Mobile App For Wearable Point-Of-View (POV) Video Released By Chancellor Group Subsidiary
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 PIMOVIPimovi 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.
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