CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

May 07, 2009 08:45 ET

Chartwell Renews Gala Coral

CALGARY, ALBERTA--(Marketwire - May 7, 2009) - Chartwell Technology Inc. (TSX:CWH) ("Chartwell"), a leading provider of gaming software systems to the remote gaming industry announces the license renewal for Gala Coral Group. This renewal marks the fourth consecutive term for Chartwell's flash based casino and soft gaming products and continues our relationship with a long standing client through to 2012.

Active in over 100 countries Gala Coral Group operates over 1,600 licensed bet-shops, over 150 bingo clubs and 27 casinos. The Group is the only UK operator to offer a full range of online and offline gambling opportunities within the UK and is the first to receive full GamCare accreditation across all its UK divisions. Employing over 19,000 individuals and providing gaming products in 18 different languages, the Gala Coral brand is one of the best recognised and trusted gaming brands in Europe.

"Consistency in the portfolio is important to our client base, as is innovative new content. Chartwell's core product and development roadmap offers both of these, and we look forward to working with them over the next three years," stated Daniel Phillips, Gaming Director for the 'Remote Gambling Division' of Gala Coral Group.

"This is another vote of confidence for us from a long standing client", states Dave Acorn, COO of Chartwell Technology Inc. "We have been working with Coral and Eurobet for seven years now and have valued our working relationship with them as a technology partner, providing state of art flash based casino and soft games for their customers. This renewal confirms our level of service and support and we are pleased to continue our partnership for another three years."

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 is an industry leader in servicing the legal and regulated gaming markets worldwide. Chartwell is a licensed and certified software provider in every major online gaming market.

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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