Chimera Bolsters Team With New High-Powered Personnel

Business Wire, Nov 24, 2003

Business Editors/High-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--Nov. 24, 2003

Chimera Technology Corp. ("Chimera") (Pink Sheets: CNOC) (http://www.chimeratechnology.com) today announced the addition of two highly skilled and experienced personnel to help guide the company's rapidly expanding operations. Melvin Pereida will be assuming the role of president of E-Network de Costa Rica SA, Chimera's operations partner in Costa Rica, while Arnoldo Rodriguez will join E-Network and assume the position of corporate finance to deal with the company's day-to-day financial needs. Their impressive list of credentials, success and experience are summarized as follows:

Melvin Pereida

A true trailblazer in the Internet gaming industry in Costa Rica, Pereida has been involved in this fast-paced industry since 1995. Pereida has personally been responsible for the creation of more than 25 different Internet gaming operations for various corporations, including the Internet's very first operational gaming site. During his long and successful tenure in this industry, Pereida has held executive management positions with Internet-based gaming corporations such as Tropical Cyber Casino and ABC Islands Casino and Sportsbook. Pereida was also a previous owner and president of Casino Bahia Ballena, a land-based casino located in Playa Tambor in the Spanish-owned Barcelo hotel. Pereida holds a law degree in Costa Rica and was educated at Harvard University and M.I.T.

Arnoldo Rodriguez

A graduate of Georgia Tech, Rodriguez holds a master's degree in business administration with a specialty in banking and finance, as well as a bachelor's degree in industrial management. His strength is in financial analysis and corporate fund management. His vast experience and expertise has been retained to help restructure multinational companies in Costa Rica such as Chiquita brands, Seagram International and Euro Autos de Centro America. Through his vast European network, Rodriguez is currently involved with a corporation that manages corporate funds for various Internet gaming corporations, for the purpose of maximizing their revenues.

Chimera President Ken Chua stated, "It is with great pleasure that I report to our shareholders the addition of Mr. Pereida and Mr. Rodriguez, two highly successful and respected industry participants that will import their expertise into Chimera and ensure a winning operation for many years to come. Both our shareholders and the investment community should view this news as even further evidence of our commitment to success in an industry that is set for exponential growth in the coming year. Chimera is serious about establishing its long-term market share and the addition of such high-caliber personnel assures us of meeting that objective."

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.