SOURCE: Power of the Dream Ventures, Inc.

Power of the Dream Ventures, Inc.

November 15, 2011 09:27 ET

iGlue Completes Merger With Hardwired Interactive

BUDAPEST, HUNGARY--(Marketwire - Nov 15, 2011) - iGlue, Inc. (PINKSHEETS: HDWR), a leading contextual online search and curation tool, is pleased to announce that it has successfully completed a merger with publicly traded Hardwired Interactive, Inc.

Pursuant to the merger Hardwired Interactive plans to change its name to iGlue, Inc. to better reflect its consumer product and business operations. The Company also intends to have its shares up-listed to the OTCBB quotation system.

The merger was organized by Power of the Dream Ventures (OTCBB: PWRV), Hungary's leading technology incubator and technology investor. It is anticipated that the name change and up-listing to the OTCBB will be fully implemented in the next thirty days. Until then, iGlue will trade under the ticker symbol "HDWR."

Peter Vasko, co-founder of iGlue, has been named President and Director of the Company.

"We worked extremely hard to develop iGlue from an idea into a commercial product. With this merger the Company is now positioned for future growth. We believe our semantic technology will bring about a paradigm shift in how we use and interact with the Internet. I anticipate 2012 to be the first year we produce revenue coupled with exponential user base growth. We have many exciting initiatives to announce in the coming months," commented Mr. Vasko.

iGlue represents a quantum leap in Internet technology. Through the interactive use of iGlue's machine and hand annotation feature every single word on any webpage becomes a live, media rich Wikipedia-like junction point, providing users access to immediate, value added information. Through the use of iGlue's semantic ad targeting technology the system can serve advertising contextually linked to articles, through any word on any website.

iGlue's expanded semantic database now contains over 120 million data points, including over 12 million entities, with over 50 million semantic connections between them, including over 4 million geographical locations, more than 1.5 million names, and more than three hundred thousand institutional name entries and more.

About iGlue
iGlue is a contextual online search and curation tool, which combines the next generation semantic web with real-time content management, curation and collaboration. We believe the result is a more relevant and targeted snapshot of the content you want to discover on the web. This new free tool is used to shape and curate the web through individual contributions in a Wikipedia-type manner. Using natural language processing and patent-pending technology, iGlue's contextual search capabilities return results for text, audio & video, which we believe are more relevant and compelling than the traditional search experience provides today. For more information, visit http://www.iglue.com

About PDV
Power of the Dream Ventures, Inc. (OTCBB: PWRV) is a leading technology holding company. We identify and harness the unique technological prowess of Hungary's high-tech industry, turning promising ideas and ready to market products/technologies into global industry leaders. We focus on developing, acquiring, licensing, or co-developing technologies that originate exclusively in Hungary and are in prototype stage based on existing patents; in prototype stage prior to patenting; existing products that require expansion capital to commercialize; emerging science and high-technology research projects that require help in patenting, developing the product and marketing, University spin-off technologies, and ideas from the very early stage that represent "disruptive technologies." For more information, visit http://www.powerofthedream.com

Contact Information

  • Contacts:
    At the Company:
    Peter Vasko
    President
    Phone: +36-1-786-9783

    At Power of the Dream Ventures, Inc.
    Viktor Rozsnyay
    President and CEO
    Phone: +36-1-456-6061
    Fax: +36-1-456-6062
    US telephone: 1-646-499-4510 between 8AM and 1PM ET.