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Fobi AI Inc. (FOBI:TSXV) is a leading AI and data intelligence company based in Vancouver, Canada. The company specializes in harnessing AI and data intelligence to facilitate digital transformation across various industries, including retail, CPG, insurance, sports, entertainment, and casino gaming. Fobi empowers businesses to leverage real-time applications that drive personalized, data-driven customer experiences, promoting digital sustainability by reducing paper waste. Recently, Fobi announced strategic partnerships with Canadian equestrian rider Kassidy Keith and Red Truck Beer Company to enhance its presence in the sports, entertainment, and beverage industries. Fobi's commitment to innovation and strategic collaborations underscores its position as a technology and data intelligence leader in North America and Europe.
Fobi AI (FOBIF) announced its CheckPoint solution was selected for a major awards show, marking a significant validation of its venue management technology. This contract will generate revenue from a fixed project fee. CheckPoint automates registration and check-in through digital Wallet Passes, enhancing user experience with seamless integration into existing systems. CEO Rob Anson highlighted the strong market interest in CheckPoint, indicating potential for further business opportunities.
Fobi AI Inc. (FOBIF) has launched the CheckPoint Venue Access Management system alongside the new Smart Tap 2.0 device. This innovative system automates the registration and sign-in process for events, reducing reliance on outdated manual systems. CheckPoint facilitates contactless self-service check-in, utilizing Fobi Wallet Passes, and enhances security with built-in ID verification. The ID verification market is projected to grow significantly, from $8.6 billion in 2021 to $18.6 billion by 2026. CEO Rob Anson emphasizes that CheckPoint positions Fobi as a leading provider of venue management solutions.
Fobi AI Inc. (FOBIF) announced a strategic two-year agreement with Vericast to provide backend infrastructure for the new Universal Coupon solution. This initiative will enable digital coupon issuance and redemption, leveraging AI standards for secure and efficient campaigns. Revenue will stem from setup and licensing fees, as well as per coupon charges. Vericast, a major player in marketing solutions, aims to enhance targeted consumer engagement and reduce fraud in coupon usage, expected to save retailers between $300-$600 million annually.
Fobi AI Inc. (TSXV: FOBI, OTCQB: FOBIF) has launched the Adam Hadwin Fan Pass at the Valspar Championship PGA tournament, marking the first application of its new fan engagement platform based on the PassPro solution. This innovative digital tool allows fans to interact with Adam Hadwin, featuring updates on his stats, results, and more. Moreover, fans downloading the pass can enter a giveaway with prizes including a trip to the RBC Canadian Open.
Fobi AI Inc. (FOBIF) has announced a roundtable webinar scheduled for March 17 at 1 PM EST, focusing on the impact of the new 8112 Universal Standard Coupons on Consumer Packaged Goods (CPG) brands and retailers. Industry leaders, including representatives from Procter & Gamble and The Coupon Bureau, will discuss the benefits and implications of these coupons. Fobi's CEO emphasized their position in facilitating the transition to digital couponing, which enhances customer experience and reduces fraud.
Fobi AI Inc. (FOBIF:OTCQB) reported strong financial results for Q2 2022, showcasing a revenue increase to $922,823, marking the third consecutive quarterly rise. Total assets surged to $15,160,705 driven by successful acquisitions and increased accounts receivable of $1,861,768. The cash position remains robust at $4,805,694, bolstered by exercised stock options and warrants. However, the company recorded a comprehensive net loss of $5,059,006, including significant non-cash expenses. CEO Rob Anson expressed optimism about future growth and development.
Fobi AI Inc. (TSXV: FOBI; OTCQB: FOBIF) announced new Access & Healthcare Solutions, set for launch on March 1, 2022, in collaboration with Draganfly and Empower Clinics. The initiative aims to address interoperability and automation challenges across sectors, particularly in healthcare and tourism. The Fobi PassPro Wallet enhances user experience by securely delivering verified credentials, improving operational efficiencies for organizations. The webinar will feature key executives, including Fobi's CEO Rob Anson. This advancement signifies Fobi's commitment to digital transformation across multiple industries.
Fobi AI Inc. (FOBIF) has successfully relaunched the Grocery Coupon Network (GCN), a key asset acquired from Qples, attracting over 14 million visitors since 2016. GCN presents brands with direct access to a substantial coupon-loving audience, supported by 231,164 newsletter subscribers and significant social media engagement. Fobi anticipates a robust increase in Average Revenue Per User (ARPU), projecting earnings of $3-5 per user initially, and potentially growing to $10-15 with further integration of GCN and Qples.
Fobi AI Inc. (FOBIF) has launched AltID, a digital ID verification solution designed for industries like hospitality and education, as well as regulated markets such as cannabis and alcohol. This innovative tool enhances credential management by allowing organizations to transition from analog to digital systems, ensuring secure verification without storing excess personal information. AltID integrates with Fobi's PassPro platform, enabling targeted promotions while mitigating fraud risks. The solution contributes to digital transformation trends, reducing carbon footprints and enhancing customer engagement.
FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) has launched the Fan Pass, a new fan engagement platform aimed at providing personalized experiences for athletes and their fans. Set to debut on March 7, 2022, in collaboration with Canadian golfer Adam Hadwin, the platform digitizes traditional engagement methods and boosts fan interaction through exclusive offers, access to content, and performance analytics. This innovative service is positioned to enhance Fobi's brand visibility and drive revenue through per-pass licensing fees.
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