LAS VEGAS, Sept. 14, 2004 (PRIMEZONE) -- Chimera Technology Corp. ("Chimera") (Pink Sheets:CNOC) (http://www.chimeratechnology.com), a Nevada-based I-gaming software and e-commerce services company, is pleased to report audited financial results for the year ended December 31, 2003. Chimera experienced a net loss of $85,293 with zero revenues.
Results for 2003 were benign as expected as Chimera used 2003 for reorganization and development purposes. During this period, Chimera was heavily involved in the research and development process of creating their proprietary gaming platforms in order to assemble a complete package which they could market to potential licensees. The audited financial statement can be viewed in Chimera's corporate web site under Investors and SEC Filing Section, or by clicking on the link here: http://www.chimeratechnology.com/sec_filing.html
The true results of Chimera's progress will be reflected in the subsequent quarterly financial statements. Chimera actively launched their business model in 2004 when it signed up its first licensee in January of 2004. Chimera President Ken Chua stated, "Results for 2003 reflect a period of reorganization and development. Results for 2004 will begin to reflect the exciting industry in which Chimera competes. To date, I am very satisfied with where we are and where we are going."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the "Chimera Technology" Investor Discussion and Contact Forum. Alternatively, investors can e-mail AGORA Investor Relations directly at CNOC@Agoracom.com.
About Chimera Technology Corp. (http://www.chimeratechnology.com)
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 multi-player 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.
To obtain further information on Chimera Technology Corp., please visit Internet Web sites http://www.chimeratechnology.com and 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's 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.