Fomo Worldwide, Inc. (OTCPK:FOMC.D) cancelled the acquisition of North America assets and operations of EcoChem Alternative Fuels, LLC.
April 10, 2024
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Fomo Worldwide, Inc. (OTCPK:FOMC.D) agreed to acquire North America assets and operations of EcoChem Alternative Fuels, LLC on March 9, 2024. Expected signing date of binding Definitive Agreement is March 18, 2024. Joshua Koch, Founder, Chairman of the Board and Chief Innovation Officer, of EcoChem Alternative Fuels LLC and John Bolus, Chief Executive Officer of EcoChem Alternative Fuels LLC are expected to join Board of Directors of Fomo Worldwide, Inc. after purchase of EcoChem?s North America assets and operations is completed. The expected closing date of transaction is March 31, 2024.
Fomo Worldwide, Inc. (OTCPK:FOMC.D) cancelled the acquisition of North America assets and operations of EcoChem Alternative Fuels, LLC on April 11, 2024.
FOMO Worldwide, Inc. focuses on business incubation and acceleration. The Company invests in and advises emerging companies. It is developing direct investment and affiliations - a majority- and minority-owned, as well as in joint venture formats. Its subsidiaries include SMARTSolution Technologies L.P. (SST), IAQ Technologies LLC (IAQ), and Energy Intelligence Center (EIC). SST is an audiovisual systems integration company that designs and builds presentation, teleconferencing and collaborative systems for businesses, education, and nonprofits. It is focused on the sale of its technology, as well as related installation services through its wholly owned subsidiary SST. IAQ provides services and equipment that focus on the air quality within and around buildings and structures, especially it relates to the health and comfort of building occupants. EIC focuses on energy efficiency consulting and sustainability solutions. In addition, it markets and sells clean air disinfection products.