FOMO CORP. ENGAGES THE LEADING MID-MARKET INVESTMENT BANK TO
Chicago IL, Oct. 05, 2022 (GLOBE NEWSWIRE) — FOMO CORP. (US OTC: FOMC) has engaged Elmcore Securities LLC, a FINRA/SIPC member broker-dealer, to advise on strategic mergers and acquisitions in the education technology market. The company has a long track record in technology mergers and acquisitions and has an exclusive target list of several dozen entities, including stand-alone companies and technology and education services business divestitures for corporate training, K-12, post-secondary colleges and universities, private education, business and others.
Felix Danciu, CEO of Elmcore, said, “We are excited to help pursue a deployment strategy with FOMO in the EdTech industry. Distance learning continues to grow and we believe there are both revenue and cost synergies between small and medium businesses merging with each other. »
Vik Grover, CEO of FOMO, commented, “It’s time for FOMO to bring real power to its M&A strategy and take the business to the next level. Having spoken to numerous investment banks and spent twenty years on Wall Street, I believe Elmcore’s middle market focus and technology expertise make their organization ideal to help us grow our business and strengthen FOMO’s positioning as a publicly traded entity.
The acquisition of SMARTSolution Technologies, LP (“SST”) completed earlier this year is generating record sales and its audit is nearing completion. Although it has taken longer than expected, now is the time to add to SST’s strong organic growth by onboarding companies into our ecosystem that are adding new markets, new products, new services and other opportunities. variety that can increase revenue and accelerate growth. . SST is well positioned in its core markets in Eastern Ohio, Western Pennsylvania and West Virginia, which leaves a great opportunity for regional and national growth to be seized. We are currently expanding into Philadelphia and are evaluating neighboring states for expansion. Today, the smart board industry is booming, aided by billions of stimulus dollars from ESSER I-II-III funds, but it is fragmented with many similar companies the size of SST available for the consolidation.
In the meantime, we have rebranded our cleantech business and are ready to sell our existing and new customers UV-C and ionization air disinfection, LED retrofit and energy management technologies. HVAC, which should further catalyze growth. Such project sales have a longer time frame and typically require technical property audits, but revenue opportunities per location can run into the hundreds of thousands or even millions of dollars. Over time, as we add products and services to the integrated base, expand and expand into new markets, and add digital media services and on-demand instruction to the portfolio, I believes that our education technology and clean technology businesses will generate significant value for our shareholders. The total addressable market is huge.
About Elmcore Titles SARL
Elmcore Securities LLC, a wholly-owned subsidiary of Elmcore Group Inc., is a Chicago, Illinois-based FINRA/SIPC member broker-dealer (http://elmcore.com/), specializing in advisory services mergers and acquisitions, debt and equity raising, strategic advice and analysis of financial transactions, including fairness opinions and valuations. Combined with a “hands-on” approach and extensive “real-world” trading experience, Elmcore Securities continues to build on a unique and essential foundation in today’s economic climate. The firm takes a hands-on approach to investment banking and brings operational expertise to every engagement.
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 develops direct investments and affiliations – majority and minority owned as well as joint ventures – that provide targets with access to public markets for expansion capital as well as spin-out options to become their own stand-alone public companies .
Statements in this press release regarding our future expectations, including, without limitation, the likelihood that FOMO CORP. will be able to meet minimum sales expectations, be successful and profitable in the marketplace, and deliver significant value to FOMO CORP shareholders. capital markets to execute its growth strategy, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as such term is defined in the Private Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or issue revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unforeseen events, except as required by law. . FOMO’s business strategy described in this press release is subject to innumerable risks, the most important of which is whether the Company is successful in obtaining adequate financing. Nothing contained in this press release should be construed, in any form, as an indication of the future earnings, financial condition or share price of the Company.
Elm Securities Contact
Contact FOMO Investors
Follow FOMO CORP. on Twitter: