Chancellor Group Inc. Announces New Technology Division: Pimovi Inc.
January 15 2013 - 1:05PM
Marketwired
Chancellor Group, Inc. (OTCBB: CHAG), announced today the formation
of its new technology division, Pimovi Inc., which is developing a
proprietary technology platform for pictures, movies and videos.
Pimovi's primary focus is creating new methods for recording
activities, along with editing and assembling such records in a
proprietary format, including First Person Video Feeds for sporting
and other events that present the different points of views of the
athletes and other participants.
"With the launch of Pimovi, our goal is to drastically improve
the ways people experience entertainment," said Maxwell Grant,
Chairman and Chief Executive Officer of Chancellor Group. "We have
assembled a strong team of industry specialists to lead the
business and mobile aspects of Pimovi, and we look forward to
leveraging our collective expertise to create what we believe will
be a game-changing technology platform."
Mr. Grant brings extensive experience in the entertainment
industry to Pimovi, having co-founded Majestic Film Management
Limited in 1990, and serving as an Associate Producer of the film
"Joey" in 1997. In addition to TV and film production and
financing, Mr. Grant's interests also include oil and gas, as
Chancellor Group has been engaged in the acquisition, exploration
and development of natural gas and oil properties for several
years. More recently, Mr. Grant has primarily concentrated on
locating a suitable acquisition for Chancellor and worked on
several other film and investment projects. He participated in
negotiations on behalf of Chancellor for the purchase of the
property and identified the sources of financing for Chancellor to
complete the acquisition. Mr. Grant was an International journalist
and University Lecturer in the early 1960s in labor relations at
Monash University, Melbourne. He has a Business Degree and a
Journalism Diploma in 1960 from Melbourne University.
Heading Pimovi's technology development is Kasian Franks, the
Company's Chief Scientific Officer, who also founded Mimvi Inc., a
current Microsoft partner that developed a search and
recommendation engine which enables consumers to quickly discover
mobile apps, mobile content and mobile products across all devices
and platforms. Mr. Franks previously worked as a software engineer,
genomic researcher and product developer specializing in pattern
matching algorithms and tools for companies and organizations,
including: Lawrence Berkeley National Laboratory, Genentech,
Motorola, Sun Microsystems, Oracle, Cisco, TiVo, General Instrument
and AstraZeneca. He was also the founder and CEO of SeeqPod, a
playable search, discovery and pattern matching company, which
garnered 50 million unique visitors and 250 million monthly
searches. In 2008, Mr. Franks was a recipient of the R&D Top
100 award for technology including biomemetic search engines.
Joining Pimovi as its Chief Engineer is Dr. Thomas Rand-Nash, a
data scientist and technologist. Dr. Rand-Nash holds a PhD in
Engineering Systems from the Massachusetts Institute of Technology,
(MIT) where he focused on characterizing how businesses can
leverage the significant uncertainty surrounding novel, rapidly
changing technologies to develop long-term technology strategies.
Prior to the PhD program, Thomas received a Bachelor's degree from
the University of California at Berkeley in Physics, and dual
Master of Science degrees from MIT in Technology in Policy, during
which he studied internet and telecommunications policy, and
Materials Science and Engineering wherein he explored novel
materials to facilitate increased optical broadband transmission
rates.
About Chancellor Group:
Chancellor Group Inc. engages in the acquisition, exploration
and development of natural gas and oil properties. It is based in
Amarillo, Texas. For fuller information see Chancellor's filings at
www.sec.gov
Safe Harbor Statement:
This Media release contains statements which 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.
Investor Contact: Kevin Fickle President NUWA Group LLC Tel:
+1-925-330-8315 Email: kevin@nuwagroup.com
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