Business
VITA Mobile Systems Secures Additional Funding To Expand Content Infrastructure
VITA Mobile Systems Secures Additional Funding To Expand Content Infrastructure.
About this update from Vita Mobile Systems, Inc.
[{"type":"text","content":"\n\n IRVINE, CA, March 08, 2018 (GLOBE 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. \n 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 perspe...