CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

October 21, 2008 18:24 ET

Chartwell Appoints Chief Operating Officer and VP, Software Development

CALGARY, ALBERTA--(Marketwire - Oct. 21, 2008) - Chartwell Technology Inc. (TSX:CWH) ("Chartwell"), a leading provider of gaming software systems to the remote gaming industry is pleased to announce the appointment of Mr. Dave Acorn as Chief Operating Officer. In his new role, Mr. Acorn will oversee all of the operational aspects of Chartwell's broad product design, development and deployment as well as Chartwell's expanding client services capabilities.

Mr. Acorn has been with Chartwell since 1999 with increasing areas of responsibility from product design to VP, Product and Client Management and most recently, VP, Software Development. He received his Honours diploma in Internet Object Oriented Software Engineering from the Southern Alberta Institute of Technology. Mr. Acorn has an extensive background in Internet and e-commerce development and design and a very broad base of experience in the online gaming industry.

Appointment of Vice President, Software Development

Chartwell is also pleased to announce the appointment of Mr. Clinton Begin as Vice President, Software Development. Mr. Begin will assume responsibility for providing technical vision, leadership, management and long-term direction for all aspects of Chartwell's software development.

Mr. Begin has built a presence in both the enterprise and open source communities. Having consulted as a Senior Developer and Agile Mentor for industry greats such as ThoughtWorks, Microsoft and Stanford University, his experiences have spanned a broad range of business and technical domains. Mr. Begin has applied agile methodologies, open source software, Java, .NET and Ruby to the development of large-scale applications and is an experienced author, speaker, and has delivered formal presentations and training from San Francisco to New York City.

"The Chief Operating Officer position is new for Chartwell and reflects our intention to accelerate and expand our product offering and our client services capabilities", states Darold H. Parken, President and CEO of Chartwell. "Dave has developed a uniquely comprehensive online gaming expertise and will be a key driver of our focus on delivery. We are also very fortunate to have attracted Clinton Begin to assume the leadership of our world-class development team. The depth of Clinton's technical knowledge and his dynamic management style will provide a springboard for our aggressive plans for expansion."

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.

Chartwell invites you to preview our company and gaming applications 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. 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.

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