Chancellor Group Inc. Announces New Technology Division: Pimovi Inc.

AMARILLO, TX–(Marketwire – Jan 15, 2013) – 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.

2013-01-15 11:47:29

Source: http://www.marketwire.com/mw/release.do?id=1746055&sourceType=3