Chimera Technology Licensee Sets Record in December with $3.8 Million Handle.

LAS VEGAS -- Chimera Technology Corp. ("Chimera") (Pink Sheets: CNOC) (http://www.chimeratechnology.com) is pleased to announce that its first licensee, 724 Sports Book (www.724SportsBook.com), has had a record month in December. Pursuant to the Jan. 24 press release, 724 Sports Book has provided Chimera with the following unaudited results and authorized their release to the general public. For the month of December, 724 Sports Book reported a total handle of $3.8 million.

The marketing campaign for 724 Sports Book was spearheaded by X-Generation marketing and commenced in November. As a result of the exceptional marketing campaign conducted by X-Generation and the superior online gaming platforms offered by 724 Sports Book, the number of customers using the 724 Sports Book gaming portal ramped up very quickly and helped to set a record month in a very short period of time.

As 724 Sports Book continues to establish itself as a premier destination for all varieties of online gaming, new customers are signing up on a daily basis. As a result, 724 Sports Book is on track to set a new record for the month of January with an anticipated handle of approximately $4 million.

Chimera President Ken Chua stated, "We are extremely pleased with the results that 724 Sports Book has been able to achieve. 724's performance not only validates the years of hard work by the Chimera team, but also validates our belief that Chimera can legitimately become a dominant force within our industry. Further, given that these results were generated only one month after the commencement of the marketing program, I believe that we will be seeing much bigger numbers from 724 Sports Book in the future once word of mouth starts to spread about 724's robust and extensive gaming platforms."

This press release is available on the company's official online investor relations 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 [e-mail].

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.