Fomo Worldwide, Inc. - FOMC STOCK NEWS

FOMO CORP. announced the start of a pilot program with SmartGuard Energy to install energy-efficient refrigeration technology in over 400 retail stores across the Southwest U.S. This initiative is projected to generate over $10 million in revenue. FOMO is acquiring a 40% stake in LED Funding IV LLC and Lux Solutions LLC, with plans to fully acquire both. The pilot program is expected to conclude before Thanksgiving, and if successful, will be expanded across all store locations.

FOMO CORP. (OTC: FOMC) announced the completion of an energy efficiency project through its subsidiary, the Energy Intelligence Center (EIC), for NEXII's NEXUS-1 manufacturing plant in Pennsylvania. The project involves installing an LED lighting system projected to save $51,574 annually and reduce carbon dioxide emissions by 939,059 lbs. Over 10 years, total savings could reach $902,540. EIC is also developing a similar strategy for a new facility in Texas that is expected to create 200 jobs.

FOMO CORP. has provided an update regarding its acquisition of SmartGuard Energy in Puerto Rico, where it will manage LED Funding IV and Lux Solutions. Following the lifting of COVID-19 restrictions, senior PR officials authorized energy efficiency upgrades for government buildings. The project includes updating previous audits and exploring financing options using stimulus funds from Hurricane Maria. FOMO anticipates significant business opportunities, predicting a decade of revenue generation through its as-a-Service model and a current order book valued at $30 million.

FOMO CORP. has acquired a 40% stake in SmartGuard Energy for approximately $9.2 million. SGE will become a wholly-owned subsidiary of FOMO, combining operations with LED Funding IV and Lux Solutions. This strategic move is expected to position FOMO to leverage significant government and private sector funding in the renewable energy sector. SGE boasts a robust sales pipeline with over 200 projects projected to generate more than $30 million in gross revenue. FOMO's CEO expressed confidence in acquiring the remaining 60% interest in SGE soon.

FOMO CORP. (FOMC) has launched a monthly newsletter to communicate advancements in its clean tech initiatives, aimed at supporting the economic reopening. Highlights include the introduction of the IntelliHVAC technology, promising 20-50% energy savings, and significant contracts amounting to over $330,000 for air disinfection devices. The company is also expanding its international reach, with an order from the UK. The Energy Intelligence Center reported a 57% reduction in peak-hour electricity demand at Chelsea Piers, translating to yearly savings of approximately $53,000.

FOMO CORP. (US OTC: FOMC) reported a 40% increase in sales to over $330,000 for the period from June 1 to September 10, 2021, compared to the previous five months. The company’s subsidiaries, Energy Intelligence Center LLC and Purge Virus, LLC, contributed to this growth. Notably, total proposals in September exceeded $1.4 million. FOMO CORP. is focused on enhancing profitability and growth while rebranding Purge Virus as IAQ Technologies, LLC, emphasizing indoor air quality solutions. The company continues to pursue sales targets and operational improvements.

FOMO CORP. (OTC: FOMC) is advancing its acquisition of SmartGuard Energy (SGE) as outlined in a recent SEC Form 8-K. The due diligence process reveals SGE's profitability, skilled leadership, and a strong sales funnel, indicating significant growth potential for FOMO CORP. Following the acquisition, anticipated revenues from ongoing LED lighting and energy management projects could positively impact FOMO’s financial statements. The closing date for this transaction has been extended to October 31, 2021, while discussions with institutional investors for financing continue.

On August 16, 2021, FOMO CORP. (OTC: FOMC) announced a Letter of Intent to acquire SMARTSolution Technologies Inc. (SST). Operating as a wholly owned subsidiary, SST specializes in interactive communication tools for educational institutions, corporations, and healthcare facilities. The deal, expected to close by the end of September 2021, includes the issuance of 1 million Series B Preferred shares and the assumption of SST’s bank debt. The acquisition aims to expand FOMO's reach in the EdTech sector and enhance product offerings for existing clients.

FOMO Corp. (OTC: FOMC) announces the addition of Retired Senator Gerald Dial to its Advisory Board. Dial, former Chair of the Senate Health Committee, will enhance FOMO’s efforts through its subsidiary Purge Virus, LLC, now rebranded as IAQ Technologies. The partnership aims to combat COVID-19's Delta variant, especially in the southern U.S. Senator Dial emphasizes the potential synergy between his advisory role and the adoption of advanced air disinfection technologies to improve indoor air quality and public health.