Chimera Sets Sights on Asian Online Gambling Market with Proposed Hong Kong Office.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Feb. 24, 2004 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), in its continuing effort to rapidly deploy its online gambling Online gambling is a general term for gambling using the Internet. This article provides a brief introduction to some of the forms of online gambling, as well as discussing general issues. solutions around the world, today announced the commencement of discussions with a Hong Kong-based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a for the purposes of targeting the highly lucrative and rapidly expanding Asian online gambling market. The decision to target the Asian online gambling market is based on unequivocal company market research that includes the following: -- China is second only to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in terms of the number of Internet users and is expected to become the biggest market in the next four years, 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. a study by the Internet Society (Internet Society, Reston, VA, www.isoc.org) An international membership organization dedicated to extending and enhancing the Internet, founded in 1992. It supports Internet bodies such as the IETF and works with governments, organizations and the general public to promote Internet of China. -- According to IDC, by 2006, China will make up 53.1% of Asia's Internet users, 51.2% Internet buyers and 48.6% of e-commerce. -- Gambling and entertainment research firm Christiansen Capital Advisors estimates the number of Asian online gamblers will grow from 4 million in 2003 to 7.4 million by 2006. -- The horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with industry in Hong Kong annually generates $12 billion. In a city of 6 million, according to the 2001 book "Telling Lies and Getting Paid" by Michael Konik, 750,000 people have telephone betting accounts, and 1 million people place bets on each race day at any of 125 off-track outlets. Chimera President Ken Chua stated, "The statistics and numbers are irrefutable irrefutable - The opposite of refutable. , making our decision to accelerate our Asian business development plan an easy one. Another catalyst has been the fact that Chimera's operations launch exceeded our expectations in terms of progress and troubleshooting, thus providing us with even more time to focus on our Asian expansion plans. I hope to have an agreement concluded in the very near future and commence Asian operations immediately thereafter." 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 over $6 billion annual online gaming marketplace, projected to be over $10 billion by 2004 according to 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, 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 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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