LAS VEGAS, Oct. 23, 2002 (PRIMEZONE) -- Chimera Technology Corp.(Pink Sheets:CMRA), a Nevada corporation, today announced it has completed the acquisition of 724Bingo.com ("724"), an Internet e-Commerce software development, and management company specializing in developing Internet online gambling software. Chimera also selected Mr. Ken Chua to assume the position of President and Chief Executive Officer effective immediately.
"724" has developed a supreme version of Internet Online Bingo and a full line of Casino software, Sports Book wagering system, and an unique "BIRDS EYE" management System that operates the entire gambling site. 724Bingo.com's competitors within the Internet gambling market include Argosy Gaming Co. (NYSE:AGY), International Game Technology Inc. (NYSE:IGT), Cryptologic Inc. (TSE:CRY), World Gaming (OTCBB:WGMGY), Bingo.com (OTCBB:BIGR), Global Entertainment (OTCBB:GGNC), Youbet.com (OTCBB:UBET), Multimedia Games (OTCBB:MGAM).
For further information, contact: Chimera Technology Corporation Telephone: +1.877.330.3322 Fax: +1.801.998.0005
To obtain further info on Chimera Technology Corp. and "724" 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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