LAS VEGAS, Aug. 20, 2007 (PRIME NEWSWIRE) -- Chimera Technology Corp. ("Chimera") (Pink Sheets:CNOC) (http://www.chimeratechnology.com) is pleased to confirm that the company has completed agreements with Pegasus Gaming Corp., whereby "Pegasus" will take over all software assets and operations of Chimera, in a seamless transaction to licensees, commencing September 1, 2007. As consideration for "Pegasus" to assume all existing and ongoing liabilities for licensees, "Chimera" will return to "Pegasus" all "Pegasus" common shares acquired by "Chimera" in 2005 for the purchase of an exclusive licensing agreement for the Chimera 2 platform and applications. As consideration for the acquisition of the Chimera 2 technology and applications, "Pegasus" will issue Fifteen Million common restricted shares of "Pegasus" to "Chimera" which shares will be transferred to a new wholly owned by Chimera Nevada corporation, to be held on behalf of "Chimera" shareholders and to be available as a special dividend for disbursement to "Chimera" shareholders of record as of June 30, 2007, on a pro rata disbursement basis. "Chimera Holding Corp." will, in conjunction with the "Pegasus" transfer agent, distribute these shares to shareholders on their request. Further details of this distribution will be available shortly on www.chimeratechnology.com web site. Effective on August 21, 2007, "Chimera" will undergo a name change to "Oriens Travel and Hotel Management Corp.," and the common stock will be consolidated on a non mandatory exchange, on the basis of One new share for each Two Hundred old shares. A new CUSIP # and new trading symbol will be issued accordingly.
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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.