Fuelist LLC, a 51%-owned subsidiary of The Chancellor Group (OTCBB: CHAG) (OTCQB: CHAG), announced it has received approval from Apple, Inc. for the download of the "Fuelist" collector vehicle valuation mobile app -- designed to target the rapidly-expanding classic car market.
Fuelist Co-Founder Matthew Hamilton, said today: "We have been gratified with industry response since our site went live just a few weeks ago and the release today of what we regard as a very sophisticated app with potential for very wide usage is, for us, the icing on the cake.
"This release is timely. Many experts believe the classic car market is experiencing unprecedented, exponential growth.
"For instance, a recent TechCrunch article, titled, 'As TrueCar IPOs, The Fuelist Launches Classic Car Pricing App', stated: 'Roughly $13 billion changes hands between classic car collectors worldwide... 'The Article also said: 'Even private equity funds are creating strategies to invest in classic cars.'" Source: http://techcrunch.com/2014/05/18/as-truecar-ipos-the-fuelist-launches-classic-car-pricing-app/
Matthew Hamilton continued: "Yahoo Autos also noted the growth when it said: Diversifying your portfolio has never been quite so pulse-racing. With values for more volatile commodities like fine art and precious metals on the skids, some investors have been bolstering their earnings by buying into classic cars". Source: https://autos.yahoo.com/news/classic-cars-invest-not-123053486.html
"In another article on Fuelist, titled 'The Fuelist App Might Make or Break Your Next Car Purchase', Yahoo Auto's stated: "The Internet has brought many blessings to the classic car enthusiast, including extensive vehicle histories, repair guides, and millions of photo galleries. Now, a new app looks to help us cut our next classic car deal. It's called The Fuelist.
"When you're in the market for a classic car, it pays to know what other buyers have spent on similar rides, especially when a difference of two chassis code digits could cost you thousands of dollars. That's where The Fuelist comes into play.
"The app is designed to use extensive data collection to pinpoint just what price you should realistically pay for a classic vehicle. It scours data from thousands of classic car sales -- from eBay to public auctions -- and compiles the findings into a huge database, which includes location information, sale price, vehicle specifications, and detailed overviews." Source: https://autos.yahoo.com/news/fuelist-app-might-break-next-car-purchase-130051771.html
Matthew Hamilton said that along with consumer and enterprise subscription seats, targeting and facilitating transactions between buyers and sellers represents a significant asset to Fuelist.
"We believe this asset is also turning out to be quite valuable to potential strategic partners in the insurance and auction industries. Considering recent IPOs and activity in the automotive industry along with their associated valuations places Fuelist as a company in the right space at the right time.
"Never before has so much data on collector car and motorcycle transactions been so readily available. We believe our Fuelist mobile app will put the power of hundreds of thousands of individual verified collector car and motorcycle sales in the palm of our subscriber's hand. We can't tell them what to buy, but we can show them what models are available in their price range from up to four makes and models at the same time, saving them a huge amount of research time.
"We believe every collector vehicle is an individual, and seeing values based on individual sales will give our subscribers confidence participating in this exploding market. I've personally made three purchases based on our data.
"It's exciting times here at The Fuelist. Now that we have released Fuelist Mobile App 1.0 and The Fuelist web application prepares to exit beta 1.0, our attention turns to integrating premium features into the product, releasing new complementary services and supporting more platforms down the road."
Matthew Hamilton added that Fuelist is currently pursuing patents in the area of accurate asset pricing along with matching buyers and sellers.
The Fuelist, a subsidiary of The Chancellor Group (OTCBB: CHAG) (OTCQB: 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
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SOURCE: Chancellor Group, Inc.