Valuesetters to Enter Online Chess Money Tournament Market
May 07 2014 - 9:00AM
Access Wire
WHITE PLAINS, N.Y. / ACCESSWIRE / May 7, 2014 /
Valuesetters Inc. (OTCQB:VSTR) announced that it has plans to
develop a money-based chess game for both individual and tournament
play on the company’s chess web site, www.chess.net.
Valuesetter’s Chief Executive Officer, Manny Teixeira, noted,
"We’re now consulting with Jonathan Gottehrer, an entrepreneur and
USCF-rated Candidate Master, to help advise on the development of
our real money online chess platform. Jon’s passion for the
game of chess and online expertise make him a perfect resource to
oversee the development of a real-money platform."
The Chess.net site has already attracted 500,000 registered
users, and both Grand Master Roman Dzindzichashvili and Former
World Chess Champion Anatoly Karpov were instrumental in
popularizing the site.
"I am excited to use my chess background and business consulting
experience together in helping embrace this virtually untapped
online-gaming opportunity," said Jonathan Gottehrer. "We plan
to use Chess.net’s ranking system to keep games competitive and
ensure that players can accurately gauge the strength of their
opponents. We also believe real-money games and tournaments
combined with a speed chess format will be successful new
territory."
Mr. Teixeira continued, "On April 30th we finished
our fiscal year, and we hope to start our fiscal 2015 year with
several exciting projects that will generate online revenues for
the company."
About Valuesetters:
Valuesetters is an Internet-based company that seeks free
subscribers and revenue-generating subscribers. The company
operates on an automated basis with the belief that Internet
operations, customer sign-ups, sales and game playing should occur
without human intervention so that it can quickly expand in the
event the number of subscribers begins to rapidly grow on a viral
basis. Its focus is on the digital delivery of games, apps, movies
and music.
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to be materially different from any future results, levels of
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forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
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affect actual results, levels of activity, performance or
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other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
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actual results could differ materially from those anticipated in
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available in the future.
SOURCE: Valuesetters