Irvine, CA -- March 08, 2018 -- InvestorsHub NewsWire -- Vita
Mobile Systems, Inc. (OTC PINK: VMSI) is pleased to announce that
the Company has entered into a funding agreement to expand the
content infrastructure for its highly anticipated VITA
app.
Vita Mobile Systems secured funding at an approximate Company
valuation of $150 million. Further details on financing will
be available in the Company’s quarterly report for Quarter 1 of
fiscal year 2018 to be filed with OTC Markets, on or about May 15,
2018.
“With the huge anticipation by the public to our up and coming
beta launch, we are ensuring that we have the proper infrastructure
and resources in place to manage growth, widespread use, and the
capturing, storing, and categorizing of big data. In addition
to expanding VITA’s infrastructure, we are also adding the
necessary staff to manage the growth we anticipate from day one.”
Stated Sean Guerrero, CEO Vita Mobile Systems, Inc.
Mr. Guerrero continued by stating, “We reached out to our
financial advisors for comments regarding the terms of the
transaction. Based on the fact that this is a non-toxic equity
based financing, they were very pleased and we consummated the
deal.”
VITA is a revolutionary mobile social app that uses
crowdsourcing, geolocation and artificial intelligence technology
to allow anyone to easily find and view what's happening at any
place around them or across the globe. Vita Mobile Systems
moved the company and its proprietary technologies from the private
sector to the OTC market last year and plans to up list to the
OTCQB soon after the VITA app goes live.
To see more about VITA please visit the Vita Mobile Systems
website at www.vitamobilesystems.com.
About Vita Mobile Systems, Inc.
(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.
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 Vita Mobile Systems, Inc. (OTC Pink: VMSI) 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.
Contact: Vita Mobile Systems, Inc. 2640 Main St. Irvine, CA 92614949-864-6902 info@vitamobilesystems.com Investor Relations: 949-864-6902 ir@vitamobilesystems.com