FOMO UPDATES SST ACQUISITION; SIGNED NON-DILUTIVE FINANCING TERM; CONFERENCE IN HERSHEY, PA SCHEDULED FOR FEBRUARY 2022

Chicago, Illinois, January 5, 2022 (GLOBE NEWSWIRE) – FOMO CORP. (US OTC: FOMC), a technology business incubator, announces that it has signed a $ 1 million contract with an institutional investor for non-dilutive financing to complete the planned acquisition of SMARTSolution Technology Inc. [“SST”] (https://smarterguys.com). Under the definitive agreement between the companies, FOMO will issue SST owners one million Series B preferred shares, issue three hundred million employee stock options with a vesting schedule that will be determined by FOMO and SST, and will assume the debts for 100% ownership of the Company. The funding will be used to refinance several hundred thousand dollars of bank debt and high interest lines of credit and provide additional capital for growth with upward expansion for the needs of SST or other FOMO acquisitions. SST currently has several six-figure contracts slated for delivery in the first quarter of 2022 for the sale and installation of collaborative AV systems and integrated solutions for information sharing and presentation, video conferencing and interactive meeting technology for corporate clients. K12 schools, colleges and universities and businesses.

As part of its cross-selling strategy of clean air, intelligent lighting and HVAC software and control systems, SST, as well as FOMO subsidiaries, IAQ Technologies LLC [“IAQ Tech”] (https://www.iaqtech.com) and Energy Intelligence Center [“EIC”] (https://energyintelligencecenter.com), will work closely together and are committed to creating a strategy to deliver a set of services and technologies to education and business clients at the show and in the region.

Ed Tech Expo and Conference:

SST, IAQ Tech and EIC to exhibit at the Pennsylvania Educational Technology Expo & Conference (PETE & C) February 6-9e at Hershey Lodge, Hershey, PA. More information regarding exhibition booths and investor networking events will be provided prior to PETE & C by SST and FOMO. To register for the event, go to https://www.peteandc.org/.

The PETE & C (https://www.peteandc.org/index.cfm) is a state-wide event that offers quality technology-focused programs in education. Each year, hundreds of exhibitors present their latest technology products and services to a wide audience of teachers, administrators, technology directors, school board members and more.

Planned roadshow:

FOMO CORP. will also soon announce an investor roadshow program, which could include video meetings based on the current pandemic wave. If you would like FOMO to come near or contact you, contact Madison Ryan, Vice President of Investor Relations, at [email protected].

About FOMO CORP.:

FOMO CORP. is a publicly traded company focused on business incubation and acceleration. The Company invests and advises emerging companies aligned with a growth mandate. FOMO develops direct investments and affiliations – majority and minority owned as well as in joint venture formats – that allow targets to access public markets for expansion capital as well as spin-out options to become their own companies autonomous public.

About SST:

SMARTSolution Technologies Inc. is a cost-effective, Pittsburgh-based audio-visual systems integration company that customizes presentation, teleconferencing, and data conferencing systems for meetings, presentations, and instruction. SST supports hundreds of K12 schools, colleges and universities and businesses and has been in business since 1996.

About the Energy Intelligence Center:

The Energy Intelligence Center, LLC is an energy services company uniquely positioned to provide energy efficiency, optimization, operations and economic incentives for the optimization of building equipment and management and automation systems.

About IAQ Technologies LLC:

IAQ Technologies LLC is dedicated to customer service and maintaining leading edge technology in the indoor environment and building performance industries.

Forward-looking statements:

Statements in this press release regarding our future expectations, including, but not limited to the likelihood that FOMO CORP. 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 that 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 assumes no obligation to update or publish revisions of 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 that the Company succeeds in securing adequate financing. Additionally, although the Company has announced letters of intent to acquire other companies, there is absolutely no assurance that any such transactions will result in a completed acquisition. Nothing in this press release should be interpreted in any way whatsoever as an indication of future income, financial condition or the share price of the Company.

Contact:

Madison Ryan
VP Investor Relations
(386) 287-6950
[email protected]

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