Chimera Initiates Operation Set Up for E-Network in Costa Rica.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Nov. 17, 2003

Chimera Technology Corp. ("Chimera") (Pink Sheets: CNOC) (http://www.chimeratechnology.com) today announced that E-Network de Costa Rica S.A. has initiated the operation set up in its new facility located in central San Jose, Costa Rica.

The state-of-the-art facility selected to host all Chimera's future licensees is located in the heart of San Jose with local ISPs' fiber optic lines connected to the complex as well as satellite redundancy as backup. The operation will consist of high-speed Internet connectivity via both a local Internet service provider as well as the state-of-the-art satellite system as system backup, a customer service department, a call center which can host 24 clerks and an accounting department that will service all of Chimera's licensees' customers. The rollout of this operation will take approximately 30 days to complete, at which point, the facility will be able to handle all of Chimera's future licensees' operations.

Chimera President Ken Chua stated, "The rollout of E-Networks' operation has further committed ourselves to our long-term business objective, that is to begin licensing & servicing our future licensees. With the facility projected to be in full operation mode within the next 30 days, our management team's next task is to begin a marketing campaign aimed to achieve signing of our projected eight licensees and deploying them into operations for the next four quarters."

About Chimera Technology Corp (Pink Sheets: CNOC) http://www.chimeratechnology.com

Chimera Technology Corp. is a Nevada-based I-gaming software and e-commerce services company competing in the over $6 billion annual online gaming marketplace, projected to be over $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 multi-player 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.