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Saturday, December 3, 2022

Bowmo™, Inc. (OTCMKTS: BOMO) AI Driven Staffing Co with Global Ambitions & Powerhouse Management Team

Bowmo™, Inc. (OTCMKTS: BOMO) accumulation continues as new investors jump on board looking for the next big OTC runner. The Company recently completed the name and ticker change from CZNI after Bowmo went public via a reverse merger into the Company. Bowmo is an Artificial Intelligence staffing platform and their flagship product; V-RPO is a combination of proprietary AI-based technology for a do-it-yourself sourcing experience, matching candidates to jobs from 200 million potential candidates without having to use keyword searches or Boolean strings that recently expanded into Europe. The Company has been quickly expanding into new international markets by recruiting talented IT professionals in the European Union and internationally. Bowmo biggest business account is Endeavor, one of the largest sports and entertainment companies in the world, whose holdings include the William Morris Agency. Endeavor Group Holdings EDR on NYSE trades at a $6.7 billion market valuation and did $1.4 billion in Q2, 2022 revenues.  

The new owners of BOMO, Michael Lakshin, a business executive and serial entrepreneur who has been involved in multiple IPOs in the U.S. and internationally and Edward Aizman recently recognized as the top 100 Staffing Leader to Watch in 2022 have an ambitious vision to make Bowmo a global AI staffing powerhouse and take it to NASDAQ. To this end they have assembled a powerhouse management team including Mr. Michael R. Neece a business and talent acquisition executive at Fortune 100 companies that has founded 7 technology-enabled SaaS start-ups. Mr. Neece is a TED Talk speaker who’s appeared on or been quoted on NBC, ABC, CBS, Financial Times, Yahoo Finance, Bloomberg, and the Wall Street Journal. Keith Carlson, the Company’s Chief Information Officer is a technology executive that has led projects in the use of AI in complex situations including STEM education and public health in the US and internationally. Jay Cury, the Company Chief People Officer has worked for years in traditional recruiting and talent acquisition and is a technological leader serving to modernize recruiting processes by redesigning talent acquisition to fit business initiatives. As an entrepreneur, he built three profitable start-ups and served in talent acquisition advisory roles for multiple international companies. 

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Bowmo™, Inc. (OTCMKTS: BOMO) is HRTech Made by Recruiters for Recruiters. The bowmo™ V-RPO is a combination of proprietary AI-based technology for a do-it-yourself sourcing experience, matching candidates to jobs from 200 million potential candidates without having to use keyword searches or Boolean strings. The bowmo™ V-RPO automates the process with its AI-based matching engine and then provides industry-superior tools such as video interviewing and cultural and technical assessments so that customers can vet their candidates. With the bowmo™ AI-driven platform at the core performing the matching and sourcing, bowmo™ can reinvent how businesses find talent and provide a quality on-demand experience like no other competitors within this space. By using the bowmo™ AI technology, recruiters will be in complete control of their existing ATS data and will be able to improve precision and timing for talent acquisition, job sourcing, and candidate engagement. 

The Company’s biggest client is Endeavor Group Holdings, Inc. (NYSE: EDR), trading at a $6.7 billion market valuation and reporting $1.4 billion in Q2, 2022 revenues. Endeavor Group is one of the largest sports and entertainment companies in the world, whose holdings include, but are not limited to, The William Morris Agency, the longest-serving talent agency in the world, as well as, IMG and UFC, and more. bowmo™ became one of Endeavor’s trusted HR vendors in September 2021 by providing RaaS and direct-placement services for Endeavor Digital, and then for other companies in the Holding, such as Next College Student Athlete (NCSA), IMG Academy, On Location, Endeavor Streaming, and Endeavor|MainConcept. Most recently, Endeavor entrusted bowmo™’s RaaS and Direct Placement team to find qualified candidates for their mother company, Endeavor Group Holdings, Inc. Over the past year, Endeavor became the largest client of bowmo™, helping the Company to move up in the big-league ranks.

Microcapdaily first reported on CZNI on July 8 when the stock was trading at $0.0005 just as it was taking off towards $0.0018 highs, stating at the time: On May 4, 2022, Cruzani, Inc., Bowmo Merger Sub, Inc., Bowmo, Inc., and the shareholders of Bowmo, Inc. entered into a reverse triangular merger, pursuant to which Bowmo, Inc. was the surviving corporation.  As a result of the merger, registrant acquired from Bowmo the following assets. As consideration for the assets Cruzani issued to Bowmo’s two majority shareholders, Michael Lakshin and Edward Aizman, a total of 1,000,000 shares of its Series G Preferred Stock holding the voting rights to 78% of the total voting equity securities. Mr. Lakshin was issued 448,000 shares and Mr. Aizman was issued 552,000 shares.  As a result of the merger, on May 4, 2022, control of registrant changed from its prior majority shareholder, Conrad R. Huss, to Michael Lakshin and Edward Aizman who now control the voting rights to 78% of the total voting equity securities.  In addition, on May 9, 2022, at a meeting of registrant’s Board of Directors, Mr. Huss appointed Mr. Lakshin and Mr. Aizman as additional directors.  Mr. Lakshin and Mr. Aizman now hold two of the three positions on Bowmo’s Board of Directors. Prior to the merger, Conrad R. Huss was the sole director and officer of registrant.  

