Chimera to Launch Full Platform of Pari-Mutuel Thoroughbred Wagering.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 4, 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) today announced the addition of a comprehensive platform to host pari-mutuel thoroughbred horse race Thoroughbred horse racing is a worldwide sport and industry. It is governed by different national bodies. There are two forms of the sport: flat racing and jump racing. Jump racing can be further divided into hurdling and steeplechasing. wagering. The platform is scheduled for launch in the next 60 days and will provide a powerful complement to the company's world-class sports book wagering platform and soon to be launched casino games platform. The state-of-the-art pari-mutuel platform will provide licensees and their clients with the ability to wager on virtually every single race on major tracks throughout the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . Shortly thereafter, Chimera plans to offer pari-mutuel horse race wagering for races throughout Asia, including the prestigious Hong Kong Jockey Club The Hong Kong Jockey Club (HKJC, Traditional Chinese: 香港賽馬會) is one of the oldest institutions in Hong Kong, founded in 1884 to promote horse racing. . 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 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. alone generates $12 billion annually. In a city of 6,000,000 people, 750,000 people have telephone betting accounts and 1,000,000 people place bets on each race day at any of 125 off-track outlets. Some Pari-Mutuel Wagering Worldwide Facts Pari-mutuel wagering is authorized in: -- 43 American states -- All Canadian provinces -- 65 other countries around the world Global Pari-Mutuel "Handle" (Total Amount Wagered) Is Estimated At $150 Billion -- North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. pari-mutuel handle: $20 billion -- Of that, $15.8 billion comes from thoroughbred racing Chimera President Ken Chua stated, "The Chimera business plan is deploying faster then we ever could have expected. As of March 4 the company has secured two licensees, $750,000 in financing, opened discussions with a Hong Kong-based consulting firm for the purposes of targeting the highly lucrative Asian online gambling market and is now scheduled to launch Casino gaming and pari-mutuel thoroughbred wagering in the next 60 days. These facts are irrefutable irrefutable - The opposite of refutable. and further establish the company as an emerging serious player in this marketplace. Watch Chimera grow in 2004. This is a very exciting time to be part of Chimera and an industry that is experiencing exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. ." 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 the 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 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 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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