SOURCE: Chancellor Group, Inc.

March 12, 2014 06:31 ET

Silicon Valley Strategy & Business Transformation Veteran Joins Chancellor Group Subsidiary, Pimovi Inc.

BERKELEY, CA--(Marketwired - Mar 12, 2014) - Pimovi, Inc., a 61%-owned subsidiary of The Chancellor Group (OTCBB: CHAG), announced the appointment of Raj Saxena of Cisco Systems, and formerly of JP Morgan Chase, Bank of America and PriceWaterhouseCoopers, to the Pimovi advisory board.

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. -- -- is a next generation mobile media and entertainment technology subsidiary of the Chancellor Group, Inc. (CHAG) -- 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. 

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