FOMO Worldwide Inc (IGOT)

[Pennyes]

FOMO CORP. REPORTS STRONG 1Q2022 NUMBERS AND PROJECTIONS

May 24, 2022 08:49 ET | Source: FOMO CORP.

Chicago, IL, May 24, 2022 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com/ - US OTC PINK: FOMC) announces the strong 1Q2022 numbers for SMARTSolution Technologies LP (SST).

On February 28, FOMO CORP purchased SMARTSolution Technologies LP (SST), and part of the acquisition was $3.5 million dollars of customer contracts in backlog. In March of 2022 SST closed approximately $600,000 of that backlog, while also signing an additional $1 million in customer contracts. During the period of April 1st to May 31st , SST closed $2 to $2.5 million in customer contracts and signed an additional $2 million in customer contracts. SST is expecting to sign an additional $2 to $2.5 million in customer contracts through June 30, 2022, and also closing $1.5 to $2 million in contracts.

The total projection for the SST’s 2022 year is approximately $8 to $10 million in sales contracts.