CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

January 17, 2011 08:50 ET

Chartwell Starts 2011 With an All-Slots Product Release Including Ground Breaking New Features

CALGARY, ALBERTA--(Marketwire - Jan. 17, 2011) - Chartwell Technology Inc. (TSX:CWH) and its subsidiary, Chartwell Games (International) Ltd. ("Chartwell"), a leading provider of games, gaming systems and platform for the regulated online casino gaming industry is excited to announce that our latest product release is now available.

As a follow up to our comprehensive and well-received 2010 series of releases, this product release – comprised of Chartwell's own proprietary games and one hand-picked third party title –includes four exciting new slots and ground-breaking new features. 

Chartwell's one-of-a kind Bars and Bells™ not only features favourite reel symbols from classic slot games, it also has the groundbreaking Streak Breaker™ feature. With the optional Streak Breaker™ bet, players bet and win every time they have five consecutive zero spins; thereby maintaining a positive experience during game play. It's unique within the industry and has been extremely well-received in player focus group studies.

In the atmospheric Draco's Fire™ slot, players take on a medieval dragon in the exciting free spin bonus, which features stacked holding wilds.

Sinful Spins™ introduces players to "Lola", the she-devil gatekeeper of the exciting player-controlled bonus feature. Great sound design is a big component of this slot and the music accentuates Lola's character within the game.

Rounding out the games in this release is the hand-picked third party slot, Angel's Touch™. "Bettie", the angel, pays homage to the classic 40's pinup girl and features an engaging and interactive pick-a-prize bonus round.

Equally newsworthy, this product release is the launch pad for Chartwell's new Rapid Game Deployment architecture, which will allow clients to deploy Chartwell online casino games as soon as they are made available – with no downtime.

Chartwell's powerful back office solution has also been redesigned. CyberBoss 5 includes a new user interface, enhanced usability, improved speed of reporting and a modular deployment model. CyberBoss 5 delivers a high degree of flexibility and control over the operation and promotion of operators' sites. 

"We are extremely excited to start 2011 with such a strong release of exciting and innovative slot games," states Dan Phillips, CEO, Chartwell Games (International) Ltd. "Combined with our new Rapid Games Deployment and our new CyberBoss 5 back office system, this product release is another example of our continued commitment to excellence in online casino. It is a terrific pre-cursor to this year's product road map. 2011 will be an exciting year for Chartwell."

To learn more about Chartwell's latest product release, visit our new booth (#5270) at ICE January 25 – 27, 2011 or visit our new website at www.chartwellgames.com.

About Chartwell

Chartwell specializes 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.

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 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.

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: actual implementation or delays in the implementation of our products by our customers, delays in development, the impact of government regulation, licensing 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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