WESTON, Fla., Nov. 25, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Chimera Technology (Pink Sheets:CNOC), Paradyne Networks Inc. (Nasdaq:PDYN), NCT Group Inc. (OTCBB:NCTI) and ProsoftTraining (Nasdaq:POSO).
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: Paradyne Networks Inc. (Nasdaq:PDYN) up 12.6% on 498,000 shares traded, NCT Group Inc. (OTCBB:NCTI) up 12.4% on 16.1 million shares traded and ProsoftTraining (Nasdaq:POSO) up 11.3% on 1.7 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.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 10 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
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 (Pink Sheets: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 One Hundred and Twenty-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.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.