Mr. Maciej Lis reports

VICE UPDATES DEVELOPMENT OF PROPRIETARY ARTIFICIAL INTELLIGENCE APP FOR OBESTIY, WEIGHT-LOSS AND ADDICTION

Vice Health and Wellness Inc. has provided a substantial progress update on its newly formed, 100-per-cent-owned and proprietary Vice Versa AI (initial news release Aug. 17, 2023). This purpose-built app is poised to redefine weight loss and addiction management.

About Vice Versa AI

Vice is working to enhance the health and wellness sector through its companion app, which aims to provide users with tools for sustainable weight loss and obesity management. Going beyond conventional methods, the app aims to provide personalized support and tools for balanced eating, exercise and progress tracking, fostering habit formation and prioritizing overall well-being.

The company anticipates its core features, such as nutrition tracking, exercise monitoring, intelligent notifications and advanced artificial intelligence algorithms, will enrich users' approach to health. The company continues to plan and build out user-friendly interface, seamless integration with Android and iOS platforms, and an AI-driven recommendation system that forms the heart of the application.

Maijec Lis, chief executive officer and director of Vice, stated: "We are nearing a pivotal moment in the evolution of health care management. Our Vice Versa AI application is designed to enhance personalized strategies for weight and addiction management, providing an unparalleled level of tailored support for users. We will continue to keep stakeholders informed with timely updates as we advance our strategic initiatives in artificial intelligence, pharmaceutical-grade solutions and nutraceutical products."

Progress milestones

Since inception, the Vice development team has reached significant milestones, laying the groundwork for the next stages of product development. This includes building a diverse and highly skilled team, comprehensive research to define product requirements, technical feasibility assessments, designing a scalable system architecture, and beginning implementation to craft a seamless user experience.

Tackling massive global markets and chronic illness

Vice is entering these markets at a pivotal time. The global obesity treatment market, according to Market.us, is projected to reach $15,087-million (U.S.) by 2032 from an estimated $5,649.5-million (U.S.) in 2022. This incredible growth, with a compound annual growth rate of 10.6 per cent (2021 to 2026), is driven by rising obesity rates and the subsequent surge in chronic diseases. Vice's mission to provide effective obesity treatment solutions is more crucial than ever.

Market opportunities

Vice is strategically positioned to target and capture market share in the health and wellness, obesity, weight loss, and addictions segments -- some of the world's largest addressable health and wellness markets. With Vice's AI at the helm, the company aims to serve a global audience seeking sustainable solutions for weight management and addiction recovery.

About Vice Health and Wellness Inc.

Vice Health and Wellness is a dynamic publicly traded company dedicated to fostering healthier lifestyle choices by offering a diverse range of products that empower consumers to enhance their mental and physical well-being. As an ever-growing community of like-minded individuals and organizations, Vice believes in the power of collective small steps leading to remarkable transformations. The company's product line features low-sugar, plant-based gummy products, and it is actively spearheading innovations in alignment with emerging trends in the health and wellness sector. By prioritizing weight loss and harnessing the potential of AI-powered health and wellness applications, which leverage state-of-the-art artificial intelligence algorithms, Vice aims to provide individuals with unparalleled advice, personalized recommendations, unwavering support and transformative solutions on their journey to ultimate well-being. Vice's exceptional applications intend to offer a multitude of treatment benefits, empowering users to embark on a transformative path toward optimal health.

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