Irvine, CA -- August 16, 2018 -- InvestorsHub NewsWire -- Vita Mobile Systems, Inc. (OTC PINK: VMSI), a technology company specializing in big data via digital imaging on mobile devices, today announced the Company's plans to uplist to the OTCQB market.
The OTCQB is recognized by the U.S. Securities and Exchange Commission (SEC) as an established public market and is a venture market designed for early-stage and developing US and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Because the OTCQB requirements significantly increase corporate transparency, reporting standards and compliance requirements, many broker-dealers trade stocks on the OTCQB. As a verified market with efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation. To learn more, visit OTCQB.
“We believe uplisting to the OTCQB will provide our shareholders the level of transparency we have been working to achieve, better access to a larger and new investor base, improved liquidity and market valuation, and increased opportunity for media and analyst coverage,” stated Sean Guerrero, CEO of Vita Mobile Systems, Inc. “We are currently gathering the proper documentation for the audit so we can begin the uplisting process. In the meantime, the Company has continued its progress this summer in several key areas in an effort to ensure long term value for the Company and its shareholders. Our goals include expanding the structure of VITA the app with a focus on Ad Tech services, a market expected to grow to $335 billion this year. Our focus also includes establishing the foundation for VMSI as a data company through exploring acquisitions, partnerships and licensing opportunities. We are also currently executing contracts to expand our Advisory Team with consultants who are leaders in their respective technology and marketing fields.”
To learn 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, Inc. (OTC PINK: VMSI) is a technology company focusing on digital imaging in mobile devices, collection of big data and development of artificial intelligence. Vita Mobile Systems is currently finalizing their first geolocation-based, social media app "VITA" for release on both iOS and Android. Comprised of a strong foundation of successful entrepreneurs, Vita Mobile Systems has developed proprietary algorithms and tools which gather, categorize, analyze and augment digital content. Over the years, Vita Mobile Systems has used these proprietary marketing, social media, and data collection tools to generate significant amounts of internet traffic for advertising networks. Vita Mobile Systems aims to create a monumental library of crowdsourced content, a massive catalogue of predictive big data, and platform for ultra-targeted advertising. The company expects to establish a strong foundation within the multibillion-dollar industry of driving big data and targeted advertising through its process of cataloging, meta-tagging, analyzing, and predicting trends of everyday people in everyday life.
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.
Vita Mobile Systems, Inc.
2640 Main St.
Irvine, CA 92614