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On October 6 the Company issued a letter to shareholders that stated:  

From “CZNI” to “BOMO” 

After almost three months, FINRA finally (https://www.finra.org/#/) approved the ticker symbol change from “CZNI” to “BOMO,” which went into effect on Monday, September 26, 2022. 

From bowmo 1.0 to bowmo 2.0 

bowmo (@bowmonyc) / TwitterThe global pandemic has inevitably reshaped the hiring process. In the post-COVID-19 world as we move forward, current options for recruiting will change dramatically, with more people looking for work and fewer options for cost-effective recruitment solutions that currently only serve the largest companies. Under this new scenario, the upper-mid and mid-marketplace will be largely underserved. Companies that will be looking to hire are not going to contemplate an outsourced recruiting engagement with high fees or have the deep pockets for a traditional Recruitment Process Outsourcing (RPO) option. They will have to post to job boards and sort through hundreds of applicants—all with a reduced workforce themselves. The bowmo V-RPO platform allows for completely contactless hiring, which enables companies of all sizes to hire amid tightened social distancing rules. Companies are increasingly shifting toward virtual hiring as a necessity to mitigate risks, so bowmo’s ultimate objective is to stay ahead of the competition. 

Today bowmo is focusing on developing strategic partnerships and has entered a revenue-generating phase with a targeted customer pipeline, access to large channels for rapid growth and scale, and a market demand that will require higher service at a reduced price for current market options. In addition, bowmo’s management team has decided to add an integrated Candidate Portal to the bowmo 2.0 application as part of the overall functionality improvement, where job seekers will be able to upload their résumés and will be matched with targeted jobs instantly. 

With the bowmo technology platform at the core performing the matching and sourcing, bowmo can reinvent how businesses find talent and provide a quality on-demand experience, like no other competitors within this space. The bowmo V-RPO can enhance recruiting agencies and midmarket RPOs, generating massive growth and scale. As such, bowmo’s motto is “Innovation Never Stops.” 

Today, we are in the process of developing new and additional features and capabilities that will allow bowmo to take competitive advantage moving forward. In the reporting period, bowmo made substantial progress with the development of the bowmo 2.0 platform. Our software development team in Switzerland, led by one of the best AI architects, Damian Hischier, has reported 30% to 40% completion of new additional features set to bring the bowmo 2.0 platform to the next level: 

  • AI/ML-powered search for more precise candidate/job matching
  • Automated candidate matching based on job skill set
  • Interview Mastery Automation process
  • Interview preparation and coaching
  • RaaS offering—preparing candidates for hiring teams to accelerate hiring
  • Automating repetitive recruiting tasks so users can focus on high-value activities
  • On-demand video-based e-learning for best-practice hiring processes
  • Social media outreach

Following the broadened market reach of bowmo’s largest corporate client, Endeavor Group Holdings, Inc. (NYSE: EDR), bowmo has been engaged to fulfill multiple strategic senior IT positions for the Endeavor Group of Companies in Bulgaria, Lithuania, Estonia, Croatia, Czech Republic, Austria, Finland, Poland, and Germany. In order to speed up the preselection of qualified candidates for the Endeavor Group of Companies in the EU, bowmo’s management decided to outsource professional recruiters based in Ukraine who are more familiar with HR markets in the EU. 

 

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Currently trading at a $13 million market valuation BOMO is an SEC filer trading at just $0.0006 with a 52-week high of $0.0018 about 300% above the current pps. The stock has a fast growing and very loyal shareholder base who are accumulating BOMO and are looking for the next big OTC runner here. There is a lot to get excited about here; an AI driven staffing Company with global ambitions that has already got Endeavor, one of the largest sports and entertainment companies in the world with Q2 revenues of $1.4 billion on board as their biggest client. The Company has quickly assembled a powerhouse management team that is rolling up their sleeves and getting to work with big things expected to be happening here. Speculators are looking for a break of $0.0018 and eventually from there, a big move into copperland. We will be updating on BOMO when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in BOMO either long or short and we have not been compensated for this article

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