WESTON, Fla., Feb. 18, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Chimera Technology Corp (OTCBB:CNOC), Diomed Holdings Inc. (AMEX:DIO), Allegheny Technologies Inc. (NYSE:ATI) and Paradigm Genetics Inc. (Nasdaq:PDGM).
Aggressive investors should be watching Chimera Technology Corp (OTCBB:CNOC) again this morning! Yesterday after the markets closed, the company issued a press release announcing the signing of its second licensee, Time Investment Corp. ("Time"), for its leading suite of online gambling products!
This could be great news for investors! Chimera President Ken Chua stated, "The whole Chimera team is extremely proud of being able to deliver accelerating news and business results to our shareholders and the investment community. With the signing of our second licensee, Chimera has morphed into a full flight sales and marketing-based company in 2004. The restructuring we went through in 2003 was extremely beneficial in bringing us to this point and providing us with nothing but clear sailing in 2004 and beyond. This is a very exciting time to be part of Chimera and an industry that is experiencing exponential growth."
Chimera's Costa Rica-based operations partner, E-Network, reports significant traffic, account registrations and wagering at http://www.724SportsBook.com in its first full weekend of operation. E-Network reports that many customers have already placed multiple bets and the complete operating system experienced no problems under load.
Keep your eyes on this company! The company also announced it has been featured as the Feature Company in this week's edition of the AOL Small Cap Centre for its outstanding achievements and announcements last week. The AOL(R) Small Cap Centre is Canada's first national media brand dedicated to reporting the news, developments and achievements of Canadian Small Cap Companies, providing more than 450,000 AOL members with only the most significant developments and stories in small cap stocks. The site attracts more than five times as much traffic as any of the 10 most visited financial Web sites in the country.
The stock closed yesterday at Thirty-Two cents a shares.
In case you are not familiar with the company, Chimera Technology Corp. is a Nevada-based I-gaming software and e-commerce services company competing in the more than $6 billion annual online gaming marketplace, projected to be more than $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 multiplayer online Internet bingo technology, a second-generation, world-class pari-mutuel sports books wagering platform and a full line of online Internet casino games suite. In addition, the company has developed its state-of-the-art "BIRDS EYE" System, a complete back-office management system that operates the entire e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform that is second to none, giving Chimera an opportunity to establish a leadership position in this enormous market.
Stocks showing interesting activity yesterday were: Diomed Holdings Inc. (AMEX:DIO) up 4.7% on 9.3 million shares traded, Allegheny Technologies In (NYSE:ATI) up 19.3% on 1.7 million shares traded and Paradigm Genetics Inc. (Nasdaq:PDGM) up 15.6% on 589,900 shares traded.
Commentary:
"Economists, analysts, and investors will be looking at the Consumer Price Index, due out this Friday, as a key inflation measure, hoping for a low number. Thursday, a key number, the Producer Price Index, will measure inflation in the manufacturing sector. All of these measured numbers help economist and analysts, and sometimes investors keep track of economic conditions that might influence markets," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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