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Chartwell Technology Inc.

11:42 AM EST - Chartwell Technology Inc. : reported net loss for the third quarter of $900,000 or $0.05 per share, compared to a net income of $600,000 or $0.03 per share in the prior year. Revenue for the quarter was $3.8 million, down from $6.1 million in the previous-year quarter. The company specified that the decrease in revenue was a result of the expiry of two single term software licenses referred to in prior releases and a weakened economy in its key markets. Chartwell Technology Inc. shares T.CWH are trading down $0.04 at $1.36.