IRVINE, CA -- October 5, 2017 -- InvestorsHub NewsWire -- Gold
Mining USA, Inc. (OTC PINK: GMUI) today released a letter to
shareholders from its new CEO Sean Guerrero providing further
detail on GMUI's recent acquisition of an internet
marketing/technology company and mobile app VITA. In
conjunction with the acquisition, the Company has transitioned to a
new management team and will be renamed Vita Mobile Systems and
assigned a new ticker symbol in the coming weeks.
The letter is included in its entirety below:
Dear Fellow Shareholders,
Here at Vita Mobile Systems, we are all very excited about
becoming part of GMUI and about the launch of our first
app. As Vita Mobile Systems is new to GMUI and its existing
shareholders, I want to take this opportunity to tell you a little
more about who we are and the value we bring to GMUI post
acquisition. I hope you join us in our enthusiasm for the
future of the company.
Earlier this year, GMUI acquired Vita Mobile Systems, a
privately held internet technology and marketing company focused on
digital imaging technology, machine learning and artificial
intelligence, and augmented reality. Over the past few months,
Vita Mobile Systems' management team has successfully transitioned
over to GMUI's leadership, and all day-to-day company operations
have been moved to the Vita Mobile Systems' offices. As we await
final approval for the company name change and new ticker, I wanted
to provide GMUI's shareholders more information about Vita Mobile
Systems and share our plans for the next few months.
We are finalizing and preparing to launch our first app, "VITA",
on both iOS and Android. The VITA app is an open network
social platform that allows users to easily take 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. Being a
completely open social network platform, is what enables all users
to benefit from the full experience of events and places, of which
they may not be attending. This veers from many current social
media platforms that limit users to only seeing shared content from
their closed network of friends. VITA lets the public be the story
tellers while empowering millions of users to view life and
locations from the eyes of many.
Some current social media apps are starting to introduce
location-based content, which validates and strengthens our
position. However, those apps have significant limitations,
namely their closed network structure as well as social pressures
that contribute to heavily filtered media. The current norm
for social media users is to post only the best few pictures and
videos for more attention and likes within manicured profiles. VITA
creates a paradigm shift in how people will consume social media by
removing the social pressures associated with today's apps and
encouraging users to post all media, good and bad, to fully
illustrate what is happening in the world.
A good example of how VITA works is to look at the experience
WAZE provides its users. WAZE, an Israeli based startup which
was recently acquired by Google for $1.1 billion, relies on
crowd-sourced content and updates, allowing users to create and
contribute to location based incident reports along the road on an
open network platform -- you do not need to build a network of
friends to see what's happening around you. You can easily get
information on a traffic jam or hazard in your path in real time
with the open network. Similarly, VITA allows users to create,
contribute to, and experience all kinds of events, places,
landmarks and other happenings on a location basis and post both
visual and text accounts to those events.
In the future, our artificial intelligence and machine learning
algorithms will be able to utilize all pictures and videos,
regardless of quality, to put the pieces together, creating a
virtual reality experience for users. Artificial intelligence and
machine learning are part of a rapidly growing market that is
projected to grow an astounding 57% to about $36 billion in just
the next 8 years, according to Grand View Research. We are
extremely pleased that Vita Mobile Systems is at the forefront of
that growth curve.
Social media sites such as Facebook, Instagram, Twitter, and
Snapchat have developed revenue models generating over $100 billion
dollars a year while only utilizing 2% of the massive amounts of
media content being captured every day. With VITA's ability to
utilize 100% of all captured media and location based data, VITA
can generate not only traditional revenue opportunities with
picture and video page views, but can also capitalize on more
profitable, hyper-local advertising as well as 2-D and 3-D
augmented reality advertising. Additionally, our algorithms
and interpretation of our collection of big data will become
extremely valuable assets.
Our VITA app is currently scheduled for launch in the coming
months, and we plan to issue regular updates on the company's
progress. Additionally, we are in the process of winding down and
discontinuing the remaining operations GMUI had in
mining. Going forward, GMUI's business will be solely
dedicated to Vita Mobile Systems.
Please look for regular updates on the company, and I encourage
any shareholders interested in learning more about Vita Mobile
Systems and VITA to visit our website (www.vitamobilesystems.com) and reach out to our IR
group at ir@vitamobilesystems.com or 949-864-6902.
Best Regards,
Sean Guerrero
CEO
About VITA Mobile Systems (www.vitamobilesystems.com)
VITA Mobile Systems is an app company focusing on digital imaging
and technology in mobile devices. Its first app release, called
VITA, makes it easy to illustrate, record and share life's events,
creating an immersive crowd-sourced view of everyday life. The VITA
community empowers its users to experience an event or view a
location from a multitude of perspectives. By using a familiar and
user friendly map to locate images and videos, users can easily
view content as soon as it is created and share their favorites on
their regular social media networks. VITA makes viewing life's
moments easier, faster, and more engaging.
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.