Metro One Teleco - WOWI STOCK NEWS

Metro One Telecommunications, Inc. (OTC PINK: WOWI) announced a Non-Binding Term Sheet for a reverse merger with Inception XR Inc., a leading virtual reality tech company. Inception XR, founded in 2016, specializes in immersive educational content for K-6, healthcare, and corporate training. The merger is expected to close by the end of Q1 2024, with Inception XR's revenue projected at $4.8 million in 2023 and positive EBITDA. The combined valuation of Metro One after the reorganization and new capital raises will be approximately $65 million, with post-merger ownership split 25% to current Metro One stockholders and debtholders, and 75% to current and new Inception XR stockholders.

Metro One Telecommunications, Inc. announces a reverse stock split at a ratio of 1-for-75 and a share reduction from 600 million to 35 million authorized shares. The number of issued and outstanding common stock shares will be reduced from 273.7 million to 3.6 million. No fractional shares will be issued. Stockholders who would own less than 100 shares will have their ownership rounded up to exactly 100 shares.

Metro One Telecommunications (OTC PINK:WOWI) announced a strategic cooperation agreement between its subsidiary, Stratford Ltd., and Direct Accounting Management Ltd. (Invoice4U). This partnership allows Invoice4U to market the Shelf.io Mobile App Builder to its customer base, enhancing mobile commerce solutions. The agreement is expected to increase Shelf.io's market share while providing Invoice4U's customers with additional services. The collaboration will begin this month, capitalizing on Invoice4U's extensive client base of over 30,000 users. Both parties aim to leverage their technologies to drive engagement and sales.

Metro One Telecommunications, Inc. (OTC PINK:WOWI) announced that its Israeli subsidiary, Stratford Ltd., will showcase its patented mobile commerce product Shelfy.io at the Smart Retail Tech Expo in London from February 28 to March 1, 2023. Shelfy.io transforms online stores into native mobile apps without coding, enhancing shopping experiences and retail revenues. CEO Ami Bukris emphasized the platform's innovative technology, while VP Anat Basat highlighted its ease of use and customization. The event aims to connect retailers with digital innovations, positioning Shelfy.io as a powerful sales channel.

Metro One Telecommunications (WOWI) announced a partnership with Cardcom Ltd. to market the Shelfy.io Mobile App Builder. Starting January 2023, Stratford Ltd., Metro One's Israeli subsidiary, will license Shelfy to Cardcom, which will manage marketing and sales for its extensive customer base in exchange for commissions. This agreement aims to enhance customer engagement and drive sales for Cardcom's clients by leveraging Shelfy's mobile commerce platform, known for its user-friendly capabilities and patented technology.

Metro One Telecommunications (OTC PINK:WOWI) announced the appointment of Eyal Pinto, CPA, as the new Chief Financial Officer, effective December 22, 2022. Pinto, with over eight years of finance experience, previously served as Head of Finance for Pluri Inc. His role will involve overseeing financial strategy and operations at Metro One and its subsidiary, Stratford Ltd.. Pinto holds degrees in Economy and Business Administration and Accounting. His expertise is expected to enhance the company’s financial management and growth potential.

Metro One Telecommunications (OTC PINK: WOWI) announced the effectiveness of its Registration Statement filed on Form S-1, allowing the company to resume its public filings with the SEC. This move is aimed at increasing transparency to access capital markets for strategic execution. The company seeks to raise up to $12.6 million through the sale of common stock and warrants, although there is no guarantee on the amount sold. The funds will support operations, particularly the development of products by subsidiary Stratford Ltd..

Metro One Telecommunications, Inc. (OTC PINK:WOWI) announced the launch of its mobile commerce platform, Shelfy, for WooCommerce on the WordPress.ORG Plugins Store. This launch follows its prior release on the Shopify App Store in July 2022 and aims to enhance mobile shopping experiences for online retailers.

Shelfy, developed by Metro One's subsidiary Stratford Ltd., enables WooCommerce developers to create customized mobile apps easily, thus accelerating the development timeline. The platform aims to increase sales and customer engagement for businesses leveraging its capabilities.

Metro One Telecommunications (OTC Markets: WOWI) has announced that its subsidiary, Stratford Ltd., received approval to publish its mobile commerce platform, Shelfy.io, as a WooCommerce Plugin on WordPress.org. Shelfy allows users to create mobile apps from existing WooCommerce stores without coding. With over 5 million active WooCommerce installations, Shelfy gains access to a significant customer base. This patented platform enhances online shopping experiences and integrates with popular tools like Firebase and Google.