Vita Mobile Systems Inc (OTCMKTS:VMSI) is on an upward trend, even after another 9.55% pullback on Thursday. The spike in price represents a two-year high and comes fast on the heels of a name change and overall new focus for VMSI. As stated, the company is now focusing their efforts on digital imaging in the mobile space seeing the writing on the wall for the future of communication and technology. This led them to abandon their mining operation – and drop their Gold Mining USA moniker – and will not work to add artificial intelligence into the mix to bring people to their VITA app.
The social media app does not intend to compete with the big boys like Facebook and Twitter, but rather generate marketing dollars as people use the app to catalogue pictures and share videos on other social networks. “We anticipate VITA, the pioneer or crowdsourcing news, to be the next disrupter in the social media evolution and a leader in artificial intelligence and augmented reality with the tools and targeted data that media and advertising campaigns need to maximize their value,” said CEO of VMSI Sean Guerrero.
Vita Mobile Systems Inc (OTCMKTS:VMSI) formerly Gold Mining USA, Inc., is an application company. The Company is focused digital imaging and technology in mobile devices. Its application VITA enables users to easily illustrate record and share life’s events creating an immersive crowd-sourced view of everyday life. The Company’s VITA community allows it’s 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 also share their favorites on their regular social media networks.
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To further elucidate the tech here, this is a description of the app from the company: 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.
“Our algorithms pair relevant user content from the locations of these trends to illustrate these events. We understand that getting people to interact on another social platform can be difficult – that is why we do not plan to directly compete with current social media apps and instead plan to supplement them. We expect our proprietary social media marketing algorithms to have a significant positive impact on our marketing efforts to reach up to 2 million people per day. We believe having these proprietary AI marketing tools incorporated into VITA from day one will give us a great opportunity to quickly captivate the public’s interest and build our user base.”
VMSI is pulling back slightly to end the week, but this could be a buy low option if you missed the first surge. The VITA app might cause some ripples in the industry and could have long-term appeal.
Vita Mobile Systems Inc (OTCMKTS:VMSI) has a market cap of $9.39M and outstanding shares of 969.27M. 10-day volume stands at 2.58M with possibly more rips and runs ahead. We will be updating readers on this one as more news comes out. Sign-up for continuing coverage on shares of $VMSI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!