HOUSTON, TX - Oct 9, 2012 - Chimera Energy Corp. (OTCBB: CHMR) today announced the appointment of Baldemar Rios as Chimera's new Chairman and CEO. Mr. Rios has more than 30 years' experience in a diverse range of energy related industries. For the last several months Mr. Rios has been working directly with PEMEX on Chimera's Non-Hydraulic Extraction technology.
"I am extremely excited about the opportunity to lead Chimera through the next phase of its growth," said Baldemar Rios. "I am very confident that our work with PEMEX will allow us the opportunity to prove that our exclusive technology is the game-changer that we believe it to be."
"Now that Chimera is beginning the process of commercializing the technology I felt the time was right to step back from my day-to-day role with the company," said Charles Grob, former Chairman and CEO. "There is no doubt in my mind that Baldemar is the right man to lead Chimera now and into the future."
About Chimera Energy Corp.Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current domestic shale oil boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
MEDIA CONTACT:BALDEMAR RIOSCHIMERA ENERGY CORP832-390-2334