UPDATED - FOMO CORP. CANCELS REVERSE SPLIT.

Rhea-AI Summary

FOMO CORP. (OTC: FOMC) has decided to cancel its previously announced reverse split approval from February 1, 2022. This decision comes as the company aims to uplist to a higher exchange in the upcoming months. FOMO CORP. is focused on business incubation and acceleration, investing in and advising emerging companies. The firm develops both majority and minority-owned investments, as well as joint ventures, to provide targets access to public markets for expansion capital.

Positive

• Cancellation of the reverse split approval may restore investor confidence.
• Plans to uplist to a higher exchange could enhance visibility and accessibility.

Negative

• Lack of details regarding financial metrics or current revenue.
• No guarantee that the company will successfully secure financing or complete acquisitions.

Chicago, IL, March 03, 2022 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com/ - US OTC: FOMC) board has canceled the reverse split approval that was announced February 1^st, 2022. FOMO’s goal in the next coming months is to uplist to a higher exchange. We are looking forward with eager anticipation to what the coming months hold. Stay tuned.

About FOMO CORP.

FOMO CORP. 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.

About SMARTSolution Technologies

SMARTSolution Technologies, is a Pittsburgh, PA–based audiovisual systems integration company that designs and builds presentation, teleconferencing and collaborative systems for businesses, education and nonprofits.

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. Additionally, although the Company has announced letters of intent to acquire additional companies, there is absolutely no assurances that any such transactions will result in a completed acquisition. 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.

Contact:

FOMO CORP.
Madison Ryan
VP Investor Relations
(386) 287-6950
ir@fomoworldwide.com

SMARTSolution Technology
Mitchell Schwartz, CEO
Mitchell.Schwartz@smarterguys.com
www.smarterguys.com

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/fomo-corp
Twitter: https://twitter.com/FOMO_CORP
Instagram: https://www.instagram.com/fomo_corp/
Facebook: https://www.facebook.com/IR.FOMO/
Discord: https://discord.gg/yqGGYzwJmB

FAQ

What is the significance of FOMO CORP. canceling the reverse split approval on March 3, 2022?

The cancellation may restore investor confidence and indicate a strategic shift towards uplisting.

What are FOMO CORP.'s plans for uplisting after canceling the reverse split?

FOMO aims to uplist to a higher exchange within the coming months.

How does FOMO CORP. plan to support its business growth?

The company focuses on business incubation, investing in and advising emerging companies.

What does the cancellation of the reverse split mean for FOMO's investors?

It may indicate a more favorable outlook for share value retention and potential growth.

What risks does FOMO CORP. face as it seeks to uplist?

The company faces risks related to securing adequate financing and the success of potential acquisitions.