Planned improvements to KC 1.0 include the following:
- Friend recommendation engine similar to those offered by Facebook, Instagram, SNAP,
Twitter and The Meet Group , which will allow members to connect with one another, is expected to be completed within 15 days. Management believes this engine is critical to driving a network effect and building a community for the site, allowing KC to populate with daily active users (DAUs) and monthly active users (MAUs) which are key metrics used to track social media traffic. - iOS and Android apps for smartphone access to the system will require about five months of programming. Given 80%+ of consumer Internet traffic today is generated from smartphones, management believes these apps will be critical to growth.
- E-commerce marketplace for the sale of CBD products/services on a business-to-consumer (B2C) basis will require about two months, allowing KC to benefit from global online trade.
- Advertising (banner and video) to monetize the site will be launched after the site has reached scale.
- 420 dating engine vaulting KC into match-making services offered by market leader
Match.com which generally does not cater to the cannabis community. - Dispensary search engine to match users with cannabis choices and points of sale in
the United States . - Launch of a cannabis stock chat forum similar to InvestorsHub and
StockTwits . - Sports and eSports betting as allowed by rule of law.
- eSports tournaments.
On the corporate action front, FOMO CORP. has changed its name with the Secretary of
https://www.sec.gov/Archives/edgar/data/867028/000149315220000797/form8-k.htm
Separately, FOMO continues to hold 210 million (210,000,000) common shares of Mobicard, Inc. (OTC/PTOP) which has a market value based on yesterday’s closing bid of roughly
Said
About FOMO CORP.
FOMO CORP. a/k/a
Disclosure Statement
Statements in this press release about 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 market, bring significant value to FOMO CORP.’s stockholders, and leverage 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. Such 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 release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. FOMO’s business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing. No information in this press release should be construed in any form shape or manner as an indication of the Company’s future revenues, financial condition or stock price.
CONTACT:
CEO
FOMO CORP.
(630) 708-0750
fomocorp2020@gmail.com
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