CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

May 19, 2010 09:00 ET

Chartwell Technology Inc.: Canadian Software Pioneer Achieves eCOGRA Accreditation

CALGARY, ALBERTA--(Marketwire - May 19, 2010) - Chartwell Technology Inc. ("Chartwell" or the "Company") (TSX:CWH), a leading provider of games, gaming systems and platform for the regulated online casino gaming industry, announces that it has successfully passed the rigorous requirements to obtain the eCOGRA Certified Software seal.

Chartwell's Flash-based software powers many respected online casinos operated by industry leaders such as Betfair, bwin Interactive, Victor Chandler, Gala Coral, Stan James, Casinos Austria International, and Gaming VC's Betaland, and the Company holds licenses from several top iGaming jurisdictions.

Clinton Begin, Vice President of Software Development at Chartwell, comments "The decision to seek eCOGRA certification was motivated by the Company's commitment to ensure that its product meets respected and practical standards that have achieved international recognition. This was a good test of all our development, business and control systems, and I believe we benefited from the full professional assessment and recommendations made by the eCOGRA compliance auditor on his inspection visit to our Calgary facility,"

eCOGRA Compliance Manager Shaun McCallaghan carried out the on-site inspection and assessment, observing that the Chartwell facilities had been well organised.

"The Chartwell technical team was completely cooperative and well prepared, with all documentation and systems ready for compliance testing," he reported to eCOGRA's independent directors responsible for awarding the seals. "The Company met all requirements over several days of testing."

eCOGRA chief executive Andrew Beveridge congratulated the management and staff at Chartwell and said that accreditation was only achieved following a rigorous inspection regime which encompassed every aspect of the Company's software development activities, and was followed by sustained monitoring and annual reviews.

About eCOGRA.

eCOGRA (www.ecogra.org) is a non-profit London-based organisation that sets online gambling standards and provides an international framework for best operational and player protection practice requirements, with particular emphasis on fair and responsible gambling.

The Certified Software Seal is awarded to software suppliers which are able to demonstrate compliance with the applicable eGAP Standards. These software supplier standards focus on the internal controls governing the developmental environment. The controls ensure the software is implemented, maintained and continuously operated in a safe, secure and reliable manner, and in accordance with best practice. 

Operators who satisfy eCOGRA standards for player protection, fair and responsible gambling and business efficiency can apply for the organisation's Safe and Fair operational seal, again through a rigorous inspection and assessment process to test compliance with specific detailed standards.

eCOGRA seals are enforced through inspections and reviews, and are subjected to monitoring. Accreditation is open to all software companies and their operators. The Safe and Fair seal, indicates to players everywhere that all operational systems and games are fair and continuously monitored to consistently high standards.

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 own 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. 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 relating to the receipt of the eCOGRA certification will occur, or if they do, that any benefits may be derived from them. 

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

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