BERKELEY, CA - March 13, 2014 - Pimovi, Inc., a 61%-owned subsidiary of The Chancellor Group (OTCBB: CHAG) (OTCQB: CHAG), announced it has received approval from Apple, Inc. for the download of the "Ian O'Leary CamFusion" POV video mobile app.
Pimovi has entered into an agreement with O'Leary, a top Basketball player in Spain. Pimovi will use Spain as a consumer testing ground and showcase to launch its CamFusion app. The company will also seek to make similar revenue-sharing agreements available to entertainers in the area of music, film and TV in the US and other countries while at the same time aiming to establish alternative currency payment methods for conducting transactions between fans and their favorite entertainers or stars.
Pimovi Co-Founder and Chief Scientific Officer, Kasian Franks said today: "Our CamFusion app [patent application #61774549] should be capable of acting as a tool to integrate Bitcoin-enabled and other alternative currency-enabled financial transactions for CamFusion and other Pimovi products in collaboration with Coinbase, Inc. in fulfilling transactions.
"As these products are being designed for the music, sports and entertainment audience, we believe supporting alternative currency platforms and transactions surrounding content, fans and entertainers will be an important first step in seeking to reach our potential audience."
Pimovi Inc. -- http://pimovi.com -- is a next generation mobile media and entertainment technology subsidiary of the Chancellor Group, Inc. (CHAG) http://www.chancellorgroupinc.com -- Pimovi operates in the music and entertainment area with being the developer of proprietary algorithms for content, search, recommendation in addition to mobile distribution platforms for First Person, or Point-Of-View (POV) video software and hardware for music, sports and entertainment in general. Pimovi is based in Berkeley, California.
Safe Harbor Statement:
This Media release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Chancellor Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Chancellor Group, Inc.