Articles from Fobi AI Inc.

Company Introduces Integrated AI-Native Consulting and Implementation Model to Drive Scalable Growth through Professional Services, Licensing, and Subscription Revenues

Agrawal to Spearhead Web3 Innovation and Cybersecurity Strategy at Fobi

VANCOUVER, BC, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV)(FOBIF: OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, acknowledges the recent issuance of a Cease Trade Order by regulatory authorities due to the non-filing of the annual 2024 financial documents.

VANCOUVER, B.C., July 14, 2025 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, today announces it is restructuring its finance team and longtime board Member Jeffrey Hyman will step in as the Company’s Chief Financial Officer (CFO), effective immediately. The decision to bring in new financial leadership reflects the company’s commitment to transparency, accountability, and long-term sustainable growth. Hyman, a veteran finance executive with decades of experience in financial transformation, restructuring, and strategic scaling, joins Fobi at a pivotal moment as it positions itself for the next chapter of expansion.Fobi CEO Rob Anson stated: “During this year's audit, we identified significant needs for change and upgrades within our accounting function. Now that the sale of our German subsidiary is complete, our priority is finalizing the audit and resuming trading as quickly as possible. Given this focus, I felt it was the right time to bring Jeff on as CFO. His background makes him ideal to lead the audit process and restructure our ongoing Finance functions.  We have engaged a third-party accounting firm to assist with the audit and handle all daily accounting tasks. This partnership allows us to implement new automated systems and processes, significantly improving efficiency. Utilizing this full-scope third-party firm also enables us to reduce full-time headcount while gaining access to scalable expertise as needed."CFO, Jeffrey Hyman stated: “FOBI’s vision and capabilities have been evolving in alignment with the marketplace since my initial involvement with the Company. We are well positioned to leverage those assets in due course. I am thankful for the appointment to lead our finance team as an integral function in our growth.”This Press Release Is Available On the Fobi Website, For Shareholder Discussion and Management Engagement About FobiFobi is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries.For more information, please contact

VANCOUVER, BC, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV)(FOBIF: OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to provide shareholders with a corporate update regarding the following significant company initiatives.

VANCOUVER, BC, May 23, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce its selection to represent Canadian AI technology at Asia Tech x Singapore (ATxSG) from May 29-31, 2024, at the Singapore EXPO. Fobi will participate as part of a delegation organized by the BC Government's Ministry of Jobs, Economic Development, and Innovation.

VANCOUVER, BC, May 15, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the launch of its new integrated event registration and ticketing platform. Designed to redefine the event registration and ticketing landscape, this innovative platform enhances the company's traditional Software-as-a-Service (SaaS) model by introducing additional revenue opportunities through ticket purchase transaction fees, thereby adding new revenue streams for Fobi.

VANCOUVER, BC, May 08, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce a new strategic partnership with Verifiction, a pioneer in data verification and authentication technology. This partnership is aimed at revolutionizing data verification and authentication to empower entities to safeguard their digital assets, ensuring the integrity and credibility of their work.

VANCOUVER, BC, May 07, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, announces the appointment of MNP LLP (“MNP”) as Auditor of the Company effective May 6, 2024.

The partnership will provide Red Truck Beer Company with a fully automated analytics dashboard to gain real-time visibility into consumer preferences, purchase behaviour, and market dynamics.

This partnership enables Fobi to highlight its advanced technology and strengthen its presence in the sports and entertainment sectors.

This agreement signifies the second agreement with VIB, building off of the previously announced agreement on August 16, 2023

Fobi to deliver a secured and convenient digital show credential along with a digital ticketing platform to support a seamless and personalized equestrian attendee experience.

Fobi to support the next evolution of theme park experiences by introducing seamless digital ticketing and exclusive pass bundles. These new features aim to provide attendees with enhanced convenience and value.

The agreement offers a fully automated analytics dashboard to gain real-time visibility into liquor retail store-level data and industry-level performance.

Fobi welcomes Bruce Cleland as VP of Marketing, prepared to drive exponential growth and elevate market positioning.

Fobi's digital ticketing technology will enable ROTH to deliver an enhanced event experience through streamlined check-in and increased engagement.

Fobi selected among nine other companies from over 1,500 applicants across 52 countries for this year's sports tech accelerator program.

VANCOUVER, BC, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF: OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that Fobi has signed a two-year license renewal with one of the world's leading insurance providers, further to the Company’s press release dated January 5, 2022.

Fobi continues to drive momentum in the sports and entertainment industry, signing multiple new deals with hockey organizations across North America.

Qples continues to drive momentum in the shopper marketing industry, presenting at the ACP Conference and announcing a new API integration.

