Chimera Announces Launching of First Gaming Licensee.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Dec. 2, 2003

Chimera Technology Corp. ("Chimera") (Pink Sheets: CNOC) (http://www.chimeratechnology.com) today announced the preparation of launching for its first licensee, Market System Inc., ("Market") is under way. In addition, Chimera is also pleased to announce it has commenced receiving its first ever revenue into the company, from Market System Inc., signaling the company's rapid evolution from its development phase into a full-fledged sales and marketing organization capable of generating long-term and recurring licensing revenues.

Market System Inc. has selected and expected to launch the URL http://www.724sportsbook.com within the next 30 days by first utilizing Chimera's sports book wagering platform and is expected to be followed by further Chimera gaming platforms such as poker, blackjack, roulette and slots among others.

Chimera President Ken Chua stated, "The rapid progress of our business plan is undeniable. Chimera has rapidly moved from its corporate reorganization and development phase into its sales and marketing cycle in just a few short months. This is the moment shareholders and the investment community have been waiting for and we've delivered. Now that Chimera has reached this all important phase, there is nothing stopping our team from reaching its business objectives."

Market System Inc. will be hosting http://www.724sportsbook.com through Chimera's operations partner E-Network in Costa Rica. E-Network will be responsible for managing all day-to-day operations, performing e-commerce transactions, handling its state-of-the-art call center that houses both customer service and telephone betting facility and financial reporting for Market through Chimera's "BIRDS EYE" system. For the turnkey solution and the ongoing services provided for Market, Chimera will receive an ongoing loyalty fee from Market on a monthly basis which equates to a portion of Market's gross revenue, signaling Chimera's long-term recurring revenue generating platform.

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 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.

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.