SARASOTA, Fla., Jan. 25, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Chimera Technology Corp. (Pink Sheets:CNOC), SIRIUS Satellite Radio (Nasdaq:SIRI), NovAtel Inc. (Nasdaq:NGPS) and Hyperion (Nasdaq:HYSL).
Aggressive stock traders and investors, have a look at Chimera Technology Corp. (Pink Sheets:CNOC), a company determined to be amongst the top performing technology licensing and software management corporations in the on-line gaming industry. Monday after the closing bell, the company issued a press release announcing that it has entered into negotiations with 777 Entertainment Corp. for the right to license Chimera's online gaming platform, which includes a multitude of the most popular games available online.
Chimera Technology Corp. said that, in anticipation of successful licensing negotiations, 777 Entertainment Corp. has retained the domain of www.777Betz.com. Chimera said that it anticipates the implementation period to be approximately 30 days, once the formal licensing agreement has been executed.
James Cheung of 777 Entertainment Corp. stated, "We are extremely excited about our prospects with the Chimera suite of online gaming products. We conducted a thorough review of other similar products & services available to us, and compared those to Chimera's fully turn-key solution. The applications, including an online wagering platform, full suite of casino games, thoroughbred horse betting platform, double redundancy hosting services, top-notch customer service department, integrated payment solution and all related back-end services, led us to conclude that the Chimera program was the most robust and cost-effective available. We look forward to a successful conclusion of these negotiations and a prosperous and long-term relationship with Chimera."
The company also provided an update on 724SportsBook, stating that the majority of 2004 was used primarily to thoroughly test the various gaming platforms and infrastructure developed by Chimera, in conjunction with e-Network in Costa Rica. Chimera said by late 2004 it had completed testing and their first licensee, 724SportsBook.com, was able to start actively promoting their business.
Furthermore, Chimera Technology Corp. said that in November 2004, 724SportsBook.com retained X-Generation Marketing to commence a full-blown marketing campaign, which in conjunction with Chimera's superior online gaming platform, has led to better than expected results with extraordinary traffic and amount of wagers placed.
Chimera said it will be releasing 724SportsBook figures in the near future upon authorization by 724SportsBook.com.
Ken Chua, Chimera President, added, "Our years of hard work have started to pay off as evidenced by the initial figures 724SportsBook has reported to us. We are now more confident than ever that our suite of online gaming products as well as our infrastructure is far superior to anything else available on the market right now. Not only are we showing great success with existing licensees, we are continually entering negotiations with new potential licensees as evidenced by our latest initial negotiations with 777 Entertainment Corp."
CNOC is currently trading at around 10 cents a share.
Other Stocks of Interest;
SIRIUS Satellite Radio (Nasdaq:SIRI)
Satellite radio service provider SIRIUS Satellite Radio announced Monday that it has formed an exclusive creative, marketing and promotional alliance with Interscope Geffen A&M Records, and its Chairman, Jimmy Iovine. SIRIUS said that Iovine would act as the company's creative advisor and consultant on new programming opportunities.
SIRI closed Monday's regular trading session at $6.09 on volume of 2.5 million shares.
NovAtel Inc. (Nasdaq:NGPS)
High-precision global positioning systems designer, NovAtel Inc., announced Monday that in its preliminary results it expects higher net income and revenues for full year 2004, driven by ramp up of business with Leica Geosystems and a significant rise in the exports to China. The company said it now expects full year 2004 net income of C$9.2-$9.7 million from its previous guidance of C$8.0-C$8.8 million, and said it sees revenues in the range of C$53.5-$54.0 million from the earlier outlook of C$51-C$53 million.
NGPS closed Monday's regular trading session at $23.69 on volume of 5.69 million shares.
Hyperion (Nasdaq:HYSL)
Business performance management software company, Hyperion, and Dutch based asset-based finance products provider, De Lage Landen, announced Monday that they have joined forces to create a risk management framework. De Lage Landen stated it intends to incorporate the framework into its core business processes, namely budgeting, planning, reporting and consolidation, which was already managed by Hyperion software. Hyperion plans to market the framework to the financial services industry, the company said.
HYSL closed Monday's regular trading session at $45.79 on volume of over 1 million shares.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for newsletter and ad services for Chimera Technology (public company). The compensation is four hundred and ten thousand free trading shares of CNOC and for prior services received fifteen thousand dollars, all from a non-affiliated third party. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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