By staff
Chimera Announces Completion Of The Acquisition Of

724Bingo.com And Appoints Mr. Ken Chua As CEO/President

Las Vegas, NV/EWORLDWIRE/October 23, 2002 --- Chimera

Technology Corp.(NQB:CMRA), a Nevada corporation, today

announced it has completed the acquisition of 724Bingo.com

('724'), an Internet e-Commerce software development, and

management company specializing in developing Internet

online gambling software. Chimera also selected Mr. Ken

Chua to assume the position of President and Chief

Executive Officer effective immediately.

'724' has developed a supreme version of Internet Online

Bingo & a full line of Casino software, Sports Book

wagering system, and an unique 'BIRDS EYE' management

System that operate the entire gambling

site. 724Bingo.com's competitors within the Internet

gambling market include Argosy Gaming Co. (NYSE: AGY),

International Game Technology Inc. (NYSE:IGT), Cryptologic

Inc. (TSE:CRY), World Gaming (OTC: BB WGMGY), Bingo.com

(OTC BB:BIGR), Global Entertainment (OTC BB:GGNC),

Youbet.com (OTC BB:UBET), Multimedia Games (OTC BB:MGAM).

For further information, contact:

Chimera Technology Corporation

Telephone: +1.877.330.3322

Fax: +1.801.998.0005

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