MIAMI, Dec. 20, 2016 /PRNewswire/ -- World Media & Technology Corp. ("Wor(l)d") (www.worldmediatech.com) (OTC PINK: WRMT), today announced that following the international success of Helo, WRMT's first smart wristband which uses ApP Lite™ from Toshiba Corporation's (TOKYO: 6502) Storage & Electronic Devices Solutions Company ("Toshiba"), WRMT is projecting Helo sales in excess of 1 million units in 2017. Toshiba is hosting an invitation only pre-view of WRMT's latest smart wristband, Helo LX at CES, Las Vegas, 5-7 Jan 2017.
In the last 6 months, WRMT has ordered 300,000 ApP Lite™ processors from Toshiba and has already secured Helo sales in over 30 countries. Helo LX is the luxury version of Helo, a smart wristband with a connected app that provides real-time health monitoring. Wor(l)d's unique algorithm analyses the data gathered by Helo, determines what it means and presents it in an easy to understand interface to inform the wearer's health and lifestyle choices. Helo features include measurement of Blood Pressure, ECG, Heart Rate, Respiration Rate, Heart Rate Variability (HRV) analysis for mood and energy levels along with measuring steps, distance and calorie burn.
Fabio Galdi, CEO, World Media & Technology Corp., said, "Our Helo sales to over 30 countries in the last 6 months and our strong 2017 sales pipeline confirms that we have found our niche." He continued, "We are increasing our Helo production to ensure that we can supply at least one million Helo in 2017 to match our growing sales demand. Helo's success has opened up a significant big data opportunity for us as we will create one of the largest databases in the world where we will store permission based anonymized, international, human vital signs and other biometric parameters gathered from our Helo wearers. This opportunity lays the foundation for our planned stock market up list to a major US exchange in 2018."
ApP Lite™ is a trademark of Toshiba Corporation.
World Media & Technology Corp. designs, manufactures and sells connected, next-generation, in-novative wearable devices which use its proprietary Life Sensing Technology. It has end-users in over 80 countries which it supports through its exclusive distribution partnership with Wor(l)d Global Network (www.worldgn.com). For further information, see www.worldmediatech.com.
Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into three focus business fields: Energy that sustains everyday life, that is cleaner and safer; Infrastructure that sustains quality of life; and Storage that sustains the advanced information society. Guided by the principles of The Basic Commitment of the Toshiba Group, "Committed to People, Committed to the Future", Toshiba promotes global operations and is contributing to the realization of a world where generations to come can live better lives.
Founded in Tokyo in 1875, today's Toshiba is at the heart of a global network of 550 consolidated companies employing 188,000 people worldwide, with annual sales surpassing 5.6 trillion yen
(US$50 billion). (As of March 31, 2016.)
To find out more about Toshiba, visit www.toshiba.co.jp/index.htm
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group and with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company under-takes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Management has prepared projections regarding the Company's anticipated financial performance. The Company's projections are hypothetical and based upon Management's best estimate of the probable results of operations of the Company, based on present circumstances. These projections are based on several assumptions which Management believes are reasonable. Some assumptions upon which the projections are based, however, invariably will not materialize due the inevitable occurrence of unanticipated events and circumstances beyond Management's control. Therefore, actual results of operations will vary from the projections, and such variances may be material. Assumptions regarding future changes in sales and revenues are necessarily speculative in nature. In addition, projections do not and cannot take into account such factors as general economic conditions, unforeseen regulatory changes, the entry into the Company's market of additional competitors, the terms and conditions of future capitalization, and other risks inherent to the Company's business. While Management believes that the projections accurately reflect possible future results of the Company's operations, those results cannot be guaranteed and there can be no assurance that these statements, estimates and projections will be realized. The fore-casts and actual results will likely vary and those variations may be material. We make no representation or warranty as to the accuracy or completeness of these statements, estimates or projections contained in this release or that any forecast contained in this release will be achieved.
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SOURCE World Media & Technology Corp.