FOMO’S PURGE VIRUS BUSINESS NOW LIVE ON ALIBABA
FOMO’S PURGE VIRUS BUSINESS NOW LIVE ON ALIBABA
Chicago, IL, Jan. 12, 2021 FOMO CORP. (US OTC: ETFM) announces that its wholly owned subsidiary, Purge Virus, LLC (“PV”;
https://purgevirus.com/), has begun offering COVID-19 disinfection products and services on the Alibaba Business-2-Business (B2B) platform at the following:
In December 2020, Alibaba approved PV as a Global Gold Supplier which significantly expands the distribution platform for its business. With the B2B platform, business owners and facility managers across private and public sectors have the convenience of purchasing products and services by matching their heating, ventilation, and air conditioning (HVAC) system needs to the most appropriate PV technology. Volume ordering, portable devices, and improved indoor air quality (IAQ) are proven to reduce the spread of COVID-19 and expected to be in high demand.
FOMO CORP. AGREES TO BUY ECOLITE IN AN ACCRETIVE TRANSACTION
FOMO CORP. AGREES TO BUY ECOLITE IN AN ACCRETIVE TRANSACTION
Chicago, IL, Jan. 12, 2021 FOMO CORP. (US OTC: ETFM) has agreed to acquire EcoLite Holdings LLC (“EcoLite”;
https://www.ecoliteled.com), a Baton Rouge, LA-based provider of smart lighting and Internet of Things (IoT) technology to business, industry and government across the United States. As part of the transaction, FOMO will purchase 100% of the Member Interests of Ecolite for the following consideration, subject to adjustment based on audited results:
2,549,383 Restricted 1% Series B Preferred Shares,
$2,000,000 cash,
A three-year earn-out of annual profits greater than $960,000, and
FOMO CORP. GETS SEC CURRENT AND PREPARES FOR ACCELERATING GROWTH
January 08, 2021 07:43 ET | Source: FOMO CORP. FOMO CORP.
Chicago, IL, Jan. 08, 2021 (GLOBE NEWSWIRE) FOMO CORP. (US OTC: ETFM) is pleased to report that the Company is now current with regard to its SEC reporting requirements as a 1934 Securities Exchange Act Company that is PCAOB audited (Public Company Accounting Oversight Board). In December 2020, management filed Forms 10-K (FY2019) and Forms 10-Q (quarters ended March 31, 2020; June 30, 2020; September 30, 2020) bringing the Company into compliance. The Company’s accountants and auditors are currently preparing the fourth quarter 2020 financials, which will include roughly six weeks of the Purge Virus, LLC (“PV”) acquisition completed October 19, 2020.