- CEO
- Elchanan Maoz
- Full Time Employees
- 15
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- 30 North Gould Street Sheridan WY United States of America 82801
- IPO Date
- Aug 23, 1996
- Business
- Metro One Telecommunications, Inc. (OTC: WOWI) develops and provides mobile commerce platforms that enable retailers to launch branded mobile applications for online and in-store customer engagement in the United States and internationally. Founded in 1989 and headquartered in Sheridan, Wyoming, the company offers its Mobile Commerce Merchant Platform for small and medium-sized businesses to create functional mobile apps; Mobile Commerce Enterprise Platform for large retailers with brick-and-mortar and e-commerce operations to interact with customers via mobile; Shelfy.io, a no-code SaaS solution integrating with Shopify, WooCommerce, and WordPress for converting online stores into native apps with features including scan-and-go checkout, loyalty programs, in-store navigation, and digital advertising; and In-Store Engagement Suite solutions. Through its wholly owned Israeli subsidiary Stratford Ltd., Metro One delivers these patented technologies to retail enterprises, targeting enhanced customer retention, basket size increases, and revenue growth via mobile commerce tools. In recent developments, Metro One completed the acquisition of Royal App Ltd. assets out of insolvency proceedings in 2021 for approximately $2.4 million in cash, funded by a $3.5 million financing round via Simple Agreements for Future Equity, marking its pivot from legacy telecommunications directory services to a SaaS-focused mobile commerce provider; launched Shelfy.io integrations with major platforms like Shopify App Store and WooCommerce plugin in 2022; formed strategic partnerships including with Cardcom Ltd. and Direct Accounting Management Ltd. (Invoice4U) in 2023 to expand marketing of Shelfy.io to thousands of clients; appointed Eyal Pinto as CFO in late 2022; filed an effective S-1 registration statement to raise up to $12.6 million for operations and growth; and signed a non-binding term sheet in December 2023 for a reverse merger with Inception XR Inc., a virtual reality education technology firm projecting $4.8 million in 2023 revenue, to diversify into immersive learning platforms across telecommunications, education, healthcare, and publishing sectors. The company operates primarily through its Stratford subsidiary, continues reviewing acquisition targets for fiscal 2024 and beyond, and maintains a focus on global-scale innovative technologies while trading on OTC Markets.