Valuesetters to Enter Online Chess Money Tournament Market


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OTC:BB:VSTR
05/07/2014 [ACCESSWIRE]

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 activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE: Valuesetters

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