BUDAPEST, HUNGARY 1/27/09 -- Power of the Dream Ventures, Inc. (OTC BB: PWRV), Hungary's premier technology acquisition and development company, today announced the successful acquisition of the iGlue.com domain in anticipation of launching iGlue, in4, Ltd's internet search and content organizer application based on semantic web technology.
"We managed to acquire iGlue.com in the last minute from its former owner. This is a major step in establishing the iGlue brand and launching the product on the web. Because of today's acquisition we decided to push back the release of the iGlue beta website until Monday, February 2nd, to allow transfer of the domain to our registrar and for the DNS servers to adjust," commented Viktor Rozsnyay, CEO of the Company.
On Monday, iGlue will exit limited private beta testing and will seek to register 1,000 public beta testers through the company's new corporate website at www.iglue.com. Information gathered during this testing will be used for debugging, following which a full public beta version of iGlue will be released to the general public.
Power of the Dream Ventures acquired equity in in4, Ltd in 2007 and has been financing development of the product. Power of the Dream Ventures currently owns 40% of in4, Ltd.
Source: Power of the Dream Ventures, Inc.