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“Sales for the June 1st – September 10th period is valued at over $330,000, representing over 40% increase in sales when compared to the January 1st – May 31st period. These record sales were achieved in a shorter period of time and exceeds our prior period sales by more than 15%; we are delighted with our operations and sales success” stated Vik Grover, CEO, FOMO CORP. “Total proposals in September alone are over $1.4 million. We are once again raising our sales bar while working on achieving profitability and growth”
NEXT WEEK $$$$$$ FOMC $$$$$
BOOM TIME !
Baby steps…..I’d love to see this get back to last March-April PPS. When We hit 2-3 cents…
$$$$ NEXT WEEK $$$$
Up we go….$$$$ from here
It’s looking good today $$$$ FOMC $$$$
Boom time coming $$$ Fall is near $$$
Looks like a lender has been liquidating shares for a while now! When will this be over so we can move up? Load the cheapies because a run will come soon ! IMO
Well - I hope he feels better. It don’t look too good for the guy who markets tee shirts, plastic stickers and anti-virus equipment to get the virus. Maybe he should of had one of those UV items in his “tricked out” Tesla.
What a joke! He should step down immediately!
Do nothing Charlie is here - https://purgevirus.com/wp-content/uploads/2020/10/Charlie-Szoradi-1.png
Well Charlie should drive that stupid Tesla with purge stickers on it to some place and get some contracts with revenue flowing. The problem IMO is that he is likely an idiot savant. Get to work Charlie! All talk and no action is Charlie.
Vik is not the weak link IMO. Charlie needs to step up.
Charlie needs to step up to the plate and get some solid contracts coming! He appears to be a weak link in this chain!
IMO
Whose saying this ? Vik ?
GO FOMC $$$$$$ Blessed be The Fall !
Green Day $$$$$
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FOMO CORP. UPDATES DUE DILIGENCE ON SMARTGUARD ENERGY DEAL
August 24, 2021 11:33 ET
| Source: FOMO CORP.
Chicago, IL, Aug. 24, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (OTC: FOMC) is updating investors on its due diligence for the acquisition of SmartGuard Energy (SGE - https://smartguard-energy.com/). A summary of the due diligence was published on August 23, 2021, via an SEC Form 8-K. Supporting documentation for the 8-K summary may be obtained by executing a non-disclosure agreement.
Background
SGE has two entities – LEDF IV and Lux Solutions;
LEDF IV and Lux are managed separately but work closely as a team;
LEDF I, II, and III are part of the successful LEDF legacy, but are separately owned and not part of the SGE acquisition;
LEDF IV has its own sales team and generates its own energy deals, such as with Stein Mart, CitiTrends, and many other leading companies;
In the U.S., Lux provides lighting, energy audits, and energy management products & services; LEDF IV provides financing for the Lux clients that require it;
In Puerto Rico (PR), LEDF IV provides financing for the clients of ESCOPR, the largest energy services company in Puerto Rico. SGE has had a long and productive relationship with ESCOPR.
Summary of Findings
Based on our due diligence and the substantial documentation provided by SmartGuard to FOMO CORP., we have determined that:
SGE (LEDF IV + Lux) is a profitable organization;
SGE has an exceptionally talented leadership team;
SGE has a robust sales funnel;
The SGE acquisition is a sizable opportunity for FOMO CORP., especially given the large amount of funding available in LED lighting, energy management, and clean energy; and,
Upon completion of the acquisition, FOMO would potentially accrue revenue from current LEDF IV and Lux projects which may be reported on the FOMO 3rd quarter 10-Q, and the FOMO financials would potentially be enhanced.
Highlights for Lux
? Total LED Project Opportunities for Lux 163
Total Project Value $ 15,571,775.00
Weighted Project Value $ 7,105,475.00
? Total Energy Services Opportunities for Lux 41
Total Project Value $ 8,329,125.00
Weighted Project Value $ 1,860,000.00
? Total Combined Opportunities 204*
Total Potential Project Value $ 23,900,900.00
Weighted Potential Project Value $ 8,965,475.00
*Does not include stream of annuitized revenues that LEDF can structure for some of the Lux projects.
Highlights for LEDF IV
The LEDF IV As-a-Service model which is expected to be applied to the Claro Projects in Puerto Rico (and elsewhere), is projected to provide 10-year annuitized revenue of $2.8MM. An additional Puerto Rico project referred to as the “PR Treasury and & Lottery Buildings” project is projected to provide an additional $1.4MM of annuitized revenue over 10 years for a total annuitized revenue stream of $4.2MM for just these projects. There are many other opportunities under various stages of negotiation.
Other SmartGuard News
The As-a-Service model is also being offered by SmartGuard’s disinfection business (SmartGuard Solutions – SGS - https://smartguard-solutions.com/) to clients who want to improve their indoor air quality (IAQ). With the spike in COVID from the Delta variant, IAQ has become a critical issue for students returning to school and people returning to work. The SGS UV-C fan, which is being sold to the U.S. Navy under a non-compete bidding status, has helped to streamline the process and UV-C fans are now being sold in San Diego, Guam and Hawaii. In addition, SGS has received an initial order from a large publicly traded REIT on the west coast with over 24MM square feet of commercial office space. The revenue from that order alone using the As-a-Service model would potentially generate over $1MM in revenue over the next four years. The REIT intends to deploy the UV-C fan in the rest of their office space in the U.S. SGS expects its business to continue to grow as IAQ is increasingly important to reduce the spread of COVID and other pathogens.
William Butler, CEO of SmartGuard, commented: “We look forward to joining FOMO at this most opportune time. With the new emphasis on energy management and clean tech and the continued threat of COVID, SmartGuard has experienced a substantial increase in its business in the past several months. Once the SGE acquisition has been completed, our revenues would be reported in the FOMO financial statements which would benefit FOMO shareholders.”
