Elray Resources Inc (ELRA)

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Bitcoin Enabled Mobile App for Wearable Point-Of-View (POV) Video Released to Apple by Pimovi, Inc., Chancellor Group Subsidiary

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

http://online.wsj.com/article/PR-CO-20131129-907439.html?dsk=y