BERKELEY, CA - April 2, 2014 - Fuelist, Inc., a 51% owned subsidiary of The Chancellor Group (OTCBB: CHAG), announces the launch of its pricing and valuation platform enabling consumers and enterprises to find values and track valuations over time while identifying investment and arbitrage opportunities in the collector car and motorcycle markets at http://fuelist.com
The Fuelist platform includes data driven tools to help consumers and enterprises to more accurately price classic automobiles. Revenue is targeted in the form of licensing, individual and corporate subscriptions; royalty payments and advertising for prospective partners in the automotive, auction and car insurance industries. Bitcoin enabled payment options are also included for all transactions. The platform is cloud-based and will also include mobile apps and an API (Application Programming Interface) that will enable Fuelist to power large and small partners.
Fuelist Co-Founder and MIT data scientist Dr. Thomas Rand-Nash said:
"The Fuelist continuously aggregates detailed sales information from across the globe, and leverages deep expertise to intelligently organize and curate this information.
"The Fuelist is similar to Zillow.com, but for collector and classic vehicles, in that our extensive proprietary database and tools enable people to properly value vehicles based on verified comparable sales data. From another perspective, anyone using platforms like Ebay Motors or sitting in the audience at a Sotheby's or Bonham's classic car auction should be using the Fuelist. Our data-analysis and visualization tools enable them to ask and answer questions about how much the collector and classic vehicles they are looking at are worth. Not only can they see what they are worth, but they can also identify the factors that drive these valuations, and track market trends over time."
The Fuelist, a subsidiary of The Chancellor Group (OTCBB: CHAG) http://www.chancellorgroupinc.com, is a mobile and web platform that leverages deep segment expertise and big data analysis tools to value classic vehicles. These tools enable consumers and enterprises to quickly find values, visualize and track valuations over time while identifying investment and arbitrage opportunities in this market. The Fuelist is based in Berkeley, California. For more information about The Fuelist, please visit: http://www.fuelist.com
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.