Said Vik Grover, FOMO CORP. CEO: “I look forward to completing the acquisition of SGE having executed a thorough due diligence process. While we finalize our analysis, we can see that SGE has a profitable business with an excellent sales funnel. This can create upside for FOMO shareholders. We are extending the closing date to October 31, 2021 under mutual agreement and in discussions with institutional investors to finance this transaction and others underway.”
About FOMO CORP.
FOMO CORP. (https://www.fomoworldwide.com/) 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.
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
Upon completion of the acquisition, FOMO would potentially accrue revenue from current LEDF IV and Lux projects which may be reported on the FOMO 3rd quarter 10-Q, and the FOMO financials would potentially be enhanced.
$$$$ 2022FOMC $$$$$
Revenues for 2022 $$$$$$$
Chicago, IL, Aug. 16, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (OTC: FOMC) has signed a Letter of Intent (“LOI”) to acquire SMARTSolution Technologies Inc. (SST - https://smarterguys.com/ ). The business will operate as a wholly owned subsidiary of FOMO and keep its name and brand in addition to its current HQ in Pittsburgh, PA. The transaction is expected to be completed by end of September 2021, subject to signing a Definitive Agreement and refinancing of SST’s bank debt of several hundred thousand dollars.
https://www.bakersfield.com/ap/news/fomo-signs-loi-to-acquire-smartsolution-technologies/article_500c8542-a594-5671-9719-5d5740ebd440.html
SST is a well-established provider of interactive communication tools and related IT systems to schools and colleges, as well as to corporations and healthcare institutions including hospitals and clinics for telemedicine. SST designs and builds advanced audio-visual enabled conference rooms, training rooms, and classrooms. The Company also provides professional audio-visual equipment, installation and related-IT integration, as well as follow-up maintenance and support services.
Some of the capabilities of SST include collaborative technologies, sharing information over multiple devices and multiple locations, interactive meeting tools, audio systems for group sharing, digital signage, the latest audio and visual technologies, videoconferencing, and interactive meeting technologies, including white boards. In addition to SST’s growing clients in the corporate and healthcare sectors, the company’s current largest client-base also includes over 150 school districts located in Pennsylvania and the neighboring Mid-Atlantic states.
In brief, SST is well-positioned to capitalize on the growing demand for remote communication technologies coupled with advanced teaching (i.e., "EdTech") tools such as its line of digital boards for schools and colleges in the current and post-COVID environment. Additional add-on acquisitions are planned to complement SST’s product line and to aggressively expand geographically in the coming months.
Under the LOI, the terms of the offer include the issuance of one million (1,0000,000) Series B Preferred shares, three hundred million (300,000,000) common stock purchase warrants struck at $0.02, and the assumption of several hundred thousand dollars in bank debt. FOMO is currently in discussions with commercial lenders, family offices, and institutional investors for financial backing. An accelerated due diligence effort is underway with an on-site review and analysis scheduled for August 25, 2021.
Both SST and FOMO management see a significant opportunity for expansion and plan to form an “EdTech” division in FOMO with like acquisitions, grow SST organically in additional markets, and cross-sell clean air, lighting, robots as a service (“RaaS”), energy management, and broadband to SST’s existing and future customers.
Mitchell Schwartz, current CEO & Founder of SST added: "I look forward to SST's joining FOMO's expanding family of "tech-driven" firms. This transaction also allows SST to gain access to additional capital to accelerate its growth by beefing-up its sales & marketing resources, pursuing complementary acquisitions, and capitalizing on cross-selling opportunities within FOMO's family of companies. For SST's dedicated staff, the transaction will expand career opportunities, and for our clients including more than 150 school-districts in the Mid-Atlantic, this will offer them access to broadened and innovative products & services from SST and FOMO's family of companies covering Ed-Tech, Energy Efficiency and Safety solutions for buildings. In brief, I couldn't be more thrilled by this pending "win-win-win" combination of SST and FOMO".
Vik Grover, CEO of FOMO CORP., stated: “This accretive acquisition nicely complements and significantly broadens its portfolio of companies and planned acquisitions in the clean-tech arena and should provide good value to FOMO shareholders. I am extremely pleased with the opportunity to acquire SST”.
Volume precedes price …..
BIG THINGS HAPPENING HERE ! ! ! ! ! ! GET READY FOR 2022 IMO MEGA RUN $$$$$$$$
I care too !!!!
Go FOMO $$$$. BREAKOUT COMING
Agreed you are correct
Sylios did the RS and broke off GCANT. Sylios share holders got GCANT Shares.
Great day to load the boat $$$$ FOMC $$$$
You got it pal!!! I’ll gobble them up and clear the way for you my friend $$$$$ cabbage for everyone $$$$$
LOL so true!
Loading zone $$$$$
Keep loading to average down....$$$$$$
If they are selling there’s obviously someone buying. Great place to Average down IMO. 2022 FOMO $$$$
Pandemic slowed down the sales of the soap scrubbies. Anderson is probably collecting pandemic unemployment with his feet up and the beach at St Petersburg in Florida. He is making more money on unemployment than he made as a foot doctor, oil lease grabber, Marina builder, cannabis machine builder, superstore operator, crypto miner (Amdaq) and tree equipment operator, soap scrubby salesman and or storage facilities operator. What a joke this is at 0.0001 and zero volume, websites are all down. Anderson is in his spider hole once again. IMO he is an embarrassment to his family and to his shareholders. He is probably traveling in a gypsy caravan as we speak.
Yeah, I thing RS needs to happen