Chimera President Interviewed by Wall Street Reporter.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) President Ken Chua was recently interviewed by the Wall Street Reporter and the interview may be heard by logging on to www.wallstreetreporter.com and following the appropriate link under the right flank of the Web portal See portal. , or click on the following link: http://www.wallstreetreporter.com/profiles/ChimeraTechnology.html. In an update on company events, Chua reports as follows: With the company-audited financials for the period ending Dec. 31, 2003, being filed earlier this year, the company will enter into the next phase of the business plan, whereby in 2005 all company filings will be completed so that the company can, by becoming in good standing, request a sponsorship to the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB. The company will work closely with its accountants and auditors to complete financial statements for all quarters in 2004 and the year ending Dec. 31, 2004, in order that these filings may be completed in the first quarter of 2005. It is expected that company operating results will show an increased operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. in 2004 as income from license sales in 2004 and royalties will not offset operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . However, in 2005 the company business plan will be fully deployed with forecast to license up to 10 additional operators and royalty and fee income; therefore, in 2005, the company should reflect a positive cash flow. In recent events, the company was not able to finalize terms on an agreement with a Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. company, which was initially entered into, to give Chimera a presence in Asia. A new partner arrangement will be actively pursued for 2005. The recently announced engagement of X-Generation Inc., operating the new Web portal http://www.xgenerationmarketing.com to work with new licensees in establishing their branded Internet operating site and to provide marketing and operating support, appears to be working well. The newest license holder, Grade Point Average Inc. (Pink Sheets: GPTV GPTV Georgia Public Television ) who will operate as Pegasus Gaming Corp., has commenced work on its Web site and would expect that operations could commence as soon as January 2005. 724Sportsbook.com reports that its Web site has recently received a totally new face lift with ease of use being of the utmost importance, and the Web site has now been updated with the Survival Pool platform and a major marketing program will be implemented over the course of the next two to three weeks. The Survival Pool platform software has been integrated into the Chimera 1 software package and will be available to all new and existing licensees. Further, the Multi Player Poker platform is in the final stages of integration and all licensed operators will be able to offer this product before year-end. Shareholders and other interested parties can demo these products on a play-for-fun basis at www.724sportsbook.com. The annual gaming show in Las Vegas in August resulted in several interested parties requesting information on the company and the software package available to license. The existing casino Java platform Running Java programs under the Java Virtual Machine (JVM). Java "platform" refers to the running of Java programs versus Java itself, which is a programming language. Java programs are machine independent and run intact on any hardware platform that has a Java interpreter (JVM). is to be supplemented by a new Flash version and new licensees, together with existing operators, will soon be able to offer a much quicker and superior experience to online users. In other newsworthy happenings, the United Kingdom has now approved the use of Internet-based gaming operations to supplement the existing gaming operations, including licensed book-makers already operating throughout the country. A representative of Barclay's Bank was at the gaming show in Las Vegas and distributed audio-video material to exhibitors and attendees alike to demonstrate that new business in this area was being pursued. Further, the presentation indicated that gross revenue in Europe in 2003 from gaming operations was almost equal to the revenue projections that were being used by the industry to project industrywide revenues for 2003. This is a significant increase in projected industry earnings and cannot fail to again show an increase with the expanded operations in the United Kingdom. These increased opportunities in the world-wide gaming industry can only make for the Chimera Gaming suite and the premier turnkey solutions, to represent great value for operators wishing to enter the industry and who have limited resources. It is expected that this interest will strongly continue into 2005. This press release is available on the company's official online investor relations Investor relations The process by which the corporation communicates with its investors. site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the Chimera Technology Investor Discussion and Contact Forum. Alternatively, investors can e-mail AGORA Investor Relations directly at CNOC@Agoracom.com. 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 See gaming. marketplace, projected to be more than $10 billion by 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Computer Almanac almanac, originally, a calendar with notations of astronomical and other data. Almanacs have been known in simple form almost since the invention of writing, for they served to record religious feasts, seasonal changes, and the like. Industry. The company is an international developer, licensor, and provider of online gaming products, including online bingo Online bingo is the game of bingo (US|UK) played on the Internet. Online bingo is a multi billion dollar business. Unlike balls used in regular bingo halls, online bingo sites use a random number generator. , 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
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 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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