Wall Street News
Alert -- Stocks to Watch on Tuesday!
Part 5
WESTON, Fla., Feb. 10, 2004 (PRIMEZONE)
-- Wall Street News Alert's "stocks to
watch" this Tuesday morning are: Chimera
Technology Corp (Other OTC:CNOC), Draxis
Health Inc. (Nasdaq:DRAX), SonicWALL
Inc. (Nasdaq:SNWL) and La Jolla
Pharmaceutical Co. (Nasdaq:LJPC).
Aggressive investors may be looking
at Chimera Technology Corp (Other
OTC:CNOC) this morning! Yesterday after
the markets closed, the company issued a
press release announcing that, further
to its press release of Jan. 13, in
which the company announced private
placement financing in the amount of
$250,000, the company has secured an
additional private placement equity
financing in the amount of $500,000!
This could be great news for
investors! Furthermore, investors will
be very encouraged to know the financing
involves the purchase of restricted
common stock of Chimera that includes a
minimum one-year hold period and
restrictions as to maximum dispositions
per quarter thereafter.
Proceeds of this financing will go
directly toward the rapid expansion
plans of the company, including business
development and Chimera's aggressive
sales and marketing efforts to fully
capitalize on the industry's explosive
growth. In the company's latest investor
bulletin dated Jan. 20, 2004, Chimera
reported that UK residents spent more
than $US 6.4 billion in online gambling
in 2003, while residents of the United
States spent more than $US 1.0 billion.
According to the press release, as a
result of Britain's Gambling Bill
expected to pass into law in 2004,
making it easier for companies to run
online casinos from the UK, online
gambling revenues are expected to
increase six fold in the coming years.
Keep your eyes on this company!
Chimera President Ken Chua stated, "We
are incredibly pleased to announce to
shareholders that we have raised
$750,000 in equity financing in only
four weeks. Private placement investors
are putting their money, faith and trust
into long-term expectations of Chimera's
success. The fact that this private
placement provides for restricted stock
and disposition greater than one year
should serve as a very strong
endorsement of our business plan and
operations. What more can be said than
watch out for Chimera in 2004 as there
is nothing stopping our team from
reaching its business objectives in the
lucrative online gaming industry."
Read the
complete article at:
Prime Zone
