IRVINE, CA--(NewMediaWire - Oct 16, 2017) - Gold Mining USA,
Inc. (OTC PINK: GMUI), doing business as and soon to be
renamed Vita Mobile Systems, Inc. in conjunction with its recently
acquired internet marketing and technology business, today
announced that the Company is entering its final phase of
development prior to its beta launch.
Vita Mobile Systems intends to secure $2 million in its second
round of funding which will be utilized on final development and
marketing of its new social media mobile app VITA. Based on the
Company's success to date, this round should be completed near a
$30 million pre-money valuation.
Vita Mobile Systems recently acquired MR Processing, LLC, a
business that has developed proprietary algorithms, traffic
aggregation protocols and other related app and internet
technologies, which have driven the Company's valuation to where it
is today. Based on the early success of these algorithms and
technologies in generating viral and organic growth, MR Processing,
LLC raised $150K in its first angel round of private financing and
an additional $550K before being acquired by GMUI. Since the
close of the acquisition, GMUI has secured an additional $130K of
operational funding.
Sean Guerrero, CEO, stated, "We are extremely pleased with the
company's success to date. We now intend to secure our next and
last round of funding prior to launch. We have been in
discussions with various entities and intend to secure $2 million
for final development and marketing capital in the next 60 days
based on a pre-launch, pre-money valuation of $30
million. Other mobile apps and internet based social
technologies such as Snapchat and Facebook grew early valuations
well into the billions. Once 'VITA' launches, we anticipate
our valuation to grow as well." Mr. Guerrero continued by
stating, "Twitter reportedly paid close to $87 million for its
live-streaming app Periscope prior to launch, and its social media
talent agency Niche (www.niche.co). The VITA app will have an even
wider appeal with its truly open network and uncensored
location-based content than those Twitter purchases."
Here's How VITA will work:
- VITA's proprietary algorithms will add pictures and videos to
millions of locations throughout the world to create a unique
location-based content engine. Upon launch, VITA will already have
pre-loaded thousands of popular destinations and locations where
VITA users can include their unique uncensored perspectives of
those places by adding their own pictures, videos and personal
comments. This will help form user habit of adding content to
existing locations and also creating new locations/events, allowing
VITA to exponentially grow both virally and organically.
"A Picture is Worth a Thousand Words" This old adage is no longer
enough to satisfy the voyeuristic media culture of present
day. One picture is not enough to tell the complete
story. VITA will compile the multitude of pictures and videos
submitted to locations and events to provide a comprehensive
narrative, giving today's culture exactly what they are
craving.
VITA's platform will enable users worldwide to provide or view
first-hand accounts and live updates of events as they happen, as
opposed to blindly searching current social media outlets such as
Instagram, Twitter and Facebook or relying on a narrow media
reporting of news outlets. VITA will make it easy to find and
see a wide variety of pictures, videos and accounts from witnesses
and first responders during natural disasters, tragedies and other
current events.
About VITA Mobile Systems
(www.vitamobilesystems.com)
VITA Mobile Systems is an open network app company focusing on
digital imaging and technology in mobile devices. Vita Mobile
Systems is currently finalizing "VITA" for release on both IOS and
Android. VITA is an open network social platform that allows
users to easily take unfiltered pictures and videos that
organically illustrate, record, and share life's events, creating
an authentic immersive crowd-sourced view of everyday life. The
purpose of VITA is to allow users to experience events, places,
landmarks, and more, from the perspective of the people that are
attending, or are physically there. VITA is expected to
generate not only traditional revenue with picture and video page
views, but also more lucrative, hyper-local advertising as well as
2-D and 3-D augmented reality advertising.
For more information about GMUI and VITA please visit:
www.vitamobilesystems.com
Cautionary Language Concerning Forward-Looking
Statements:
This press release contains forward-looking statements. The words
or phrases "would be," "will allow," "intends to," "will likely
result," "are expected to," "will continue," "is anticipated,"
"estimate," "project," or similar expressions are intended to
identify "forward-looking statements." Actual results could differ
materially from those projected by VITA. The public filings, if
any, of GMUI may be accessed at www.otcmarkets.com. Statements
made herein are as of the date of this press release and should not
be relied upon as of any subsequent date. VITA cautions readers not
to place reliance on such statements. Unless otherwise required by
applicable law, VITA does not undertake, and VITA specifically
disclaims any obligation, to update any forward-looking statements
to reflect occurrences, developments, unanticipated events or
circumstances after the date of such statement.