04.07.2006
CHARTWELL ANNOUNCES HIRING OF NEW CHIEF OPERATING AND FINANCIAL OFFICER
Calgary, Canada, July 04, 2006, Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry, announced today that Mr. Don Gleason, the Corporation's Vice President, Operations and Chief Financial Officer has resigned effective immediately and that Mr. Dale Kearns will be joining the Corporation in the capacity of Chief Operating and Financial Officer (COO/CFO). Mr. Kearns is expected to start at Chartwell prior to the end of August. Mr. Gleason has resigned to pursue other business interests; however, he will be staying on with Chartwell in a consulting capacity to assist during the transition period.
For nearly two decades Mr. Kearns has been involved with international businesses, assisted in raising equity capital for various projects and has spearheaded mergers and acquisitions. Mr. Kearns is an experienced senior executive with solid public company experience as Chief Financial Officer, in the technology and real estate sectors. As well, Mr. Kearns has experience in holding company and operating company environments. Mr. Kearns is a Certified Management Accountant and is a member of the Society of Management Accountants, the Financial Executives Institute and the Calgary Chamber of Commerce. Most recently, Mr. Kearns was the Chief Financial Officer of Zi Corporation, a Nasdaq and TSX listed technology company. He has also previously been the Chief Financial Officer of O & Y Properties Corporation, a TSX listed real estate company.
Mr. Darold Parken, the President and Chief Executive Officer of Chartwell stated, "We are particularly pleased that someone of Mr. Kearns' calibre and experience has chosen to join us. Mr. Kearns' skill set and prior public company experience in the technology sector will be a valuable asset to Chartwell in achieving its business objectives and continuing its growth. I would also like to take this opportunity to sincerely thank Mr. Gleason for his numerous and significant contributions during his tenure at Chartwell during which our growth rate exceeded the industry average. He played an integral part at a key stage in the Corporation's development and we wish him the very best in his future endeavours."
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