SAN DIEGO, CA--(Marketwired - Aug 27, 2013) - The OTC Journal, the longest running electronic newsletter focused on the small cap and microcap sectors, observes LifeApps (
Wearable Monitoring Devices are one of the hottest new sectors in the digital world. Remember the Pedometer? In the words of Tony Soprano -- "Forget About It." Today's new devices have moved far beyond the simple measurement of your steps.
The latest and greatest devices are highly evolved from their ancestors. These new devices can count the steps you take, miles you travel, measure your day-to-day physical activity, monitor your heart rate, count the calories you are burning, and record your weight and vital signs wirelessly.
The Fitbit One, which is a simple wrist band, connects wirelessly through bluetooth to your smart phone, and it records everything -- your total activity, the number of steps you take, and the amount of sleep you get. You can input your food intake, and measure your caloric intake and progress.
ABI Research has projected annual sales of over 100 million wearable medical monitoring devices by 2016. This not only includes exercise and fitness related remote monitoring, but vital signs monitoring as well.
This new category is attracting a lot of risk capital. Qualcomm Ventures recently participated in the 4th round of venture capital in Fitbit. $43 million was raised at a $300 million valuation, with Qualcomm Ventures as the core investor. This was Qualcomm Life Fund's 9th investment in mobile digital health.
Larry Isen, Editor of the OTC Journal states:
"There are many millions of dollars in risk capital being invested in the field of Mobile Monitoring for fitness and health.
In light of their extraordinary achievements in Mobile Health through their highly rated MDWorkout Ap, and their unique digital magazine YouWorkout, LifeApps (
LifeApps Digital Media products and publications can be found at:
http://youworkout.com/ (YouWorkout Magazine)
http://lifeappsmedia.com/content/portfolio/mdworkout-for-ios/ (MDWorkout APP)
http://www.coregrip.com/ (CoreGrip Site)
To read the OTC Journal library of past editions on LifeApps Digital Media (
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This report is the opinion of the OTC Journal and was written based upon publicly available information. LifeApps Digital Media, Inc. has not endorsed or compensated the OTC Journal for this report.
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About LifeApps Digital Media, Inc.: LifeApps Digital Media, Inc. (
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