FOBI AI INC - FOBIF STOCK NEWS

Fobi AI Inc. (FOBIF) provides a corporate update following a review by the British Columbia Securities Commission. The update highlights ongoing pilot programs and a letter of intent with All Net LLC for a project in Las Vegas. Notably, Fobi has successfully transitioned to a procurement partner with TELUS, resulting in revenue-generating contracts. The company continues to explore opportunities with BDG Sports and Senor Frogs, as well as its partnership with Empower Clinics. Challenges with projects involving Maplin and Pharmassist are acknowledged, though insights gained have led to new agreements.

Fobi AI Inc. (FOBIF) has launched a new Qples Affiliate Marketing Platform, onboarding 10 influencers that will expand its audience reach by over 10 times. This move aims to significantly increase coupon print volume and revenue by leveraging affiliate websites and social media. Additionally, the company has initiated two deals with CPG brands via its ShopperBridge platform, enhancing its media and advertising sales potential. The company's focus on analytics and influencer engagement is anticipated to contribute positively to its financial growth in the coming quarters.

Fobi AI Inc. (FOBIF) has signed a 3-year exclusive data license agreement with Ideal POS, one of Canada's largest POS providers, enhancing its role as a leading data aggregator in the independent retail marketplace. The partnership aims to enable revenue generation through quarterly and annual data licenses via the Fobi Data Exchange (FDX). Additionally, they plan to launch an advanced digital member loyalty card solution and an age verification service, targeting the hospitality sector. This collaboration signifies Fobi's strategic expansion into key Canadian markets, especially in liquor retail.

Fobi AI Inc. (FOBIF) has announced a strategic partnership with XInfluence, a prominent influencer marketing platform. This collaboration allows both companies to resell each other’s platforms, enhancing their revenue streams. XInfluence, which works with top brands like Unilever and Jamison Whiskey, will resell Fobi’s Passcreator Wallet pass platform while Fobi will offer XInfluence’s services. This integration aims to improve campaign attribution and drive engagement by directly connecting brands with influencers' followers, enhancing sales tracking and ROI measurement.

Fobi AI has partnered with Scotch & Soda to deliver digital customer membership cards through the Passcreator platform. This initiative allows customers to join the 'Club Soda' Membership Program, where membership passes with QR codes will be scanned at retail locations. The integration with Salesforce CRM will enable Scotch & Soda to collect and analyze customer data for targeted marketing. Fobi will earn revenue from onboarding fees and monthly licensing. This collaboration highlights the growing trend of digital wallet adoption, with projections of reaching 4.4 billion users by 2025.

Fobi AI Inc. (FOBIF: TSXV, FOBIF: OTCQB) has launched a new wallet pass bundling feature that allows users to download up to 10 connected passes in one bundle, enhancing the customer experience. This innovation simplifies the download process for attendees at events like conferences, eliminating the need for multiple individual downloads. Additionally, it opens up new revenue streams for companies through bundled promotions and sponsored passes. CEO Rob Anson emphasized the company's commitment to innovation and addressing customer needs, noting significant interest in the new functionality.

Fobi AI Inc. (FOBIF) has joined forces with six companies to launch a significant pilot program for 8112 Universal Digital Coupons. This initiative enhances coupon redemption for consumers by allowing them to use digital coupons directly from their mobile devices, eliminating the need for printouts. Key benefits include real-time campaign performance tracking for Consumer Packaged Goods (CPG) brands and quicker reconciliation for retailers. The pilot runs at three LaGrees Food Stores in Colorado, supporting immediate coupon validation and reducing fraud risks, thereby promoting a more efficient promotional landscape.

Fobi AI Inc. has launched a new Affiliate & Social Influencer Marketing platform for its Qples by Fobi service. This initiative aims to enhance coupon distribution amid rising inflation, assisting CPG brands in reaching larger audiences through influencers and bloggers. The platform will monetize offers via digital and physical coupon activations, supporting better targeting for brands, especially in niche markets. CEO Rob Anson anticipates significant revenue generation from this launch, expanding both the network size and market reach for Fobi and its partners.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has appointed Jon Haydock as Chief Technical Officer, marking a significant step towards enhancing its technological capabilities. With over 25 years of experience, Haydock's leadership is expected to drive the company’s global scale and growth in AI data analytics. Former CTO Tamer Shafik will conclude his tenure, and Kendra Low has been named Corporate Secretary. Low brings nearly 20 years of governance experience, further strengthening Fobi's management team. This shift in leadership is poised to bolster Fobi's innovative solutions in various sectors.