WESTON, Fla., Nov. 25, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Chimera Technology (Pink Sheets:CNOC), NeoMedia Technologies In (OTCBB:NEOM), SCO Group Inc. (Nasdaq:SCOX) and Friedman's Inc. (NYSE:FRM).
Aggressive investors should be watching Chimera Technology Corp (Pink Sheets:CNOC) again this morning! Yesterday after the markets closed, the company issued a press release stating 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. Investors should be aware that it looks like Chimera is continuing to build a "power team!"
Melvin Pereida has been a true trailblazer in the Internet gaming industry in Costa Rica, and 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.
Arnoldo 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 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.
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." Investors really need to watch this company, as the good news continues to flow!
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. Keep your eye on this one!
Stocks showing interesting activity yesterday were: NeoMedia Technologies In (OTCBB:NEOM) up 15.5% on 6.9 million shares traded, SCO Group Inc. (Nasdaq:SCOX) up 14.2% on 683,900 shares traded and Friedman's Inc. (NYSE:FRM) up 13.1% on 1.2 million shares traded.
Commentary:
"AAA stated that 36 million people will travel more than 50 miles for the Thanksgiving week-end Holiday, and 86% will be driving. Gasoline prices are down 24 cents per gallon from Labor Day highs. A gallon of gasoline averages now $1.50 per gallon," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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