LAS VEGAS, Jan 19, 2006 -- Chimera Technology Corp. (``Chimera``) (Pink Sheets:CNOC) (http://www.ChimeraTechnology.com), a developer/licensor/turnkey solution provider of online and wireless gaming platforms, is pleased to announce strong financial results for 2005.
The management prepared unaudited financial statement can be found on the Chimera website by following the link below:
http://www.chimeratechnology.com/sec.htm
Chimera President Ken Chua stated, ``This is a very significant milestone for Chimera and I am very proud of the efforts that have been put forward by our staff in 2004 and 2005. Financial results clearly indicate that we are no longer to be considered as a development stage company and in 2006 we look forward to the transition into a fully operational corporation. Our business revenue model of charging an initial set up fee, with subsequent profit sharing arrangement with each of the licensees on their net revenue, will undoubtedly boost Chimera`s revenue streams in the upcoming period as more licensees commence operations in 2006.`` Chua went on to say, ``We have yet to find a competitor in the i-Gaming industry, which offers a licensee 5 different gaming platforms under one environment. These platforms include Sports Wagering, full Casino Game suite, Horse Wagering, Mobile/Cell Phone casino solution and the ever notorious Poker room network. In 2006, we have budgeted more resources for licensee acquisitions which should firmly place Chimera in the i-Gaming arena as `Your One Stop i-Gaming Solution Shop.` As announced, we will further promote our platforms through firstly a February convention in Asia and other upcoming Conventions throughout the world. With $1.3 Million gross sales revenue under our belt for 2005, we expect to increase sales to $2 million for 2006, which my management team believe, is a very achievable target. With our fixed cost of sales decreasing as a percentage of operating cost we expect a stronger bottom line return accordingly. We will continue to work diligently to earn the trust and respect from our shareholders and licensees, and anticipate a very good year in 2006.``
To obtain further information on Chimera Technology Corp., please visit Internet Web site http://www.chimeratechnology.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.
Chimera Technology Corp., Las Vegas
Ken Chua, 720-533-7006
(Fax) 720-533-7006
or
AGORA Investor Relations
http://www.agoracom.com
CNOC@Agoracom.com
