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Fomo Worldwide, Inc. (FOMC) delivers innovative technology solutions focused on sustainability and operational efficiency across industries. This news hub provides authorized updates directly from corporate communications, offering stakeholders timely insights into the company's strategic direction.
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FOMO CORP. (US OTC: FOMC) announced its subsidiary, FOMO ADVISORS LLC, has been engaged by Homeland Resources Ltd. (US OTC: HMLA) to address SEC compliance and explore strategic mergers. FOMO CORP. has entered an exclusive agreement with HMLA until September 30, 2021, to consider merging its cannabis media subsidiary, KANAB CORP., into HMLA. CEO Vik Grover was appointed as the sole Director and CEO of HMLA. The merger aims to boost Kanab Club's valuation, leveraging the growing cannabis market.
FOMO CORP. has successfully launched the beta phase of its cannabis health and wellness social network, kanab.club, after two years of development. The site is now available globally, with a full commercial launch planned for this summer. Key improvements include enhanced performance, mobile optimization, and new features for user interaction. CEO Vik Grover emphasized the potential market for cannabis users as states legalize marijuana, suggesting a unique niche for the platform. Registered users will receive lifetime perks post-beta.
FOMO CORP. announced a $260,000 LED lighting contract for a 180,000 square foot facility in Luzerne County, PA, through its subsidiary, Energy Intelligence Center LLC (EIC). Additionally, EIC secured a $35,442 order for HVAC energy optimization services at four beverage distribution centers for a major brewery. CEO Vik Grover highlighted these developments as part of the company’s strategy to attract new customers and deliver shareholder value as the clean-technology market revives post-COVID-19.
FOMO CORP. has announced a strategic revenue-sharing alliance with Elite Building Services to promote SmartGuard-Solutions LLC's UV-C light air disinfecting fan. This partnership aims to leverage Elite's extensive client base to enhance marketing efforts. Elite, a woman-owned company, operates across 14 states, offering cleaning services amidst the COVID-19 pandemic. Both companies expect this collaboration to shorten the sales cycle and improve return on investment, as the demand for air sanitization increases.
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.
FOMO Corp. announced a strategic revenue-sharing alliance with Cyberclean Systems to market the SmartGuard air disinfecting UV-C light fan. The partnership comes as Cyberclean tests the fan at Cushman & Wakefield properties, which manage over 33 million square feet. Initial results have prompted the introduction of the technology to major tenants. Cyberclean's founder emphasized the efficacy of the fan, validated by the US Navy. FOMO's CEO noted that this connection enhances marketing potential and may lead to a lucrative Robots as a Service model.
FOMO CORP. has entered a common stock purchase agreement with Triton Funds LP for an aggregate value of $4,000,000, contingent on SEC registration. The funds will support the acquisition of LED Funding IV LLC and Lux Solutions LLC. Both acquisitions are part of a broader strategy to enhance FOMO's clean-tech and energy sustainability portfolio. CEO Vik Grover emphasized the significance of this partnership, while Triton expressed excitement over joining forces to advance FOMO’s ambitious vision. The company aims to leverage this funding for future growth and expansion.
FOMO Corp has announced its acquisition of SmartGuard-Solutions LLC (SGS), whose air disinfecting UV-C light fan has been qualified by the U.S. Navy for a non-competitive bid. SGS's product surpassed 19 competitors in specifications and pricing. The fan, effective against COVID-19 and other pathogens, has seen early purchases from various government agencies and industries. The acquisition is expected to enhance FOMO's market presence, leveraging SGS's unique product offerings as the demand for disinfection solutions grows post-COVID.
FOMO CORP. (FOMC) has signed a definitive agreement to acquire a 19.99% stake in SmartGuard-Solutions LLC (SGS), which offers disinfection products including a UV light fan. The acquisition is aimed at capitalizing on the increasing need for air and surface disinfection in the wake of COVID-19. FOMO will pay $2.5 million in cash and issue one million Series B Preferred shares, valuing the deal at approximately $10 million. FOMO has an 18-month option to acquire majority control. Both companies are gearing towards growth in the disinfection market with recurring revenue models.
FOMO CORP. (OTC: FOMC) has announced key leadership appointments to strengthen Purge Virus, LLC's marketing and communications as it targets the clean-tech market. Charlie Szoradi is appointed Chief Technology Officer (CTO), leveraging his extensive experience in sustainability, while John Conklin takes on the role of Chief Executive Operating Officer (CEOO). Both leaders aim to enhance partnerships and drive sales within Purge Virus, Independence LED, and the Energy Intelligence Center, positioning FOMO CORP. at the forefront of the clean technology sector.
