Chancellor Group Inc. announced 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.

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. 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. 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.