Upon completion, the acquisition will enable Fobi to enhance its solutions suite by adding formal strategy and consulting services to its tech stack.

Fobi’s wallet pass technology will transform the organization’s traditional membership program, creating enhanced experiences for millions of members.

Successes in Leikbreytir’s home country of Iceland drive global momentum as the two parties aim for expansion in North America and continental Europe.

The new digital credential transforms the Council’s traditional identification system, delivering enhanced security, efficiency, and cost savings.

Fobi’s digital ticketing technology will enable Big Wheel to facilitate improved event experiences that drive increased engagement and charitable support.

Fobi’s wallet pass technology will enable GVCI to deliver enhanced event experiences that increase attendee engagement and proceeds to charity.

The agreement will provide a new, wallet pass-based digital loyalty program that personalizes customer engagement and further increases taproom visits.

The agreement offers a fully automated analytics dashboard to gain real-time visibility into liquor retail store-level data and industry-level performance.

The new digital offering will transform Wormland’s existing loyalty program, delivering an enhanced shopping experience through the mobile wallet.

The new partnership delivers its first win with the signing and commercial implementation of a smart transportation initiative in the Spanish municipality.

The Company receives a one-time, upfront payment of equity in BevWorks Brands in lieu of cash payments over the five-year licensing period.

Renewal agreement enables Qples to continue expanding its scale and impact as momentum for new 8112 Universal Digital Coupons accelerates.

VANCOUVER, BC, June 15, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to provide shareholders with the following mid-year corporate update regarding recent significant company initiatives.

The signing of Canadian insurance company Promutuel Insurance strengthens Fobi’s presence close to home in the North American market.

VANCOUVER, BC, May 23, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the appointment of Jason Tong as the Company’s new Chief Financial Officer (CFO), effective May 25, 2023.

Fobi’s couponing platform, Qples, will be hosting a webinar with The Coupon Bureau on May 23, 2023, to discuss the industry’s new digital standard.

Fobi to host shareholder update call on Tuesday, May 9, 2023, at 9:00am PST/12:00pm EST to discuss Q3 2023 financial results.

VANCOUVER, BC, May 01, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce its third quarter 2023 interim financial statements and associated management discussion and analysis (“MD&A”) will be filed on the Company’s profile on SEDAR at the end of the business day on May 8, 2023.

Fobi’s couponing platform, Qples, continues to drive significant momentum with multiple new deals signed through the ShopperBridge reseller agreement

Vancouver, BC, April 19, 2023 (GLOBE NEWSWIRE) -- FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) (the "Company" or "FOBI"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that further to its press release dated February 27, 2023, the company has closed the transactions contemplated by the share purchase agreement (the “SPA”) with Francisco Fiúza Da Silva Beirâo Belo (the “Vendor”), pursuant to which the Company acquired all of the issued and outstanding shares (the “Target Shares”) of Passworks S.A. (the “Target”) from the Vendor (the “Transaction”). Passworks is a leading European digital wallet and mobile marketing company with international clients such as luxury fashion retailer Hugo Boss, global coupon giant Catalina Marketing Corporation, and digital advertising leader Publicis.

Nicholls to drive the company's global growth strategy and execution in the liquor beverage industry.

VANCOUVER, BC, April 05, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company has signed a new annual North American license agreement with ParcelPal Logistics Inc. Fobi will provide its Wallet Pass platform and digital ID verification solution, AltID. The deal is a one-year contract with auto-renewal and includes an annual license fee of $55,000 and a fee of $0.10 per active pass per month, plus an additional $0.95 for each AltID verification.

VANCOUVER, BC, March 29, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company is expanding its technology solutions to the Asia-Pacific region (APAC), with the rollout of its technology officially launching in Japan.

Newly-appointed Chief Revenue Officer Colby McKenzie produces immediate return, solidifying the company’s largest contract to date.

Patent claims granted include crypto processing methods, digital receipt storage, and universal loyalty rewards programs.

VANCOUVER, BC, March 16, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company’s wholly-owned subsidiary, PulseIR, has signed a new deal with courier and logistics company, ParcelPal Logistics Inc. ParcelPal specializes in providing last-mile delivery and logistics solutions across various industries, including pharmacy and health, meal kit deliveries, retail, and groceries, and works with top B2C and B2B brands such as Amazon, GoodFood, Sysco@Home, and Electronic Arts. PulseIR is a platform as a service (PaaS) and Fobi will generate $120,000 in revenue for the one-year contract. This revenue will be recognized in accordance with IFRS policies over the 12 months of the contract.

bBIG signing helps expand Qples’ reseller network and represents a significant opportunity for Fobi to digitally transform the US military market.

VANCOUVER, British Columbia, March 01, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce its second quarter 2023 interim financial statements and associated management discussion and analysis (“MD&A”) have been filed on the Company’s profile on SEDAR.

