Fuelist Launches Mobile App for High Value Vehicle Pricing
May 29 2014 - 8:20AM
Marketwired
Fuelist Launches Mobile App for High Value Vehicle Pricing
BERKELEY, CA--(Marketwired - May 29, 2014) - Fuelist LLC, a
51%-owned subsidiary of The Chancellor Group (OTCBB: CHAG) (OTCQB:
CHAG), announced it has received approval from Apple, Inc. for the
download of the "Fuelist" collector vehicle valuation mobile app --
designed to target the rapidly-expanding classic car market.
Fuelist Co-Founder Matthew Hamilton, said today: "We have been
gratified with industry response since our site went live just a
few weeks ago and the release today of what we regard as a very
sophisticated app with potential for very wide usage is, for us,
the icing on the cake.
"This release is timely. Many experts believe the classic car
market is experiencing unprecedented, exponential growth.
"For instance, a recent TechCrunch article, titled, 'As TrueCar
IPOs, The Fuelist Launches Classic Car Pricing App', stated:
'Roughly $13 billion changes hands between classic car collectors
worldwide... ' The Article also said: 'Even private equity
funds are creating strategies to invest in classic cars.'" Source:
http://techcrunch.com/2014/05/18/as-truecar-ipos-the-fuelist-launches-classic-car-pricing-app/
Matthew Hamilton continued: "Yahoo Autos also noted the growth
when it said: Diversifying your portfolio has never been quite so
pulse-racing. With values for more volatile commodities like fine
art and precious metals on the skids, some investors have been
bolstering their earnings by buying into classic cars". Source:
https://autos.yahoo.com/news/classic-cars-invest-not-123053486.html
"In another article on Fuelist, titled 'The Fuelist App Might
Make or Break Your Next Car Purchase', Yahoo Auto's stated: "The
Internet has brought many blessings to the classic car enthusiast,
including extensive vehicle histories, repair guides, and millions
of photo galleries. Now, a new app looks to help us cut our next
classic car deal. It's called The Fuelist.
"When you're in the market for a classic car, it pays to know
what other buyers have spent on similar rides, especially when a
difference of two chassis code digits could cost you thousands of
dollars. That's where The Fuelist comes into play.
"The app is designed to use extensive data collection to
pinpoint just what price you should realistically pay for a classic
vehicle. It scours data from thousands of classic car sales -- from
eBay to public auctions -- and compiles the findings into a huge
database, which includes location information, sale price, vehicle
specifications, and detailed overviews." Source:
https://autos.yahoo.com/news/fuelist-app-might-break-next-car-purchase-130051771.html
Matthew Hamilton said that along with consumer and enterprise
subscription seats, targeting and facilitating transactions between
buyers and sellers represents a significant asset to Fuelist.
"We believe this asset is also turning out to be quite valuable
to potential strategic partners in the insurance and auction
industries. Considering recent IPOs and activity in the automotive
industry along with their associated valuations places Fuelist as a
company in the right space at the right time.
"Never before has so much data on collector car and motorcycle
transactions been so readily available. We believe our Fuelist
mobile app will put the power of hundreds of thousands of
individual verified collector car and motorcycle sales in the palm
of our subscriber's hand. We can't tell them what to buy, but
we can show them what models are available in their price range
from up to four makes and models at the same time, saving them a
huge amount of research time.
"We believe every collector vehicle is an individual, and seeing
values based on individual sales will give our subscribers
confidence participating in this exploding market. I've
personally made three purchases based on our data.
"It's exciting times here at The Fuelist. Now that we have
released Fuelist Mobile App 1.0 and The Fuelist web application
prepares to exit beta 1.0, our attention turns to integrating
premium features into the product, releasing new complementary
services and supporting more platforms down the road."
Matthew Hamilton added that Fuelist is currently pursuing
patents in the area of accurate asset pricing along with matching
buyers and sellers.
ABOUT FUELIST
The Fuelist, a subsidiary of The Chancellor Group (OTCBB: CHAG)
(OTCQB: CHAG) http://www.chancellorgroupinc.com, is a mobile and
web platform that leverages deep segment expertise and big data
analysis tools to value classic vehicles. These tools enable
consumers and enterprises to quickly find values, visualize and
track valuations over time while identifying investment and
arbitrage opportunities in this market. The Fuelist is based in
Berkeley, California. For more information about The Fuelist,
please visit: http://www.fuelist.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.
CONTACT: Matthew Hamilton contact@thefuelist.com 1-415-922-1104
http://fuelist.com
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