Motivideo Systems, Inc.
Motivideo Systems, Inc.: MOTIVIDEO POISED TO MEET URGENT HEALTH INDUSTRY NEEDS
Motivideo Systems, Inc. / Key word(s): Miscellaneous MOTIVIDEO POISED TO MEET URGENT HEALTH INDUSTRY NEEDS New Brunswick, Canada Motivideo Systems, Inc. (GXG:MOTV) announced today that the beta version of its revolutionary weight loss video coaching app is completed and that its initial commercial release will occur in the fourth quarter of this year in conjunction with Rapid Nutrition Ltd’s (GXG:RNL) weight loss line, ‘SystemLS(TM),. ‘While our first product is poised to capture a share of the $60 Billion consumer weight-loss market in the US, it will also have important application in coming calendar quarters in the international arena,’ says CEO, Robert Whitmore. ‘The company also has other products in development that address important areas including smoking cessation, diabetes care, depression, stress, heart disease and others.’ The company’s management and business development leaders have entered into talks with pharmaceutical companies, academic institutions including the Harvard Institute of Lifestyle Medicine, ProChange Behavior Systems, and Palo Alto Medical Foundation, as well as major health care providers, insurers, military contractors and governmental agencies. ‘The reaction has been unanimous’, continues Whitmore. ‘Industry leaders realize patient involvement in self-care guidelines and in the maintenance of healthy lifestyles is essential to meet today’s health challenges.’ Motivideo CTO and cofounder, Dwight Marcus, adds, ‘The use of video may be the only scalable way to meet this challenge. Motivideo’s one-on-one video coaching tools, which have the ability to craft personalized, engaging media coaching experiences on-the-fly for each user, are based on a suite of patents and have never before been available.’ Industry experts who have helped develop the system perceive Motivideo’s coaching system as perhaps the most powerful tool yet developed to meet behavioral health challenges such as being overweight. Motivideo has assembled a stellar management and advisory team, which will be announced in coming weeks. It has penned a joint venture with Rapid Nutrition Ltd (GXG:RNL) for the joint launch of Rapid Nutrition’s consumable product line which agreement included a $2.5 million USD stock swap. The company has commenced discussions with a number of follow-on strategic customers. The company’s revenues will be derived from user fees, subscriptions, advertising and sponsorships, as well as revenue sharing and fee arrangements with affiliate marketing organizations, vendors of heath industry products and services, and corporate and governmental partners. ABOUT MOTIVIDEO Systems, Inc. Motivideo Systems Inc. (MOTV) sets the standard in health and lifestyle management with mobile apps that represent a new class of health industry products designed to help consumers effectively utilize health industry goods and services and improve lifestyle choices. Each one-on-one video coaching session delivers an entertaining stream of video that instantly shifts to respond to dozens of factors such as gender, age, readiness to learn, personal goals and needs. End of Corporate News 05.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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