CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

March 24, 2010 10:36 ET

Chartwell Product Release: Industry's Most Comprehensive of the Year

CALGARY, ALBERTA--(Marketwire - March 24, 2010) - Chartwell Technology Inc. ("Chartwell" or the "Company") (TSX:CWH), a leading provider of games, gaming systems and platform for the regulated online and remote gaming industry announces the launch of its Q2 product release, making this one of the most comprehensive releases in the industry for 2010.

Chartwell's renewed focus on its casino product is bearing fruit as the Company launches the broadest mix of products and features the online casino industry has seen this year. Available for Chartwell clients in April, the new release includes an impressive list of nine new games including five slots, one branded table game, linked progressives, a local progressive and two multiplayer table games.

The five slot games in this release come from diverse sources, illustrating Chartwell's position of taking the best in class from the gaming world and adding it to our own proprietary development. Slot content included in this release are Chartwell's four-level mystery progressive slot "Agent Max Cash™" as well as three proven slot titles from Astra Games Limited, a member of the Novomatic Group of Companies, and a 100-line offering from Ash Gaming.

In addition are two unique progressive slot products. "Jackpotopolis™", which is a player driven take on linked progressives, offering two slot jackpots targeted at two different player segments, and an industry-first multi-currency local progressive jackpot which allows Chartwell's clients to configure their own games and jackpots including the ability to combine multiple currencies in the same jackpot.

To complete this release Chartwell has added three new table games. This includes the industry's first Flash-based multiplayer blackjack and multiplayer baccarat games, and leveraging another third party relationship to compliment our offering of table games, with "Texas Hold 'em Bonus™".

"This is not only Chartwell's largest release in terms of total number of games in two years, it is also the most comprehensive release the industry has seen this year", said Dan Phillips, Chief Executive Officer of Chartwell Games (International) Ltd. "Chartwell's focus on innovation delivered through regular quarterly software releases allows Chartwell licensees the ability to attract, retain and expand their player bases as well as drive new revenues through the introduction of new gaming product".

About Chartwell

Chartwell specialises in the development of leading-edge games, gaming systems, and platform for the regulated online casino gaming industry. Chartwell is certified or licensed to offer a range of services in all of the leading regulated online gaming markets. Chartwell is not a gaming operator; our clients own their brands and databases entirely and exclusively. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its market edge through continuous development and unparalleled customer support.

Chartwell invites you to preview our company and gaming applications at www.chartwelltechnology.com

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. 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.

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