LAS VEGAS, Feb. 11, 2003 (PRIMEZONE) -- Chimera Technology Corp. (Pink Sheets:CMRA), through its wholly owned subsidiary 724Bingo.com "724", an innovative Internet Gaming Software Provider/Licensor & e-Commerce services company, today announced it has initiated Alpha Testing on its "new" Online Internet multi-player Bingo games.
Chimera is extremely excited with the progress exhibited by its development team thus far. With the initiation of its Alpha Testing on the Bingo games on the Internet, Chimera is able to start debugging the platform, perform load testing, and evaluate the stability of the platform. Chimera is also pleased to receive reports from the development teams that they have commenced on the development on the front-end application utilizing flash & shockwave applications. A series of hi-tech graphic, user-friendly and entertaining interfaces are being developed in preparation for our upcoming world launch scheduled for this summer. The demo Internet Bingo games can be played at 724bingo game site or the following link: http://www.724bingo.com/game/game_main.htm
Ken Chua, President/CEO of the company, stated, "We are extremely pleased with the progress of our recent joint venture with X-Generation. Both of our development teams are extremely excited in working closely together to continuously hit the milestones set forth in our business plan."
Mr. Chua further added, "We ask the public to actively participate in our Alpha Testing program, which will give us the ability to debug our new Internet Bingo platform."
Chimera is also pleased to announce a live CEO's interview conducted by HotStockChat.com was broadcast over the Internet radio network. The interview covers company information as well as discussions on new product launch, the forecast and company outlook for the upcoming year. The interview can be heard via the Internet at the following link: http://www.hotstockchat.com/cmra.htm
About Chimera Technology Corp.
Chimera Technology Corp. is a Nevada-based I-gaming software and e-commerce services company competing in the over $5 billion annual online gaming marketplace. The Company is an international developer, licensor, and provider of online gaming products, including online Bingo, casino, sportsbook, and pari-mutuel betting. For more information about Chimera Technology Corp., visit the company's Web site at: http://www.chimeratechnology.com/.
724Bingo.com, a subsidiary of the Company, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. X-Generation Technology Corp., a joint venture partner of the Company develops gaming software and web pages for 724bingo's licensees.
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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