BUDAPEST, HUNGARY 9/14/11 -- Power of the Dream Ventures, Inc. (OTCBB: PWRV), Hungary's premier technology acquisition and development company is pleased to announce that its flagship investment, iGlue, Inc., has completed the company's Summer Annotation Challenge and today announced the winners of the cash and prizes competition.
- First place, and the grand prize of $15,000 dollars, was won by iGlue user 'avillavert.'
- Second place finalist, and winner of $10,000 dollars, is iGlue user 'sirmeranita.'
- Third place finalist, and winner of $5,000 dollars, is iGlue user 'impulseries.'
- In addition to the cash prizes finalists four through ten will receive 'gadgets' including iPads, iPhones and music players.
The complete list of all winners is readily accessible on www.iGlue.com. All winners are notified via email.
"I do believe we had a fantastic three months during iGlue's Summer Annotation Challenge. A few numbers: over 4,500 plug-in downloads, over 1.6 million annotations placed on over 40,000 different websites; finalists collected over 1.5 million points for their annotations and users collective spent over 8,500 hours using the system. For an up and coming start-up just getting its product out the door these are tremendous numbers," commented Mr. Rozsnyay, CEO of Power of the Dream Ventures.
iGlue represents a quantum leap in internet technology. Through the interactive use of iGlue's machine and hand annotation feature every single word on any webpage becomes a live, media rich Wikipedia-like junction point, providing users access to immediate, value added information.
iGlue's expanded semantic database now contains over 100 million data points, including over 10 million entities, with over 38 million semantic connections between them, including over 4 million geographical locations, more than 1.5 million names, and more than three hundred thousand institutional name entries and more.
"Now that the Annotation Challenge is over we only have one task left before us. Completing iGue's going public roadmap. We just raised $270,000 in additional capital for the company. After months of working through the required SEC documents we are now at the finish line. I anticipate completing iGlue's public process by the end of September. Once the company is public we will announce the dividend date to our shareholders," added Mr. Rozsnyay.
Power of the Dream Ventures, Inc. is a leading technology holding company. We identify and harness the unique technological prowess of Hungary's high-tech industry, turning promising ideas and ready to market products/technologies into global industry leaders. We focus on developing, acquiring, licensing, or co-developing 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 stage that represent "disruptive technologies." We primarily focus on providing enabling solutions in the fields of environmental technologies, power generation and storage, software products and services, biotechnology, medical devices and what we call 'disruptive technologies.' For more information please visit our website at Http://www.powerofthedream.com
At the Company:
President and CEO
US telephone: 1-646-499-4510 between 8AM and 1PM ET.
Source: Power of the Dream Ventures, Inc.