Chimera Financial Statements Show Strong Results.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Chimera Technology Corp. ("Chimera") (Pink Sheets:CNOC CNOC Cartoon Network Orbit Ctoons (website) CNOC Commission on Nomenclature of Organic Chemistry CNOC China National Oil Corporation CNOC Commander, Naval Oceanography Command CNOC Chief Nursing Officers Council ) (http://www.ChimeraTechnology.com), a developer/licensor/turnkey solution provider of online and wireless gaming platforms, is pleased to announce strong financial results for 2005. The management prepared unaudited financial statement can be found on the Chimera website by following the link below: http://www.chimeratechnology.com/sec.htm Chimera President Ken Chua stated, "This is a very significant milestone for Chimera and I am very proud of the efforts that have been put forward by our staff in 2004 and 2005. Financial results clearly indicate that we are no longer to be considered as a development stage company and in 2006 we look forward to the transition into a fully operational corporation. Our business revenue model of charging an initial set up fee, with subsequent profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of arrangement with each of the licensees on their net revenue, will undoubtedly boost Chimera's revenue streams in the upcoming period as more licensees commence operations in 2006." Chua went on to say, "We have yet to find a competitor in the i-Gaming industry, which offers a licensee 5 different gaming platforms under one environment. These platforms include Sports Wagering wa·ger n. 1. a. An agreement under which each bettor pledges a certain amount to the other depending on the outcome of an unsettled matter. b. A matter bet on; a gamble. 2. , full Casino Game Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are available in online casinos, where permitted by law. suite, Horse Wagering, Mobile/Cell Phone casino solution and the ever notorious Poker room network. In 2006, we have budgeted more resources for licensee acquisitions which should firmly place Chimera in the i-Gaming arena as 'Your One Stop i-Gaming Solution Shop.' As announced, we will further promote our platforms through firstly a February convention in Asia and other upcoming Conventions throughout the world. With $1.3 Million gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. revenue under our belt for 2005, we expect to increase sales to $2 million for 2006, which my management team believe, is a very achievable target. With our fixed cost of sales decreasing as a percentage of operating cost we expect a stronger bottom line return accordingly. We will continue to work diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to earn the trust and respect from our shareholders and licensees, and anticipate a very good year in 2006." To obtain further information on Chimera Technology Corp., please visit Internet Web site http://www.chimeratechnology.com. The above statements in regard to Chimera, which are not purely historical, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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