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So you can tell someone is drunk because they give short answers?
Ewww
$FOMC oversold big buys coming in.
$FOMC loading.
It’s gonna run. Load em while they cheap.
We beat out 19 other vendors for US navy contracts and had a 12 billion dollar fund buy our stock yesterday. I’ll be surprised if we aren’t up 20-30% today
Very true.
That’s some good funding
And just locked down US NAVY contracts
Sale price of .005 mean 20% minimum tomorrow
No he’s not lol
You don’t know the terms
Debatable when it’s for straight cash. It’s not some executive bonus
A fund willing to buy 4 million$ worth of stock is a bad thing? Lol beat it then
This is going to open a lot of doors imo
SGS beat out 19 other vendors for the Navy that’s pretty huge!
Chicago IL, May 24, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com - US OTC: FOMC) is pleased to announce that its acquisition target, SmartGuard-Solutions LLC (SGS - https://smartguard-solutions.com), has been advised that the U.S. Navy has qualified the SGS air disinfecting UV-C light fan for a NON-COMPETITIVE BID AND PROCUREMENT PROCESS. Furthermore, the U.S. Navy views the fan as a “unique or highly specialized” product and that SGS is the only source for procurement of this product. SGS was further advised that, in the vetting process, SGS’s fan was compared with 19 other vendors supplying products similar to that of the SGS fan and that SGS prevailed on the basis of superior specifications, efficacy of performance and pricing.
The U.S. Navy has been purchasing SGS’s air disinfecting UV-C light fan since early 2021. This fan eliminates/deactivates indoor airborne pathogens causing the COVID-19 virus as well as other viruses plus all odors. Other clients using the fan include U.S. government agencies, airports, schools, universities, major property managers and hospitality companies, among others. With the recent CDC announcement that COVID-19 spreads primarily through air particles within enclosed settings, SGS believes it is well positioned to participate in the growth of the disinfection market.
Bill Butler, SmartGuard-Solutions CEO, commented: “This classification validates SGS’s market position, and combined with our financing capability creates, in our view, a significant sales opportunity with potential annuitized revenues particularly with respect to schools, universities and office buildings as the U.S. economy emerges from the COVID shutdown.”
Vik Grover, FOMO’s CEO, added: “SGS’s UV-C light fan is a truly unique product and when offered in conjunction with the SGS as-a-Service business model, clients will be presented with a compelling value proposition. We believe our stockholders will be well served with the expected returns from our investment in SGS.”
Major manipulation going on
Every crypto trading in sync. That’s a little weird.
The gov has come for their pound of flesh
Granted he’s already a multimillionaire though
Just washing out the weak hands
Got a nice chunk of change on GTC to load more NCU
Still holding over half a mill
Whiskey time
Epic volume
There is no dilution but think whatever you want
There is no dilution.
This was a heck of a drop impressive
They always do!
Well this seems like normal trading
Too good
That’s quite the report :/
Doge has held up the best of all the coins from its lows.
You can just click hide intro I do that for most boards anyways
We are ripe for a big squeeze north
Sure does it don’t take much
100% it will.
PALA pretty much owns it already. They’ve invested a lot
FOMO CORP. AGREES TO INVEST IN SMARTGUARD’S DISINFECTION UNIT
May 14, 2021 11:20 ET
| Source: FOMO CORP.
Chicago IL, May 14, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com - US OTC: FOMC) is pleased to announce it has signed a definitive agreement to acquire a 19.99% interest in SmartGuard-Solutions LLC (“SGS”). SGS markets and finances a suite of disinfection products (https://smartguard-solutions.com), spearheaded by its air disinfecting UV light fan. With institutional capital backing its product offerings, SGS intends to position itself as a leading player in the safe re-opening of U.S. businesses, institutions and federal agencies and state governments emerging from the COVID-19 pandemic.
SmartGuard-Solutions is marketing disinfection products with its own outreach and is negotiating joint marketing and sales agreements with several national maintenance and commercial real estate companies gaining time to market and scale advantages and extending its footprint throughout the country. The centerpiece of these marketing efforts is the offering of various types of Disinfection as a Service (“DaaS”) models to clients using funding that has been provided to SGS by institutional investors. SGS believes that these marketing efforts will fuel the growth of “as a Service” models which will provide short-term revenue and eliminate CapEx needs for its clients while, at the same time, provide the opportunity to generate long-term, annuity-type revenues. Such a recurring revenue model provides visibility to future revenues and cashflows and mirrors the strategy employed by SmartGuard Energy (https://smartguard-energy.com), also under definitive agreement for sale to FOMO.
SGS’s UV light products comply with all regulatory standards including those issued by the CDC and EPA. As previously announced, after extensive vetting, the U.S. Navy is currently purchasing and deploying SGS’s disinfecting UV light fans. Other clients using these fans include U.S. government agencies, airports, schools, universities, major property managers and hospitality companies, among others. With the recent CDC announcement that COVID-19 spreads primarily through air particles within enclosed settings, SGS believes it is well positioned to participate in the growth of the disinfection market.
Bill Butler, CEO of SmartGuard-Solutions, stated: “One of the major effects of the COVID-19 pandemic will be the heightened need for continuing air and surface disinfection well into the foreseeable future. We intend to be major players in this emerging market through our association with FOMO and the development of creative disinfection products and financing offerings which will allow us to capture a stream of long-term and continuing revenues.”
Vik Grover, FOMO CEO, commented: “SmartGuard-Solutions is a fintech company operating in high growth high margin businesses. When we revitalized FOMO, we envisioned adding SmartGuard-type companies to our portfolio to provide a path to highly profitable, recurring revenues that drive a premium public company valuation rather than a low multiple based on one-off product sales. We are excited to have agreed to acquire this interest and purchase option in SmartGuard-Solutions, which I believe will reap significant benefits for our shareholders. We intend to continue consolidating the clean tech market in the areas of smart lighting, disinfection, energy management, and professional audit/design services with a longer-term goal of entering the Internet of Things (“IoT”) and autonomous vehicle disinfection and controls markets among other verticals. As businesses and schools reopen, our company-owned and acquisition channels are demanding Indoor Air Quality (“IAQ”) solutions for the workplace. Against this backdrop, our opportunity continues to be strong in the COVID economy.”
To acquire its interest in SGS, FOMO has agreed to pay its owners $2.5 million in cash, provide a note to the sellers in the amount of $2.5 million, and issue one million Series B Preferred shares. The total value of this transaction is approximately $10 million based on current market prices. As part the definitive agreement, FOMO obtains an 18-month option to acquire majority control (51%) and ultimately 100% control of SGS, subject to independent valuation of SGS at the time of purchase. The closing deadline for the SGS and SGE transactions is June 30, 2021, though there can be no assurances.
https://www.globenewswire.com/news-release/2021/05/14/2230077/0/en/FOMO-CORP-AGREES-TO-INVEST-IN-SMARTGUARD-S-DISINFECTION-UNIT.html