BERKELEY, CA--(Marketwired - Mar 12, 2014) - Pimovi, Inc., a 61%-owned subsidiary of The Chancellor Group (
Mr. Saxena's experience in the financial industry with companies such as JP Morgan, Bank of America and others will provide Pimovi and its products with a additional strength in growing and managing financial transactions connected to its current and future product offerings. He has specialized in operational excellence in consumer operations related to financial transactions. Pimovi will also benefit from his expertise related to global business strategy, integration and partnerships. He is currently responsible in the area of strategy and business transformation at Cisco Systems.
Pimovi Technical Co-Founder and CSO, Kasian Franks, expressed, "Given his 20 year track record of providing leadership, business acumen, and technology expertise through broad based strengths in Silicon Valley and beyond, he is a clear asset for any company. We intend to use his skill sets to advance our current initiatives with partnerships and related transactions surrounding our audience of Pimovi fans."
Maxwell Grant, Chancellor Group CEO recognizes Mr. Saxena's appointment as a significant benefit to Pimovi stating, "We are excited to have Raj add to our roster of seasoned Silicon Valley leaders in advancing everything we are working toward in the technology space."
Commenting on his appointment to Pimovi's Board of Advisors, Mr. Saxena stated, "Pimovi is working on some of the most cutting-edge and exciting technologies I've seen in a while and I hope to be a part of their complete success."
Pimovi Inc. -- http://pimovi.com -- is a next generation mobile media and entertainment technology subsidiary of the Chancellor Group, Inc. (CHAG) http://www.chancellorgroupinc.com -- Pimovi operates in the music and entertainment area with being the developer of proprietary algorithms for content, search, recommendation in addition to mobile distribution platforms for First Person, or Point-Of-View (POV) video software and hardware for music, sports and entertainment in general. Pimovi is based in Berkeley, California.
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.