FOMO CORP. ENGAGES LEADING MIDDLE MARKET INVESTMENT BANK TO

Chicago IL, Oct. 05, 2022 (GLOBE NEWSWIRE) — FOMO CORP. (US OTC: FOMC) has engaged Elmcore Securities LLC, a member FINRA/SIPC broker-dealer, to advise on strategic mergers and acquisitions in the education technology market. The firm has an extensive track record in technology M&A and has a proprietary target list of several dozen entities, including stand-alone companies and corporate divestitures of education technology and services for corporate training, K-12, post-secondary colleges and universities, private education, enterprises, and others.

Felix Danciu, Elmcore’s CEO said, “We’re excited to help pursue a roll-up strategy with FOMO in the EdTech industry. Remote learning continues to grow and we believe there are both revenue and cost synergies among small- to medium-sized companies by merging with one another.”

Vik Grover, FOMO’s CEO commented: “It’s time for FOMO to bring real horsepower to its merger and acquisition strategy and take the company to the next level. After talking to many investment banks and spending twenty years on Wall Street, I believe Elmcore’s middle market focus and expertise in technology make its organization ideal for assisting us in growing our business and enhancing FOMO’s positioning as a publicly traded entity.

The SMARTSolution Technologies, LP (“SST”) acquisition completed earlier this year is generating record sales and its audit is nearing completion. Though that has taken longer than expected, it is now time to add to SST’s strong organic growth by folding businesses into our ecosystem that add new markets, new products, new services, and other diverse opportunities that can add to the top line and accelerate growth. SST is well positioned in its core markets in eastern Ohio, western Pennsylvania and West Virginia leaving a large regional and national growth opportunity wide open for the taking. We are currently expanding into Philadelphia and assessing nearby states for expansion….