LAS VEGAS, July 15, 2003 (PRIMEZONE) -- Chimera Technology Corp. (Pink Sheets:CMRD), an innovative Internet Gaming Software Provider/Licensor & e-Commerce services company, announced today it has emerged from its corporate capital re-organization and has commenced trading under the new symbol: CMRD on the Nasdaq Pink Sheets Exchange. Chimera is also glad to report that it has initiated on the 10SB filing, which will allow it to trade on the OTC-BB Exchange, upon approval.
Chimera has attracted several sources of funding from both private and institutional entities since it has recently emerged from its corporate capital re-organization. Since Chimera's focus, which is to become one of the leading Internet Gaming Software Providers and e-Commerce services in the industry, has not changed, it is necessary to present a properly structured company to the finance community to attract these sources of funding.
At the same time, Chimera has also initiated its filing procedures for 10SB with the Securities Exchange Commission of the United States, which upon approved, to trade on the OTC-BB Exchange.
Ken Chua, President/CEO of the company stated, ``We are extremely pleased toward the initiation of our 10SB filing with SEC. Since we are here for the long haul to build this exciting business platform, we certainly hope that one day, we will be able to trade on the same exchange where Microsoft (Nasdaq:MSFT), Cryptologic (Nasdaq:CRYP) as well as many others, are trading."
About Chimera Technology Corp.
Chimera Technology Corp. is a public company quoted on the OTC-Pink Sheets under the symbol CMRD, and is a Nevada-based I-gaming software and e-Commerce services company competing in the over $6 billion annual online gaming marketplace. The Company is an international developer, licensor, and provider of online gaming products, including online Bingo, casino, sportsbook, and pari-mutuel betting. Chimera Technology Corp. has successfully developed a supreme multi-players online Internet Bingo technology, a second generation world class pari-mutuel Sports Books wagering platform, a full line of online Internet casino games suite as well as a state of the art "BIRDS EYE" Management System, a complete back office management system that operate the entire e-Commerce transactions, gaming websites, accounting system and licensees' management/reporting platform that is second to none, which will give Chimera an opportunity to establish a leadership position in this enormous market. Annual online gaming revenues worldwide exceed $US 6 Billions, yet there are very few software providers.
724Bingo.com, a subsidiary of the Company, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. X-Generation Technology Corp., a joint venture partner of Chimera, develops gaming software and web pages for 724bingo's licensees.
To obtain further info on Chimera Technology Corp. please visit Internet websites: http://www.chimeratechnology.com, http://www.724Bingo.com
The above statements in regard to Chimera, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Chimera beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and Marketplace changes.
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