CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

July 07, 2005 09:15 ET

Chartwell Signs Interwetten Gaming LTD

CALGARY, ALBERTA--(CCNMatthews - July 7, 2005) - Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry is pleased to announce that it has been selected by Interwetten Gaming LTD. to provide its flash based casino and soft gaming products to compliment their online sportsbook. The term of the agreement is for five years and calls for the initial launch of casino and soft games and provides for the roll out of additional gaming products as the site develops.

Founded in Vienna, Austria in 1990 Interwetten is known as an industry innovator and one of Europe's largest and most successful bookmakers. In 1997, Interwetten became one of the first operators to offer betting on the internet. Interwetten.com offers over 150,000 betting offers covering more than 15,000 sporting events annually. In 2004 their betting turnover surpassed 170 million euros on 6.3 million individual transactions. In 2005, to expand its online presence, Interwetten Gaming LTD located its office to Malta where it is able to benefit from the legal framework and infrastructure of this European Union Member State.

"We are delighted to have been selected to provide our gaming system for Interwetten's launch into online gaming", states Darold Parken, President and CEO, Chartwell Technology. "Interwetten's legal framework in Malta, strongly positions itself to access the European marketplace, thus continuing our strategy for Chartwell to gain additional market share in new key markets as regulation continues in Europe following the Gaming Act that has been passed in the United Kingdom".

"Interwetten has spent considerable time evaluating various software solutions that are available from a wide range of suppliers" states Hartwig Zimmerl, Managing Director Interwetten Gaming LTD. "It was critical that our provider not only offer a variety of games and backend toolset functionality but also offer multiple delivery platforms and the ability to accelerate product development to meet our growth objectives". "Chartwell was best suited to partner with our organization".

About Chartwell

Chartwell Technology Inc. specializes in the development of leading-edge gaming applications and entertainment content for the Internet and wireless platforms 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.

About Interwetten Gaming Ltd.

Interwetten Gaming LTD. was established to take advantage of the incredible growth in the gaming industry. Our core management team of seasoned professionals along with a diverse member of staff solidifies Interwetten's Gaming position as a truly international operator in the online gaming space. In this competitive environment of online gaming, our business model is focused on the customer and in delivering quality entertainment along with superlative service.

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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products, regulation of the online gaming industry, and other risks detailed from time to time in Chartwell's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.

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

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