Chimera President Ken Chua stated, “The statistics and numbers are irrefutable, making our decision to accelerate our Asian business development plan an easy one.
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. 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. (“Chimera”) (Pink Sheets: CNOC) (http://www.chimeratechnology.com), in its continuing effort to rapidly deploy its online gambling solutions around the world, today announced the commencement of discussions with a Hong Kong-based consulting firm for the purposes of targeting the highly lucrative and rapidly expanding Asian online gambling market. 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 Industry.
LAS VEGAS–(BUSINESS WIRE)–Feb.
– 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. To obtain further information on Chimera Technology Corp., please visit Internet Web sites: http://www.chimeratechnology.com and http://www.724Bingo.com. Investors are asked to visit http://www.agoracom.com and view the “Chimera Technology” Investor Discussion and Contact Forum. 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 site for investor commentary, feedback and questions. .
– The horse racing industry in Hong Kong annually generates $12 billion. The company is an international developer, licensor and provider of online gaming products, including online bingo, casino, sports book, and pari-mutuel betting. 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. 24, 2004–Chimera Technology Corp. 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. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. 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 in terms of the number of Internet users and is expected to become the biggest market in the next four years, according to a study by the Internet Society of China.
About Chimera Technology Corp. Alternatively, investors can e-mail AGORA Investor Relations directly at CNOC@Agoracom.com. (http://www.chimeratechnology.com)
Chimera Technology Corp. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. 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. Chimera Technology Corp. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
– 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