LAS VEGAS, Oct. 20, 2003, (PRIMEZONE) -- Chimera Technology Corp. (Pink Sheets:CMRD), an innovative Internet Gaming Software Provider/Licensor & e-Commerce services company announced today it has completed the preparation for its financial statement subsequently ready to file the audited financial statement along with the Form 10 with the regulatory bodies to advance its trading status from Pink Sheets to the OTC-BB platform.
Further to the statement released on July 15, 2003 which stated that Chimera was initiating the process of filing its Form 10 to advance its trading status from Pink Sheets to the OTC-BB platform, we are glad to report that we have completed our audited financial statement and ready to file with regulatory, our Form 10, which upon approved, will allow Chimera to trade on the OTC-BB platform.
"We are extremely excited with the completion of our audited financial statement because we have been working extremely hard at all aspects of developing this company to increase our shareholders' value," stated Mr. Ken Chua, President/CEO of the company. "This marks our solid commitment to the company to develop ourselves into a world class Internet online gambling software provider/licensor," added Mr. Chua.
Chimera Technology Corp. is a public company quoted on the Over The Counter - 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 in 2002 and projected to be over $10 Billion by 2004 according 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 $6 Billion U.S. 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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