FOBI AI INC - FOBIF STOCK NEWS

Fobi AI Inc. (FOBIF) announced significant growth prospects due to the upcoming rollout of the 8112 Universal Digital Standard Coupons. The company expects to double its customer base and revenue, driven by consumer demand for coupons amid 40-year-high inflation. Major retailers are implementing this standard, which enhances coupon usability and reduces fraud. Additionally, Fobi's integration of its Wallet Pass platform allows for coupons to be distributed via multiple channels, further expected to boost revenue. The initiative shows promise for CPG brands venturing into e-commerce with safer coupon options.

Fobi AI Inc. (FOBIF) announced its Q3 Financial and Operational Highlights for the period of January 1 to March 31, 2022. The company, a leader in data intelligence using AI, will host a webinar on June 1, 2022, at 9:00am PST to discuss these results. Fobi's innovative IoT devices support data connectivity across platforms, enhancing client engagement in various industries including retail and telecommunications. For further details, stakeholders can visit the Fobi website or engage via their verified forum.

FOBI AI Inc. (TSXV: FOBI; OTCQB: FOBIF) announced a letter of intent to acquire certain intellectual properties from Grocery Shopping Labs Inc., which operates the "Basket" application. This acquisition aims to enhance FOBI's offerings in real-time data analytics, leveraging Basket's consumer insights and partnerships with Tier 1 CPG brands. The deal is expected to increase advertising revenue and improve average revenue per user through enhanced promotions and shopper insights. The completion of the transaction is contingent on due diligence and regulatory approvals, anticipated by late May or early June 2022.

Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) has launched its new subsidiary, PulseIR, aimed at enhancing investor relations through a mobile and data-driven approach. The subsidiary will offer custom contract services and products, generating revenue from annual fees, marketing, and advertising. With the Investor Experience product, public companies can convert unknown investors into engaged shareholders utilizing Fobi’s AI and big data technologies. The recent data from Investor Pass downloads indicates strong engagement, revealing demographic insights about investor participants.

Fobi AI Inc. (FOBI:TSXV, FOBIF:OTCQB) announced the launch of its new product, Investor Pass, aimed at enhancing investor relations through real-time, personalized communication. This platform utilizes Fobi’s AI and mobile wallet technology to help public companies convert unknown investors into known investors. Revenue will be generated from setup fees, license fees, and data monetization. The launch webinar is scheduled for April 26, 2022, offering a direct engagement platform for shareholders. The Investor Pass also features e-commerce capabilities in partnership with Shopify, promoting merchandise sales.

Fobi AI Inc. (FOBIF) has secured a one-year agreement with a major U.S. stock exchange to implement its CheckPoint venue management solution. This system enables automated, contactless entry, enhancing security for employees and visitors across various venues. The service, launching this quarter, will generate revenue through an initial setup fee and ongoing licensing fees. CEO Rob Anson emphasizes the solution's focus on improving user experience and operational efficiency, positioning Fobi for growth in the venue management sector.

Fobi AI (FOBIF) announces changes to its Board of Directors. Debra Williams resigned effective April 1, 2022, and Mike Devine has been appointed as her replacement. Mike brings over 25 years of experience in technology and hospitality industries. As the Founder and CEO of Jet Digital Inc., and with a background in loyalty and customer relationship management, Devine is expected to leverage his expertise to enhance Fobi's growth and revenue focus. CEO Rob Anson emphasized the importance of Devine's industry connections in driving future success.

Fobi AI Inc. (FOBIF) has appointed Annie Chan as its new Chief Financial Officer, effective April 1, 2022. This marks the company's first investment in a full-time CFO role, emphasizing its growth strategy. Chan has over 15 years of experience in sectors such as SaaS and telecommunications, including her recent role at RESAAS Services Inc. She aims to leverage data for customer engagement and drive scalability at Fobi. Additionally, Sheona Docksteader has been appointed Corporate Secretary, and the company granted 600,000 stock options to insiders as part of these strategic appointments.