FOMO WORLDWIDE, INC.


Associated tags: FOMO, FOMC, K12, Health, SST

Locations: NORTH AMERICA, PA, US

FOMO WORLDWIDE SIGNS DEFINITIVE PURCHASE AGREEMENT WITH ECOCHEM ALTERNATIVE FUELS NORTH AMERICA; ENGAGED FOR REST OF WORLD AS MASTER AGENT

Retrieved on: 
Wednesday, April 3, 2024

The Company strives to bridge the growing gap between the demands of modern high-efficiency engines and increasingly compromised conventional fuel supplies.

Key Points: 
  • The Company strives to bridge the growing gap between the demands of modern high-efficiency engines and increasingly compromised conventional fuel supplies.
  • We have also executed a Master Agent Agreement to represent EcoChem worldwide, which paves the way for additional upside through licensing, joint ventures, or other strategic arrangements.
  • It’s a real game changer for FOMO WORLDWIDE as we enter a new chapter.
  • Stay tuned as we prepare to close this transaction within the next two weeks.”
    EcoChem Alternative Fuels LLC Presentation Deck with Y1-Y2-Y3-Y4-Y5 Projections Available Here:

FOMO WORLDWIDE TO ACQUIRE ECOCHEM ALTERNATIVE FUELS; TO ENTER THE $1 TRILLION GLOBAL FUEL MARKET

Retrieved on: 
Tuesday, February 27, 2024

Said Joshua Koch, Founder of EcoChem: “Here at EcoChem, we’re in the business of redefining global infrastructure through intelligent technology.

Key Points: 
  • Said Joshua Koch, Founder of EcoChem: “Here at EcoChem, we’re in the business of redefining global infrastructure through intelligent technology.
  • Each Tier 1 fuel station provider, railway company, shipping operator, or military organization delivers and/or uses billions of gallons of fuel each year.
  • I cannot think of a more fitting birthday present than announcing our exciting move into the world’s premium fuel market.
  • It’s a real game changer.”
    EcoChem Alternative Fuels LLC Presentation Deck with Y1-Y2-Y3-Y4-Y5 Projections Available Here:
    For further information, please see the investor sponsored FOMO WORLDWIDE, INC.

FOMO WORLDWIDE PROVIDES INVESTOR UPDATE; CALLS OUT FINRA; WILL CANCEL REVERSE SPLIT IF FINRA RULE 6490 REVIEW NOT CONCLUDED BY 02/26

Retrieved on: 
Tuesday, February 20, 2024

Our CUSIP has been changed to Wyoming and is on its sixth reminder for activation by CUSIP Global Services.

Key Points: 
  • Our CUSIP has been changed to Wyoming and is on its sixth reminder for activation by CUSIP Global Services.
  • Further, we have requested that FINRA complete its Rule 6490 reviews of our ticker change, name change, and redomicile immediately.
  • Management believes FINRA is unreasonably withholding completion of its Rule 6490 reviews of FOMO’s corporate actions.
  • The Company will host an investor meeting next Wednesday February 28th at 5:00pm to update investors on its acquisitive growth strategy.

FOMO WORLDWIDE REISSUES 2022 FINANCIAL RESULTS; TO HOLD INVESTOR UPDATE OCTOBER 25TH

Retrieved on: 
Friday, October 20, 2023

Pittsburgh, PA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) today reannounces and clarifies for investors that the Company generated roughly $8.8 million pro forma revenues in 2022 (consolidated and unaudited), up from $4.3 million in 2021 and $3.2 million in 2020, representing annual pro forma growth of 137% and a high double digit % compound annual growth rate (CAGR). On a reported basis, 2022 revenues grew over 1,000% from the prior year. Gains were primarily driven by strong K12 demand. Orders that had been largely unfulfilled due to pandemic closures and supply chain constraints led to record backlog at FOMO’s primary subsidiary SMARTSolution Technologies LP and SMARTSolution Technologies, Inc. (“SST”) acquired on February 28, 2022.

Key Points: 
  • On a reported basis, 2022 revenues grew over 1,000% from the prior year.
  • SST’s 2022 pro forma gross profit was $1.32 million (14.9%), impacted by inventory adjustments.
  • For further information, please see the investor sponsored FOMO WORLDWIDE, INC.
  • The Company will host an investor meeting next Wednesday October 25th at 5:00pm to update investors on its progress and organic and acquisitive growth strategy, including its recently activated subsidiary Diamond Technology Solutions, LLC.

FOMO WORLDWIDE SUBMITS 15C2-11 RESPONSE TO FINRA; NEARS COMPLETION OF CORPORATE ACTIONS TO REGAIN MARKET MAKERS TO IMPROVE LIQUIDITY AND TRANSPARENCY FOR INVESTORS

Retrieved on: 
Monday, October 2, 2023

SEC Rule 15c2-11 requires market makers to review basic issuer information prior to publishing quotations for that issuer’s securities.

