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Chesspark.com Completes Angel Investment Round

WEST PALM BEACH, Fla., July 13 /PRNewswire/ -- Chesspark.com (http://www.chesspark.com), an innovative new online chess community moved another step closer to its full-feature product launch today with the completion of an investment round with angel investor Jon Callaghan of True Ventures, Burnt Norton, Inc. and Eaglebrook School. This round brings the total amount raised to $1 million which Chesspark.com will use to fund the completion of its public beta test in anticipation of their full-featured product launch in Q3 of this year.

WEST PALM BEACH, Fla., July 13 /PRNewswire/ — Chesspark.com (http://www.chesspark.com), an innovative new online chess community moved another step closer to its full-feature product launch today with the completion of an investment round with angel investor Jon Callaghan of True Ventures, Burnt Norton, Inc. and Eaglebrook School. This round brings the total amount raised to $1 million which Chesspark.com will use to fund the completion of its public beta test in anticipation of their full-featured product launch in Q3 of this year.

"With over 100,000 users already enrolled in the beta test we have been able to refine and perfect our gaming platform. As we finish up some exciting additional features in coming weeks we remain on course to launch the best subscription-based experience for chess players," says Jack Moffitt, co- founder of the venture. "We are getting 1,000 new signups every day and the response has been fantastic."

The goal of Chesspark.com is to provide the best chess playing experience on the web: a flexible and fun gaming environment for chess players worldwide, a social network for players, tournaments, lessons and team play. Chesspark.com is also proud of its co-branded partnerships with education and youth groups like BeSomeone, Inc. and the Hip-Hop Chess Federation.

Chesspark.com (http://www.chesspark.com) was created by Open Source software veterans using the Jabber Instant Messaging platform as a framework. Users can log in to the innovative, Web 2.0 style website to begin playing or download and run a specialized Windows client.

Contact: Patrick F. Mahoney, pfm@chesspark.com, (561)459-5498,

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Chesspark.com

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