Welcome to our dedicated page for Fomo Worldwide news (Ticker: FOMC), a resource for investors and traders seeking the latest updates and insights on Fomo Worldwide stock.
Fomo Worldwide, Inc. (symbol: FOMC) is an innovative company that focuses on developing and integrating advanced technologies to create smart solutions. The company’s core business involves providing state-of-the-art products and services designed to enhance efficiency and sustainability across various industries. Fomo Worldwide is committed to leveraging cutting-edge technology to offer robust and scalable solutions that meet the evolving needs of its clients.
One of the company's notable projects includes CLEANSolution Technologies, which aims to deliver effective solutions for environmental management. This initiative highlights Fomo Worldwide’s dedication to promoting cleaner and greener environments through advanced technology. The company has also formed strategic partnerships to bolster its market presence and expand its service offerings.
Financially, Fomo Worldwide maintains a strong and stable position, consistently reporting positive growth and revenue. The company’s strategic investments and continuous innovation have contributed to its robust financial health. With a clear focus on sustainability and efficiency, Fomo Worldwide aims to remain at the forefront of technological advancements.
The latest news about the company often includes updates on new partnerships, project developments, and financial performance. For more detailed information or investor relations inquiries, the company can be contacted at (630) 708-0750 or via email at IR@fomoworldwide.com.
FOMO CORP. has officially acquired SMARTSolution Technologies as of Feb. 28, 2022, finalizing all required documentation. CEO Vik Grover expressed optimism about new opportunities arising from this agreement, while SST CEO Mitchell Schwartz highlighted the potential to expand their audiovisual business nationally. FOMO CORP. focuses on incubating and accelerating businesses, providing them access to public markets for growth capital. The acquisition is expected to enhance market reach, although FOMO's future success remains uncertain due to potential risks and financing challenges.
FOMO Corp. has released its February newsletter, highlighting advancements in clean building technologies and audio/video integration. The company will exhibit at the Pennsylvania Educational Technology Expo & Conference on February 7-8, showcasing its UV disinfection robots. Innovative products include the PureAir 750 air purification device and the wearable PureAir Personal purifier, aimed at improving air quality. FOMO Corp. emphasizes a strong social media strategy to engage with stakeholders.
FOMO CORP. (OTC: FOMC) reports a 160% increase in sales for 2021, driven by contracts worth $8.4 million with SMARTSolution Technologies (SST). As of December 31, 2021, $4.8 million of these contracts have been closed, with the remaining $3.6 million expected to close in Q1 2022. SST has implemented 1,546 interactive displays in over 150 school districts in Pennsylvania and Ohio. The company attributes its growth to strategic planning and partnerships, despite challenges posed by the COVID pandemic.
FOMO CORP. (US OTC: FOMC) has announced its subsidiary IAQ Technologies and Energy Intelligence Center will resell UV Disinfection Robots through multi-year contracts. These robots, developed after extensive R&D, target health and safety initiatives, particularly in response to COVID-19. The new business unit, FOMO ROBOTICS, aims to enhance workplace cleanliness and safety. The company plans to showcase its technology at the upcoming PETE&C forum in February 2022, highlighting its applications in various sectors including education and healthcare.
FOMO CORP. (US OTC: FOMC) announced a $1 million non-dilutive financing deal with an institutional investor to facilitate the acquisition of SMARTSolution Technology Inc. (SST). The agreement includes issuing one million Series B Preferred shares and three hundred million stock options for employees. The funding will refinance existing debt and support growth initiatives, as SST has significant contracts lined up for Q1 2022 in the educational sector. This acquisition aligns with FOMO's strategy to integrate clean air, smart lighting, and HVAC solutions across its business units.
FOMO CORP. has signed a definitive agreement to acquire SMARTSolution Technologies, Inc. (SST), a leading audio-visual systems integration company. Based in Pittsburgh, SST has extensive experience in educational technology, offering solutions for K12, universities, and enterprises. This acquisition aims to expand FOMO's reach beyond Pennsylvania, West Virginia, and Ohio.
SST currently holds a $2.5 million backlog of contracts expected to close in Q1 2022, supported by federal stimulus funding. FOMO plans to leverage synergies between its existing solutions and SST's customer base.
FOMO CORP. has announced a partnership between its subsidiary, Energy Intelligence Center LLC, and Energy Cloud S.A.C., a clean tech solution provider based in Peru. This collaboration aims to enhance energy efficiency and automation systems across various sectors in Latin America and the U.S. Both companies are optimistic about significant growth opportunities in the energy market, highlighted by EnergyCloud's experience in delivering energy savings across diverse clients. The partnership is positioned to leverage combined technologies and services, potentially boosting FOMO's market presence.
FOMO CORP. (FOMC) announced notable appointments to its Advisory Board aimed at enhancing corporate growth and operations. New members include John Conklin, William Butler, Shamira Jaffer, and Roderick Martin, each bringing extensive industry experience in energy and technology sectors. CEO Vik Grover expressed optimism about these additions, highlighting their potential to guide the company through future initiatives and M&A targets. FOMO aims to strengthen its leadership as it focuses on clean air technologies and energy management solutions.
FOMO CORP. (US OTC: FOMC) announced its November Newsletter, outlining progress in its "eco-system" aimed at creating energy-efficient buildings. Key highlights include the launch of new websites for IAQ Technologies and the Energy Intelligence Center, customer engagement initiatives, and updates on innovative products, including energy optimization devices that provide 10%-15% energy savings. The partnership with Jordan Energy aims to enhance energy management services and renewable solutions. A webinar on safe and efficient buildings is scheduled for November 18, 2021.
FOMO CORP. announces a Partnership Agreement with Jordan Energy & Food Enterprises to enhance renewable energy offerings.
The collaboration aims to provide comprehensive energy management services and customized solar energy systems to customers, enhancing their energy efficiency.
FOMO’s CEO highlighted the significant business opportunities, particularly in California, as the state mandates solar technology in new constructions. This strategic alliance is expected to catalyze growth and complements FOMO's pending acquisitions of Lux Solutions and LEDF, enhancing their offerings in the renewable energy market.
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