What does CWH mean in TORONTO STOCK EXCHANGE
CWH is an acronym for Chartwell Technology Incorporated. It was once a Canadian company listed on the Toronto Stock Exchange specializing in gaming and interactive media technology. The company has since been de-listed from the exchange due to financial difficulties it faced in later years.
CWH meaning in Toronto Stock Exchange in Business
CWH mostly used in an acronym Toronto Stock Exchange in Category Business that means Chartwell Technology Incorporated (de-listed)
Shorthand: CWH,
Full Form: Chartwell Technology Incorporated (de-listed)
For more information of "Chartwell Technology Incorporated (de-listed)", see the section below.
Background
Chartwell Technology Incorporated was founded by Yaacov Benesto in 1997 with the goal of providing integrated software and services for Internet, land-based and mobile gambling industries. Its headquarters were located in Vancouver, BC, Canada and it operated globally through branch offices scattered across various countries including Australia, England, Philippines, Sweden and USA. The company had a strong portfolio of products ranging from backend servers, middleware solutions to gaming content library for operators as well as games development tools such as its flagship game development studio - ChartwellCreate.
Operations
Chartwell Technology’s core operations encompassed systems implementation, software engineering & development, dedicated hosting & operation of servers for operators using third party software or its own proprietary software platform. Its subsidiary - Chartwell Games offered services ranging from custom game design to end-to-end project management while another division known as Chartwell Flex provided virtual sports wagering products and applications along with other content offerings like bingo which were also available through its HTML5 platform that was powered by Adobe Flash Player and Adobe Air technologies.
Financial Struggles
Unfortunately despite having wide customer base spanning multiple continents around the globe, Chartwell Technology eventually failed due to financial issues it encountered later on in its lifetime. By 2010, the company was facing short term liquidity problems due to slow payment receivables which led them down a bumpy path eventually leading towards their de-listing from the Toronto Stock Exchange shortly afterwards in 2011.
Essential Questions and Answers on Chartwell Technology Incorporated (de-listed) in "BUSINESS»TSX"
What is Chartwell Technology Incorporated?
Chartwell Technology Incorporated (CWH) was a software company founded in Canada in 1988 and was listed on the Toronto Stock Exchange. The company operated in the e-commerce, gaming and mobile application development space. It provided software solutions to content providers, wireless carriers and software developers around the world. CWH was delisted from the Toronto Stock Exchange on August 20, 2013.
When did Chartwell Technology Incorporated become de-listed?
Chartwell Technology Incorporated became de-listed from the Toronto Stock Exchange on August 20, 2013.
What business services were offered by Chartwell Technology Incorporated?
Chartwell Technology Incorporated provided software solutions to content providers, wireless carriers and software developers around the world including e-commerce, gaming and mobile application development services.
How was Chartwell Technology Incorporated doing prior to being delisted?
Prior to being delisted, Chartwell had been financially distressed for several years due to a combination of factors such as decreased demand for its products and services, difficulty accessing capital and limited success raising new funds or entering into strategic partnerships.
What caused the de-listing of Chartwell Technology Incorporated?
The de-listing of CWH from the Toronto Stock Exchange on August 20, 2013 was largely attributed to it being unable to meet conditions required for continued listing such as failing to maintain minimum shareholder equity requirements or filing its financial statements in a timely manner.
Was there any other market exchange that listed CWH securities prior to its de-listing?
Prior to its de-listing from the Toronto Stock Exchange in 2013, CWH had been listed on a number of other markets including the NASDAQ OMX Global Market (Nasdaq), Over The Counter Small Capital Markets (OTCSCM), US Pink Sheets (Pink Sheets) and Amsterdam Exchanges/ Euronext NV (Euronext). It's important to note that those exchanges had also suspended trading prior to CWH's de-listing from TSX due regulatory issues.
Can I still invest or trade in CWH securities after it has been delisted?
No, since CWH’s security has been delisted there is no longer an organised public market trading it so investment or trading activities can no longer be done through any stock exchange platform anymore.
Final Words:
Chartwell Technology Incorporated (CWH) was a once renowned Canadian software development company listed on Toronto Stock Exchange specializing in developing interactive media technology and products related to gaming industry worldwide until it succumbed under economic pressure experienced during its later years resulting in its eventual de-listing from the exchange itself in 2011.
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