Valuesetters Takes Position in the Zelgor Game App - WBAY

Valuesetters Takes Position in the Zelgor Game App

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WHITE PLAINS, N.Y. / ACCESSWIRE / July 8, 2014 / Valuesetters Inc. (OTCQB:VSTR) announced that through its relationship with NetCapital it has acquired a 5% ownership stake in Zelgor Inc, the company that is creating a mobile game that enables users to take over real world places on a real world map.

“Zelgor is exactly the type of property we want in our portfolio. We believe we can help Zelgor bring its game to the next level,” said Manny Teixeira, CEO of Valuesetters.  It is an intriguing skill-based game that combines elements of classic arcade games with real world dynamics.

Targeting high school through college-age players, Zelgor mines this tech-social, thrill-seeking demographic as they play a game of power, control, fantasy and conquest in their towns and communities.

“In addition to the anticipated future value of Zelgor, we are very pleased that our ownership of Zelgor was brought to us by our advisory team, which shares several advisory board members, including a game industry legend, Nolan Bushnell, founder of Atari,” continued Teixeira. “We look forward to working with the Zelgor team.”

“Manny, Nolan and Joe, have already provided so much help in terms of growing the game and the business, and this deal gives us the opportunity to work together more closely as we grow our user base moving forward,”  said Zelgor founder John Fanning.

About Zelgor

Zelgor is a massive multiplayer online social game, combining elements of GPS, location-based interfaces, and real time strategy games. The game enables massive networks of friends, enemies, and strangers, to battle for control over real world physical locations (like Harvard Yard, Yankee Stadium, the local Starbucks, and other popular areas) in an effort to take over neighborhoods, towns, states, countries, and ultimately the world.

Zelgor is free to download and play, and revenue is based off a model of micro-transactions, where profits are fueled by sales of virtual goods and advertisement.  The model is akin to that of other free to play mobile gaming companies with the added twist and opportunity for local-based advertising tied to real world locations.

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.  For more information, visit our web site at

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.

Manuel Teixeira / CEO


Source: Valuesetters Inc.

ReleaseID: 417557

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