FOMO CORP. Acquires Assets of Independence LED Lighting - Seite 2

FOMO intends to combine the majority of ILED’s assets with its planned acquisition of Ecolite LED Holdings, LLC, which is currently under audit and in due diligence. Management is assessing the formation of an indoor agriculture division to target the North American market for vegetables and cannabis, given the potential Federal legalization.

For more information on Independence LED Lighting, LLC and its parent company, FOMO CORP., visit www.independenceled.com and www.fomoworldwide.com, respectively.

About FOMO CORP:

FOMO CORP., p/k/a 2050 Motors, Inc., 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 is developing direct investment and affiliations - majority- and minority-owned as well as in joint venture formats - that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

About Independence LED Lighting:

Independence LED Lighting, established in 2011, provides turn-key lighting solutions for a broad range of clients that includes a line of award-winning Made in the USA LED fixtures for commercial markets. Independence LED Lighting’s products are produced within its partner’s 50,000 square foot manufacturing facility in Norristown, Pennsylvania.

Forward Looking Statements:

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.