Key Points: 
  • SEC Rule 15c2-11 requires market makers to review basic issuer information prior to publishing quotations for that issuer’s securities.
  • Market makers must have a reasonable basis for believing that the information is accurate and from reliable sources.
  • With the Rule 15c2-11 response submission to FINRA, management believes FOMO WORLDWIDE is in the final stages of restoring solicited quotations for the Company’s common stock and regaining market makers.
  • To provide further transparency to investors, management intends to provide an operational update for FOMO WORLDWIDE and its subsidiaries over the next several business days.

BUSINESS MEDIA SOLUTIONS, INC. WINS CUSTOM TRAINING DEVELOPMENT CONTRACT FOCUSED ON ANIMAL HEALTH

Retrieved on: 
Friday, May 12, 2023

Business Media Solutions, Inc.’s (“BMS”) intRAtrain unit has won a contract to develop a series of training modules for a large animal health company in early June.

Key Points: 
  • Business Media Solutions, Inc.’s (“BMS”) intRAtrain unit has won a contract to develop a series of training modules for a large animal health company in early June.
  • The custom-designed training modules will be used by over 1,000 sales reps in the United States and Canada.
  • An initial five-figure contract development is expected to be completed in late 2023, with potential upside from follow-on work.
  • CEO of Business Media Solutions, Inc. Jerry Van Oort noted: “We are excited to get started on the development of these modules.

BROOKWOOD MEDIA ARTS SELECTED TO TRAIN eLEARNING DEVELOPERS FOR A LARGE FEDERAL GOVERNMENT AGENCY

Retrieved on: 
Thursday, May 11, 2023

Lower Gwynedd, PA, May 11, 2023 (GLOBE NEWSWIRE) -- Brookwood Media Arts, Inc. (“Brookwood”) has been selected by a large federal government agency to train a group of eLearning content developers in basic and advanced Adobe Captivate.

Key Points: 
  • Lower Gwynedd, PA, May 11, 2023 (GLOBE NEWSWIRE) -- Brookwood Media Arts, Inc. (“Brookwood”) has been selected by a large federal government agency to train a group of eLearning content developers in basic and advanced Adobe Captivate.
  • To do this, the agency must upskill 20-30 Storyline content developers with the necessary skills to redevelop the courses using Captivate.
  • The agency selected Brookwood because of its deep qualifications and experience in training commercial and government users in both Storyline and Captivate.
  • Said Brookwood owner Rob Seskin: “We are uniquely qualified to help this large federal agency migrate their course content from Storyline to Captivate.

FOMO WORLDWIDE AGREES TO ACQUIRE BROOKWOOD MEDIA ARTS, INC. ACCELERATING ENTRY INTO CORPORATE E-LEARNING MARKET

Retrieved on: 
Tuesday, May 2, 2023

Pittsburgh, PA, May 02, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) has agreed to acquire Brookwood Media Arts, Inc., (“Brookwood”; www.brookwood.com ), a pioneer in the field of custom content creation and management services.

Key Points: 
  • Pittsburgh, PA, May 02, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) has agreed to acquire Brookwood Media Arts, Inc., (“Brookwood”; www.brookwood.com ), a pioneer in the field of custom content creation and management services.
  • Brookwood generated peak annual revenues of $2.4 million.
  • During the pandemic, the business pivoted towards virtual meetings and remote collaboration services and support that were in high demand at that time.
  • Today, the entity is on a normalized revenue run rate of several hundred thousand dollars and is EBITDA+.

FOMO WORLDWIDE TO ENTER GLOBAL CORPORATE E-LEARNING MARKET; AGREES TO ACQUIRE BUSINESS MEDIA SOLUTIONS, INC.

Retrieved on: 
Thursday, April 20, 2023

BMS serves companies in agriculture, food manufacturing, and animal health by creating customized programs for training staff, distribution, operations business processes, compliance, and safety.

Key Points: 
  • BMS serves companies in agriculture, food manufacturing, and animal health by creating customized programs for training staff, distribution, operations business processes, compliance, and safety.
  • These verticals include BMS core competencies in agriculture, food, and beverage that can be applied to manufacturing, K12 and post-secondary education, healthcare, and more.
  • This should naturally increase business by taking the company’s existing solutions to large agriculture markets such as California and Florida.
  • Management’s near-term goal is to return the business to prior peak business levels aided by such geographical expansion.

FOMO WORLDWIDE REPORTS RECORD REVENUE GROWTH OF 1,044% IN 2022; FILES ANNUAL REPORT AFFIRMING SEC CURRENT REPORTING STATUS

Retrieved on: 
Tuesday, April 18, 2023

Pittsburgh, PA, April 18, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) is pleased to report that it has filed its 2022 annual report under Form 10-K, affirming its SEC current status.

Key Points: 
  • Pittsburgh, PA, April 18, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) is pleased to report that it has filed its 2022 annual report under Form 10-K, affirming its SEC current status.
  • During the year ended December 31, 2022, the Company grew operating revenues 1,044% to $7,515,451 from $657,136 in 2021.
  • During 2022, SST’s equipment sales were $8.3 million (93%), service and installation revenues were $529K (6.9%), and shipping and other revenues were $16K (0.1%).
  • Excluding write-downs and charges of roughly $272,000, SST’s pro forma adjusted gross profit was $1.59 million (18%).