VANCOUVER, BC, March 01, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the appointment of Colby McKenzie as Chief Revenue Officer (CRO). The new addition will further accelerate the company’s growth and help realize the expected earnings potential.

Vancouver, BC, Feb. 27, 2023 (GLOBE NEWSWIRE) -- FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) (the "Company" or "FOBI"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that further to its press release dated January 13, 2022, the company

In partnership with TELUS, Fobi will work with Predator Ridge to roll out a multi-phase digital transformation project starting with a new digital credential program for residents, members and guests of the resort 

SMS PROMO works with some of the largest Tier 1 CPG Brands in the world to deliver traditional print-based promotions & coupons

Turnium signing represents third PulseIR deal in last ten days since commercial launch, showing significant momentum for Fobi’s data-driven IR platform

VANCOUVER, B.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF: OTCQB) (the “Company” or “FOBI”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company’s annual contract with one of the world's leading insurance providers has automatically renewed. Fobi will earn $260,000 in revenue as per the contract’s annual renewable terms. Revenue will be recognized throughout the 12-month term in accordance with standard IFRS policies.

VANCOUVER, BC, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company’s wholly-owned subsidiary, PulseIR, has signed a new deal with integrated healthcare provider, Empower Clinics. Empower offers a telemedicine platform for healthcare and diagnostics solutions across the U.S. and Canada. PulseIR is a platform as a service (PaaS) and Fobi will generate $120,000 in revenue for the one-year contract. This revenue will be recognized in accordance with IFRS policies over the 12 months of the contract.

VANCOUVER, BC, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the commercial launch of its wholly-owned subsidiary, PulseIR, with the signing of its first customer, PanGenomic Health Inc. PanGenomic offers a self-care digital platform to deliver personalized, evidence-based information about natural and plant-based health treatments. PulseIR is a platform as a service (PaaS) and will generate revenue through an annual license and initial setup fee.

Deal with Wunderman Thompson Netherlands offers brands a new way to enhance customer engagement.

VANCOUVER, British Columbia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Fobi AI Inc. (“the “Company” or “FOBI”) (TSXV:FOBI; OTCQB: FOBIF) is pleased to announce voting results from the Company’s Annual General Meeting of Shareholders held on December 15, 2022 (“AGM”). All matters voted upon were outlined in the Company’s Management Information Circular dated October 31, 2022 (“Circular”). A total of 47,716,574 common shares of the Company (“Shares”) were voted, representing the votes attached to 31.41% of all outstanding Shares as at the record date.

Deal with Van Isle Beauty delivers a membership and loyalty platform designed specifically for the Beauty and Health space.

Tap2Win significantly improves the customer experience for retail giveaways and drives improved customer acquisition and engagement for retailers and brands

The Event Technology Awards are celebrating their tenth anniversary and recognise the achievements of companies delivering digital and technological solutions to the events industry.

PARTNERSHIP TO DELIVER INTEGRATED MOBILE WALLET FUNCTIONALITY AS WELL AS ADVANCED ANALYTICS FOR PROFESSIONAL AND COLLEGE SPORTS TEAMS AND VENUES THROUGHOUT NORTH AMERICA

VANCOUVER, British Columbia, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), a leading data intelligence company using artificial intelligence to help clients turn real-time data into actionable insights and personalized customer engagement is pleased to announce its annual financial statements and associated management discussion and analysis (“MD&A”) have been filed on the Company’s profile on SEDAR.

Inclusion in the S&P/TSX Venture Composite Index Provides FOBI With Significant Exposure & Visibility To Index Funds, Institutional Investors And Large Family Offices

Expands Fobi’s CheckPoint Conference & Event Management product portfolio to include Hybrid (on site and remote) events, and provides Fobi access to Streamboxy’s Tier 1 European Customers

VANCOUVER, B.C., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing real-time data analytics through artificial intelligence to drive operational efficiencies and profitability, provides a Corporate Update to the market. As a result of a review by the British Columbia Securities Commission (“BCSC”), we are issuing the following news release to update our disclosure with respect to certain programs and contract negotiations.

Qples Affiliate Marketing Platform signs on first 10 influencers, immediately expanding the Qples distribution and audience by over 10x

Ideal POS One of Canada’s Largest POS Providers, Covering Over 1000+ Locations Across Saskatchewan, Manitoba and Ontario.

XInfluence is an industry-leading influencer & data platform servicing Tier 1 CPG (FMCG) Brands & Retailers including Unilever, Jamison Whiskey and Marks & Spencer.

Fobi set to deliver digital customer membership cards for one of the world’s largest fashion and retail brands, based in Amsterdam