Press Releases
Chartwell Technology to Launch New Online Bingo Network Powered by Parlay Software
LONDON, UK — June 3, 2008
Parlay Entertainment Inc. (TSXV: PEI) and Chartwell Technology Inc. (TSX: CWH) are pleased to jointly announce their intention to launch an online bingo network, powered by an Internet platform that combines Parlay's front-end bingo product with Chartwell's back-end administration system. Both Parlay and Chartwell will also contribute a variety of slots and other soft games to the platform. The European-facing network will be based in Malta and managed by Chartwell.
Scott White, President and CEO of Parlay Entertainment, said: "This is a huge win for licensees and bingo players alike. By combining the strengths of Parlay's industry-leading bingo games with Chartwell's advanced administration system and network operations expertise, we're creating a very compelling bingo network solution. Player excitement will grow exponentially as bingo sites pool their liquidity to create bigger games, huge jackpots and lively communities."
Darold H. Parken, President and CEO of Chartwell, said: "The respective strengths of Chartwell and Parlay are a perfect fit, so it's natural for us to work together to build a new European bingo network. Online bingo continues to reach new heights in the UK and Europe, and we're excited to become serious players in the bingo business under our relationship with Parlay and the Bingo Nexus brand."
"We are committed to the bingo industry and we see this initiative with Chartwell as a vehicle for further expansion of online bingo into entirely new market segments," added Mr. White. Parlay has also recently announced a two-year platinum sponsorship deal with Bullet Business to sponsor the Online Bingo Summit in London on 17-18 June where they will showcase their latest generation of software, Parlay 5.
Parlay have now completed over 50 direct license deals. More players in more countries play Internet bingo using Parlay software than any other supplier or operator.
About Parlay Entertainment
Parlay Entertainment Inc. is the world's leading developer and dominant licensor of Internet bingo solutions. As the inventor and holder of Internet bingo patents¹, Parlay was the first company in the world to develop and deploy a commercial Internet bingo product. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Our multi-player, multi-platform technology powers more online bingo sites than any other software provider in the world. Some of the world's best-known brands use Parlay Bingo solutions, including Virgin, Yahoo!, Paddy Power, Bet24, NetPlay TV, Bingos.com and the St. Minver bingo network. Parlay's head offices are in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.
About Chartwell Technology
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 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.
Contact:
Steve Cook
Parlay Entertainment Inc.
European Managing Director
+44 (0) 1932 847597
Aideen Shortt
Chartwell Technology
VP Sales and Marketing
ashortt@chartwellgames.com
For more information on Parlay solutions and services, please visit our Web site at www.parlaygroup.com.
This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.
¹ United States Patent No. 6,585,590, Canadian Patents No. 2,340,152 and 2,618,843, with other Patent applications pending in other countries.
© 2010 by Parlay Entertainment Inc.