainment content for the Internet 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
on-line 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.

    Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Certain statements contained herein may constitute
forward-looking statements. These statements relate to future events or
our future performance. All statements other than statements of
historical fact may be forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words such
as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. We believe that the
expectations reflected in the forward-looking statements are reasonable
based upon management's current views but no assurance can be given that
these expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon. These statements speak only
as of the date hereof. We do not intend, and do not assume any
obligation, to update conclusions, forecasts or projections that may be
contained in these forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law. No
assurance can be given that actual results, performance or achievement
expressed in, or implied by these forward-looking statements will occur,
or if they do, that any benefits may be derived from them. Past results
and information provided by third party sources considered to be accurate
have been applied in drawing a conclusion or making a forecast or
projection set out in the forward-looking information.

    Our actual results could differ materially from those anticipated in
these forward-looking statements as a result of factors that may include,
but are not limited to: the impact of government regulation and laws
affecting international operations, the impact of price competition, loss
of business or credit risks associated with current and prospective major
customers, general industry and market conditions and growth rates,
currency rate fluctuations, the impact of consolidations in the online
gaming industry and other risks detailed from time to time in Chartwell's
Annual Information Form and Management's Discussion and Analysis, both of
which may be found at www.sedar.com.


 
 The TSX does not accept
responsibility for the adequacy or accuracy of this release.

Contacts:
Chartwell Technology Inc.
David Bajwa
(604) 669-4180 or Toll Free: 1-877-669-4180
Email: info@chartwelltechnology.com
Website: www.chartwelltechnology.com

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