BUDAPEST, HUNGARY 12/10/07 -- Power of the Dream Ventures (PDV), Hungary's premiere technology acquisition company, today announced that in4 LLC completed development work on Functional Module 2 of the Company’s iGlue technology.
iGlue, is an online search engine, content organization and deliver, database builder, interactive encyclopedia and social network enabler based on semantic principles. The modules just completed includes a self-generative database and several key elements of the primarily user interface.
"Today iGlue took another important step toward commercial beta testing. The company’s programmers completed the software’s user interface, intelligence and a expanded its database to cover hundreds of thousands of entries. This data will serve as the foundation of the iGlue’s dedicated encyclopedia upon which our search capabilities are built. We recently purchased an eighty eight processor Dell Blade system. Two of the blades, with a total of sixteen processors, are now dedicated to running custom software for indexing web sites and ‘filling up’ the iGlue semantic database", commented Viktor Rozsnyay, President of the Company.
"It is all coming together as planned. The just completed functional elements, together with the new compute power of the blades, will allow us to increase our database size by an order of magnitude, resulting in faster roll-out of iGlue. I believe once people have an opportunity to Beta test the product they will immediately recognize the immense functional expansion of the internet inherent in semantic technology", added Peter Vasko, Founder and CEO of in4 LLC.
iGlue promises to revolutionize internet use. A public beta of the product is planned for the second quarter of 2008.
Power of the Dream Ventures, Inc. acquired thirty percent of in4 LLC on August 1, 2007.
For more information please visit http://www.powerofthedream.com
This release may contain "forward-looking statements" for the purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings, and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Power of the Dream Ventures, Inc. is a premier holding company focused on technology acquisition and development enabling the delivery of revolutionary concepts and ready to market products to the international market place. We provide hands on support by developing-, acquiring-, licensing-, or co-developing technologies by offering a full range of services designed to encourage and nurture growth by virtue of access to the expertise of Power of the Dream Ventures' management team, and their substantial network of advisors and contacts. We develop-, acquire-, license-, or co-develop technologies that originate exclusively in Hungary that 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 stages on that represent "disruptive technologies."
About in4 LLC
in4 is a Hungarian Limited Liability Company focused on developing next generation internet enabling software products based on semantic web technology. The company’s primary product, iGlue, is an online search engine, content organization and deliver, database builder, interactive encyclopedia and social network enabler software that based on semantic principles. It provides user specified data in an organized, hierarchical manner not previously available all superimposed on current internet content.
Daniel Kun, Jr.
Source: Power of the Dream Ventures, Inc.