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Thursday, September 20, 2018 2:17:47 PM
Chairman of the Board and CFO for Vita Mobile Systems, Inc. (OTC Pink: VMSI) is Martin Wade III, who is also currently the intern CEO at Payless Shoes, a $2 billion retailer. Mr. Wade is no stranger to technology and media companies as he currently serves on the board of Media News Group — the second largest media company in the U.S. serving over 60 million monthly readers. His past positions include, board director of Readers Digest, and Chairman and CEO of Broadcaster, Inc. (formally a top 100 webste similar to YouTube and a predecessor technology to Twitter’s Periscope).
In 2013 Google purchased Waze for $1.15 Billion, with its approximately 50 million users equating to approximately $23.00 per user (without consideration for the technology).
Vita Mobile Systems (OTC Pink: VMSI), entering the final phase prior to its beta launch, stands to be one of the early innovators in artificial intelligence-powered social media.
Vita Mobile Systems (OTC Pink: VMSI) intends to secure $2 million in its second round of funding which will be utilized on final development and marketing of is new social media mobile app VITA. Based on the Company’s success to date, this round should be completed near a $30 million pre-money valuation.
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