WESTON, Fla., Dec. 3, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Chimera Technology (OTCBB:CNOC), Cardima Inc. (Nasdaq:CRDM), PSS World Medical Inc. (Nasdaq:PSSI) and Wal-Mart Stores Inc. (NYSE:WMT).
Aggressive investors need to turn their attention towards Chimera Technology Corp (OTCBB:CNOC) again this morning! Yesterday after the markets closed, the company issued a press release announcing launching of its first gaming licensee: Market System Inc. The release also announced that the company has commenced receiving its first ever revenue into the company, from Market System Inc., signaling the company's rapid evolution from its development phase into a full-fledged sales and marketing organization capable of generating long-term and recurring licensing revenues!
This could be great news for investors! Market System Inc. has selected and is expected to launch the URL http://www.724sportsbook.com within the next 30 days by first utilizing Chimera's sports book wagering platform and is expected to be followed by further Chimera gaming platforms such as poker, blackjack, roulette and slots among others.
Chimera President Ken Chua stated, "The rapid progress of our business plan is undeniable. Chimera has rapidly moved from its corporate reorganization and development phase into its sales and marketing cycle in just a few short months. This is the moment shareholders and the investment community have been waiting for and we've delivered. Now that Chimera has reached this all important phase, there is nothing stopping our team from reaching its business objectives."
Keep your eye on this one! Chimera will receive an ongoing loyalty fee from Market on a monthly basis which equates to a portion of Market's gross revenue, signaling Chimera's long-term recurring revenue generating platform.
In case you are not familiar with the company, Chimera 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 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.
Stocks showing interesting activity yesterday were: Cardima Inc. (Nasdaq:CRDM) up 8.5% on 11.3 million shares traded, PSS World Medical Inc. (Nasdaq:PSSI) up 6.9% on 2 million shares traded and Wal-Mart Stores Inc. (NYSE:WMT) down 2.7% on 21.6 million shares traded.
Commentary: Credit Cards 0% interest; Read the fine print.
"Everyone gets credit card offers in the mail. Transfer your balance and get 0% interest for 6-12 months if you activate the card, and you can transfer the balance of any existing card. Read the fine print. On many, new purchases often get charged high interest and cannot be paid off until the transfer balance is paid off first. Also, some attach charges, as much as $50 for the transfer. Late fees and penalties can raise the rate to 20% or more. Make sure to look at your statements closely and ask questions before you sign-up," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSNA has been compensated Ninety Thousand shares for coverage of Chimera Technology Corp (OTCBB:CMRD) and Three Hundred and Eleven Thousand shares after the symbol change to (OTCBB:CNOC), by a third party (Alex Consulting Inc), who is non-affiliated, for services provided including dissemination of company information in this release. WNSA has sold all but Thirty Seven Thousand of the shares. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.
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