BERKELEY, CA — (Marketwired) — 04/11/13 — Chancellor Group Inc. (OTCQB: CHAG) announced today that its 61%-owned subsidiary Pimovi Inc. filed a provisional patent application with the U.S. Patent and Trademark Office on March 7th, 2013. U.S. Patent Application number 61774549 entitled “Video Distribution Service” involves video distribution for Chancellor Group–s recently formed mobile app multimedia subsidiary, Pimovi, which is developing a proprietary POV (Point Of View) technology platform for pictures, movies and videos. Pimovi hopes to leverage the –Video Distribution Service– as stated in the patent to build an immersive video product, which it believes will give fans a new way to experience celebrity entertainment from sports to music.
“We believe that this service could change the way that fans engage with live-streaming video forever, bringing them closer to the celebrities they follow,” said Kasian Franks, Co-Founder and Chief Scientific Officer of Pimovi. “Together with our celebrity partners, we hope to build an entertainment platform that enhances the user–s viewing experience by delivering a point of view as the athlete or performer might see things, either live or on-demand later.”
Patent protection for the service is an important part of Pimovi–s business plan. There is no assurance that a patent will be awarded.
Pimovi Inc. is a next generation media and entertainment subsidiary of the Chancellor Group, Inc. (CHAG). Pimovi will offer a proprietary distribution platform for First Person Video Feeds for sporting, music and other live entertainment. Pimovi is based in the San Francisco Bay Area.
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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