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IGW Strikes Deal with GTI

The deal is valued at $3 million in gross revenues to IGW over the three-year term of the contract. It expands the potential market base for IGW's Internet & Telephony Sportsbook System, as GTI has eight licensees currently using its online casino software.

"With the combination of sportsbook and Internet casino software, we are ahead of the pack in offering an overall superior product," said Bryan Abboud, president of IGW. "Our contract has the potential to provide outstanding opportunities for sales agreements with GTI's current licensees."

IGW's Internet & Telephony Sportsbook System is designed to provide ease of use for both online gaming operators and consumers. The software also offers the highest level of security, customization options, the opportunity for oversight in accounting and reporting, as well as the ability for multi-lingual interface.

"We are excited about working together with IGW, a pioneer with a proven track record in eveloping cutting-edge sports wagering software," said Steve Latham, president of GTI.

Gateway Technology, Inc. (www.gatewaytelecom.com), a subsidiary of Chartwell Technology Inc. (Alberta Stock Exchange: CVT), is headquartered in Laguna Hills, California. Its technical engineering team has produced a complete Java-based package of casino software games called Casino Casino. It supplies both land and Internet based casino operators with online gaming solutions.

Interactive Gaming & Wagering (www.interactive-gaming.com), a subsidiary of Global Entertainment Holdings/Equities, Inc. (NASDAQ OTC BB; GAMM) is based in Willemstad, Curacao. The company developed Internet & Telephony Sportsbook System, a leading turnkey software package for online sportsbook operators.

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