BERKELEY, Calif., Nov. 29, 2013 /PRNewswire/ -- Pimovi, Inc.,
a 61%-owned subsidiary of The Chancellor Group (OTC: CHAG),
announces it has released a new Bitcoin enabled mobile app named
CamFusion that has been submitted to Apple's App store for
downloading. Consumers, music fans, sports fans and others
will be able to make purchases and interact with wearable live
& real-time POV (Point Of View) video & personalized
content through the mobile apps. Integration includes Bitcoin
transaction support, in collaboration with Coinbase.com, for in-app
payments including a marketplace for exclusive content, merchandise
& products.
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 in-app purchasing and
subscriptions similar to Pay-Per-View and powered by standard
currency and Bitcoin digital currency. 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, protocol and platform are
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 technology subsidiary of the Chancellor
Group, Inc. (CHAG) http://www.chancellorgroupinc.com - Pimovi
offers proprietary algorithms for content search, recommendation
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 Pimovi, Inc.