Chimera Technology to Launch Mobile Gaming Platforms.

LAS VEGAS -- Chimera Technology Corp. ("Chimera") (Pink Sheets: CNOC) (http://www.chimeratechnology.com) is pleased to announce that it has begun preliminary research into launching a mobile gaming initiative for the marketplace. On completion of a due diligence review should Chimera proceed with this initiative, the company would be one of the first in the industry to include this feature to licensees of the Chimera group.

Gaming on wireless phones is expected to become a multibillion-dollar business in the next five years according to Paul Skeldon, a senior analyst with Juniper Research. Skeldon predicted in a recent report that mobile gambling worldwide would grow from almost nothing in 2003 to $16 billion in 2008.

With this explosive growth in new clients predicted, Skeldon further projected that mobile gaming users will spend more than $2 billion on mobile gaming in 2008. With this size of market indicated, a number of software gaming producers are in discussions with wireless phones suppliers to offer mostly casino-style games to mobile gamers.

Mobile gaming has been available in Asia for the past two years and Europe has recently entered this lucrative market, as evidenced by the recent "i-Gaming" convention which took place Jan. 25-27 in London. The primary focus of this convention was mobile gaming.

If the mobile gaming platform becomes as accepted as the game industry has endorsed the multitude of software products and theme gaming, then this acceptance would make it become one of the fastest-growing segments in mobile experiences. Chimera can establish itself as a dominant player in this currently nonexistent industry. Products offered on the mobile gaming platform are programmed in Java, which allows for easy download and can be played on most cell phones currently on the market, such as Nokia, Motorola and Sony Ericsson.

Chimera President Ken Chua stated, "This is a very exciting opportunity for Chimera given that the market appears to be very large and that the market is not well served by product suppliers. Time is of the essence; therefore, we have assembled our executive team to conduct a thorough review of the mobile gaming market and what it will take for Chimera to penetrate it." Chua commented further, "The synergies between our current business model and the proposed mobile gaming model are immense, which has led us to conclude that mobile commerce would be a great addition to our current offerings."

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.