LAGUNA BEACH, Calif., Feb. 04, 2017 (GLOBE NEWSWIRE/ Korea IT Times)-- -- Pacific Software Inc. (OTC:PFSF) is pleased to announce the establishment of an independent Advisory Board to be implemented as soon as practicable which is expected to interface with the Board of Directors of the company.
The Advisory Board has been structured to assist the company in the development path of its business model as a Social Media Network platform which could generate significant political cross references and social implications amongst savvy online media followers (www.grandwall.com).
Pacific Software Inc. has recently acquired Grandwall.com which intends to position itself as an Augmented Reality (AR) and Virtual Reality (VR) political social media platform. It intends to feature a state of the art “digital” wall erected on the border between Mexico and the Unites States of America.
Grandwall.com is a non partisan platform which may be used by social media advocates and followers in order to express their views and opinions on the highly controversial and debated topic of the construction of a physical border wall between the USA and Mexico.
As a result Grandwall.com may become the largest digital canvas globally, displaying millions of personal beliefs, perspectives, comments and viewpoints on the efficacy of the proposed wall construction. The project was conceptualized and advocated by President Donald J. Trump and showcased in his election campaigns in an effort to minimize the unlawful entry of illegal immigrants into the USA for national security concerns.
Multiple research reports predict that within 10 years, AR and VR would produce revenue in the tens of billions of dollars. The market size for AR applications alone is expected to approach several billion USD by 2020. The sector is anticipated to receive the majority of investment in content development approximating 78% according to a survey conducted by global law firm Perkins Coie LLP (www.perkinscoie.com). Furthermore, they discovered that 2016 saw already some heavy growth projections for Augmented and Virtual Reality (AR/VR) projects.
The survey results, along with industry developments, make it clear that 2017 will be key for AR and VR. One survey respondent took a big picture – and remarkably simple – view in predicting how AR and VR would develop in the years ahead: “Compelling content will drive demand. Demand will drive technology. Technology will drive the masses. Masses will expand the markets. Make the content commercially viable and the chain will follow,” which describes the Company’s strategy and its approach behind the GrandWall network which will be significantly supported by the newly created Advisory Board.
Memberships to Grandwall.com may be available to everyone, and there may be no restrictions on what members may publish on their wall pieces of the digital border wall (#borderwall) as protected by the First Amendment, whether they support President Donald J. Trump and his proud “Make America Great Again” movement (#MakeAmericaGreatAgain) or whether they support or voted for Hillary Clinton and her “Stronger Together” campaign (#StrongerTogether) or any other candidate.
About Us: Pacific Software Inc. is a U.S. corporation which has acquired social media platform Grandwall.com (www.grandwall.com), its software and related assets. Our team of software developers and Internet specialists have worked on projects with over 500 agencies and clients in the USA, EU, UK, and other countries. Once fully designed, engineered and online Grandwall.com may be characterized as a “third generation” social media platform in the emerging augmented reality (AR) and virtual reality (VR) technology space with worldwide applications.
Contact: For further information please visit our social network at www.grandwall.com and our corporate website at www.pacificsoftwareinc or call us or email us at any time.
Facebook: https://www.facebook.com/GrandWallcom/
Twitter: https://twitter.com/GrandWallcom
Safe Harbor Notice: Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Pacific Software Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions. Actual results could differ materially from current projections or implied results. Pacific Software Inc. undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
Disclaimer Regarding Forward Looking Statements: Certain statements in this press release, on Pacific Software Inc.’s (“PFSF”) website and other oral and written statements made by PFSF from time to time are “forward-looking statements”, as that term is defined in Section 27A of the United States Securities and Exchange Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, Forward-looking statements include, without limitation, statements regarding beliefs, objectives, intentions, goals, plans, strategies, any other statements regarding the future. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and PFSF expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. All forward-looking statements, whether written or oral and whether made by or on behalf of the PFSF, are expressly qualified by these cautionary statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. PFSF’s expectations, beliefs are expressed in good faith and are believed by the PFSF to have a reasonable basis, but there can be no assurance that expectations, beliefs may result or be achieved or accomplished. A variety of factors, many of which are beyond PFSF’s control affect PFSF’s operations, performance, business strategy and results and could cause the actual results, performance or achievements of PFSF to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For PFSF, particular uncertainties arise, amongst others but not limited to and not in any order of importance, from (i) focusing on and allocating more resources on certain target markets (ii) the possibility to raise further equity and debt to fund future growth, (iii) changes in demand for PFSF’s products, (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors, (v) changes in government changes in laws or regulations to which PFSF or its suppliers are subject, including environmental laws and regulations relating to water sources and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned.
NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
CONTACT: Pacific Software Inc. Harrysen Mittler, Chairman and CEO chairman@grandwall.com Heide Morris, Investor Relations investors@grandwall.com Address: 537 S. Coast Hwy Laguna Beach CA 92651 U.S.A.
