FOMO CORP. ACQUISITION TARGET SMARTGUARD-SOLUTIONS LLC ESTABLISHES REVENUE SHARING ALLIANCE WITH DISINFECTION SERVICES COMPANY (REISSUED)
FOMO CORP. has announced a strategic alliance with GNW Technologies LLC to market and finance the SmartGuard-Solutions LLC air disinfecting UV-C light fan. This partnership follows a successful pilot testing program at Cushman & Wakefield properties, which manage over 33 million square feet of commercial space. The technology's efficacy has been validated by the US Navy, enhancing its market credibility. FOMO CORP. anticipates generating annuitized revenues through this 'as a Service' model, which may significantly benefit shareholders.
- Strategic alliance with GNW Technologies enhances market credibility.
- Successful pilot program at Cushman & Wakefield properties.
- Technology efficacy validated by US Navy.
- Potential for annuitized revenue growth through as a Service model.
- None.
Chicago IL, June 03, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com - US OTC: FOMC) is pleased to announce that its acquisition target, SmartGuard-Solutions LLC (SGS-https://www.smartguard-solutions.com) has entered into a strategic, revenue sharing alliance with GNW Technologies LLC (dba Cyberclean Systems) of North Chesterfield, Virginia (Cyberclean- https://cybercleansystems.com) to jointly market and finance SGS’s air disinfecting, UV-C light fan.
Cyberclean is a technology-focused company and is a pioneer in the integration of autonomous mobile robots in the workplace with more than 1,000 robotic deployments for major companies in 2020. It has a diverse group of clients which includes, among others, large hospitals, universities, schools, and property management companies. At the onset of the COVID-19 pandemic, Cyberclean began its commercial disinfecting services with the introduction of the SmartGuard disinfecting autonomous mobile robot.
Most recently, Cyberclean expanded its disinfection services by offering SGS’s air disinfecting UV-C light fan in a pilot test program at Cushman & Wakefield | Thalhimer (Thalhimer) properties. Thalhimer manages over 33 million square feet of commercial space in Virginia and South Carolina. With successful initial results, Thalhimer has begun to introduce its major tenants to SGS’s UV-C light fan as it sees the need to reopen client facilities in an environment that safely protects client employees and visitors to their premises.
Charles W. (Buck) Ward, Cyberclean’s Founder and CEO, stated: “We are excited to partner with SGS and its air disinfecting UV-C light fan. The validation of the efficacy of the fan’s technology by the US Navy sets SGS apart from all the competition that we have seen, and, as a result, we are accelerating its introduction to all our clients. This is a product whose time has come”
Bill Butler, SGS’s CEO, commented: “We are pleased to announce our relationship with Cyberclean which understands our unique technology and how it can provide and even enhance protection in the workplace environment. We see the sales momentum building through the Thalhimer initiative and other client initiatives being undertaken by Cyberclean. Additionally, as a fintech company, we also look forward to the potential future collaboration with Cyberclean in robotics to develop a Robots as a Service (RaaS) business”.
Vik Grover, FOMO CORP. CEO, added: “The Cyberclean connection is an important marketing step for SGS as its air disinfecting fan can now be presented to clients by a technology savvy sales team. With SGS’s as a Service business model, we continue to see enormous potential to develop a continuing stream of annuitized-type revenues which will benefit FOMO shareholders”.
About FOMO CORP.
FOMO CORP. (https://www.fomoworldwide.com) is a publicly traded company focused on business incubation and acceleration. The Company invests in and advises emerging companies aligned with a growth mandate. FOMO is developing direct investment and affiliations - majority- and minority-owned as well as in joint venture formats - that afford targets access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.
Forward Looking Statements:
Statements in this press release about our future expectations, including without limitation, the likelihood that FOMO CORP. will be able to meet minimum sales expectations, be successful and profitable in the market, bring significant value to FOMO CORP.’s stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. FOMO’s business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing. No information in this press release should be construed in any form shape or manner as an indication of the Company’s future revenues, financial condition, or stock price.
Contacts:
Wayman Baker, PhD
EVP Corporate Development and Investor Relations
FOMO CORP.
630-286-9560
ir@fomoworldwide.com
https://www.fomoworldwide.com/
Dwain Schenck
Media Contact
203-223-5230
dwain@schenckstrategies.com
www.schenckstrategies.com
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FAQ
What is the purpose of FOMO CORP.'s acquisition of SmartGuard-Solutions?
What is the impact of the pilot program initiated by FOMO CORP.?
What are the expected future revenues for FOMO CORP. after the partnership?
What differentiates SGS's UV-C light fan in the market?
What companies are involved in the new revenue-sharing alliance?
