BERKELEY, Calif., Nov. 19, 2013 /PRNewswire/ -- Chancellor
Group Inc. (OTCBB: CHAG), announced today that its 61%-owned
subsidiary, Pimovi Inc. has released a new mobile app named
CamFusion that has been submitted to Apple's App store for
downloading. It enables consumers to access Point-Of-View
(POV) video and audio through wearable POV devices and hardware.
The technology will give consumers and fans around the world, the
ability to "look through the eyes" of their favorite celebrity from
sports to music, live and in real-time. Revenue from Pimovi's
CamFusion mobile app comes from pay-per-view in-app purchasing and
subscriptions. Revenue is shared with qualifying participants
in the entertainment and sports industry who use wearable POV
devices such as Google Glass, Pivothead, GoPro and others. The
mobile app technology is also available to wearable POV hardware
partners for licensing.
The technology is based on a Pimovi's patent application number
61774549, with the U.S. Patent and Trademark Office entitled "Video
Distribution Service".
ABOUT PIMOVI
Pimovi Inc. is a next generation mobile
media and entertainment subsidiary of the Chancellor Group, Inc.
(CHAG) http://www.chancellorgroupinc.com - Pimovi offers
proprietary algorithms and mobile distribution platforms for First
Person, or Point-Of-View (POV) video hardware for sports, music and
other live entertainment. Pimovi is based in Berkeley, California. For more
information about Pimovi, please visit its website at:
http://www.pimovi.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.
