Chimera Technology Proceeds to Implement Mobile Gaming Platform.

LAS VEGAS -- Chimera Technology Corp. ("Chimera") (Pink Sheets:CNOC) (http://www.chimeratechnology.com) is pleased to announce that pursuant to the Press Release dated February 2nd, 2005, announcing Chimera's preliminary research into launching a Mobile Gaming initiative, Chimera has taken the next step and initiated implementation of the mobile gaming technology. A thorough due diligence review was conducted which determined that it would be very beneficial for Chimera to proceed with this initiative.

Once the implementation process has been completed, this new gaming platform will be made available to all current and future Chimera licensees. As a result, players will be able to play these "games of chance" on their Internet enabled cellular phones for either real money or fun money. The mobile gaming platforms will include such favorites as black jack, baccarat, video poker, virtual horse racing, hi-lo and many other games.

It is anticipated that implementation will be completed in approx. 60-90 days. Investors will be provided with updates as they become available.

Gambling on wireless cellular phones manufactured by: Sony Ericsson (6758.T: Quote - http://www.investor.reuters.com/FullQuote.aspx?ticker=6758.T&target=/ stocks/quickinfo/fullquote, Profile - http://www.investor.reuters.com/CompanyOverview.aspx?ticker=6758.T, Research - http://www.investor.reuters.com/StockReports.aspx?ticker=6758.T) (ERICb.ST: Quote - http://www.investor.reuters.com/FullQuote.aspx?ticker=ERICb.ST&target= /stocks/quickinfo/fullquote, Profile - http://www.investor.reuters.com/CompanyOverview.aspx?ticker=ERICb.ST, Research - http://www.investor.reuters.com/StockReports.aspx?ticker=ERICb.ST), Nokia (NOK1V.HE: Quote - http://www.investor.reuters.com/FullQuote.aspx?ticker=NOK1V.HE&target= /stocks/quickinfo/fullquote, Profile - http://www.investor.reuters.com/CompanyOverview.aspx?ticker=NOK1V.HE, Research - http://www.investor.reuters.com/StockReports.aspx?ticker=NOK1V.HE) and Motorola (MOT.N: Quote - http://www.investor.reuters.com/FullQuote.aspx?ticker=MOT.N&target=/ stocks/quickinfo/fullquote, Profile - http://www.investor.reuters.com/CompanyOverview.aspx?ticker=MOT.N, Research - http://www.investor.reuters.com/StockReports.aspx?ticker=MOT.N) is expected to become a multi-billion business in the next five years. Paul Skeldon, a senior analyst with Juniper Research, predicted in a recent report that mobile gambling worldwide would grow from almost nothing in 2003 to $16 billion in 2008.

Skeldon also projected that U.S. gamblers will spend more than $2 billion on mobile gambling in 2008. With billions at stake, a number of gambling companies already have set up operations for wireless phones, mostly casino-style games for gamblers in Europe and Asia.

Preliminary research has indicated that the United States market is ripe for this type of gaming platform and that it will be readily accepted to make it one of the fastest growing segments in gaming in the United States. Chimera can establish itself as a dominant player in this currently non-existent Industry in the North American and Asian Continents if it moves swiftly and smartly.

Chimera President Ken Chua stated, "This is an exciting new initiative for Chimera and potentially very lucrative as we anticipate that Chimera will be one of the first companies to offer mobile gaming around the world."

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 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.

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