LAS VEGAS, Sept. 18, 2003 (PRIMEZONE) -- Chimera Technology Corp. (Pink Sheets:CMRD), an innovative Internet Gaming Software Provider/Licensor & e-Commerce services company, today announced it has initiated negotiation for an exclusive license for South Africa to utilize Chimera's proprietary Internet gambling software, THE CHIMERA 2 game suite.
Under the proposed terms, Chimera will supply and build a website catered to suit the South African theme along with the CHIMERA 2 game suite, for an initial licensing fee. The game suite will include a multi-players Internet Bingo gaming platform, a full line of casino games, a Sports Book wagering platform, all powered by the "BIRDS EYE" management system. Furthermore, Chimera is allowing the licensee (The Group) to sell sub-licenses under the proposed structure exclusively in South Africa.
The Group will be entitled to licensing fees from each of the sub-licenses sold in South Africa as well as monthly percentage royalties. Upon the consummation of this proposed agreement, all players logging in from the South African continent will be classified as The Group's clients.
"We are extremely excited with the initiation of this negotiation with The Group for an exclusive license catered for the South African continent," stated Mr. Ken Chua, President/CEO of the company.
"This marks another great achievement which reflects the dedication of our management team to this company. We will continue to build on this solid base toward our world launch as soon as we have completed the testing of the stability of the CHIMERA 2 game suite platform," added Mr. Chua.
Chimera Technology Corp. is a public company quoted on the OTC-Pink Sheets under the symbol CMRD, and it is a Nevada-based I-gaming software and e-Commerce services company competing in the over $6 billion annual online gaming marketplace in 2002 and projected to be over $10 Billion by 2004 according to Computer Almanac Industry.
The Company is an international developer, licensor, and provider of online gaming products, including online Bingo, casino, Sports Book, 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" 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 Billion in 2002 and projected to be over $10 Billion by 2004, yet there are very few software providers.
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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