IRVINE, CA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Vita Mobile Systems, Inc. (OTC PINK: VMSI), a technology company focused on digital imaging in mobile devices, collection and management of big data and development of artificial intelligence, today announced the acquisition of My2Tum through a share exchange agreement. My2Tum brings proprietary Artificial Intelligence (AI) technology that allows users to find up-to-date health and safety information by location, complementing VMSI’s own geolocation-based social application platforms.
“The significance of this acquisition is immense, and bringing on My2Tum is a huge step forward for VMSI,” stated Sean Guerrero, CEO of Vita Mobile Systems. “The pandemic has made it clear that accurate and timely health and safety information for locations around the world is crucial for both business and personal needs. For example, businesses could leverage this data to better support their employees and deliver to their customers, and individuals would be able to travel anywhere in the world with the confidence and the assurance that is required to make their trip a successful one.”
“Pursuing a similar goal of providing the most up-to-date geolocation-based information has made My2Tum a perfect synergistic acquisition for VMSI. We are excited to launch our first My2Tum product, as part of our VMSI portfolio, which is slated to be introduced to the public this fall,” continued Guerrero. “This acquisition strengthens both the future of VMSI and its management team. As we incorporate My2Tum into VMSI, we anticipate strategic management changes and plan to announce those changes once the expected appointments take place.”
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.
Contact:
Vita Mobile Systems, Inc.
2640 Main St.
Irvine, CA 92614
949-864-6902
info@vitamobilesystems.com
Investor Relations:
949-864-6902
ir@vitamobilesystems.com