Kingsley Fobi

Qples by Fobi Announces 77% Sales Growth YoY with Increased Momentum From Media Solutions, AI (8112) Coupons, & New API Integration

Retrieved on: 
Thursday, November 2, 2023

Qples is currently negotiating several new partnerships to introduce a new Discovery API that will help brands further leverage Qples’ digital coupon capabilities and inventory.

Key Points: 
  • Qples is currently negotiating several new partnerships to introduce a new Discovery API that will help brands further leverage Qples’ digital coupon capabilities and inventory.
  • With the combination of our new Discovery API, digital media, and new AI (8112) capabilities, marketers can finally see a full end-to-end journey of their customers."
  • Rob Anson, CEO of Fobi AI, highlights the fast-paced evolution of mobile industry practices and standards, especially with regard to the AI (8112) digital format: “Qples has consistently achieved impressive growth numbers.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Announces Application for Voluntary MCTO

Retrieved on: 
Friday, October 27, 2023

The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

Key Points: 
  • The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
  • Rob Anson, CEO of Fobi AI, states: “Our business is growing and has expanded its operations globally, which has brought about certain complexities.
  • After careful consideration, we have made the decision to file a voluntary MCTO (Management Cease Trade Order) and take proactive measures to safeguard the liquidity of our stock.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Enters Into Definitive Agreement To Acquire Spanish Digital Wallet Agency Wallet-Com To Expand Global Wallet Pass Portfolio & Expertise

Retrieved on: 
Wednesday, October 18, 2023

Wallet-Com provides communications and marketing technology to over 200 global customers, including Lacoste, Hyundai, and McDonald’s.

Key Points: 
  • Wallet-Com provides communications and marketing technology to over 200 global customers, including Lacoste, Hyundai, and McDonald’s.
  • The acquisition of Wallet-Com is expected to enable Fobi to strategically build a service offering on top of its existing technology stack, expanding the Company’s portfolio to formal consulting services and extensive mobile marketing expertise.
  • Colby McKenzie, CRO of Fobi AI, states: “We outlined an aggressive M&A strategy earlier this year and have focused on supporting the expansion of our wallet business.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Signs Multi-Year Agreement Projected at $1.1M CAD with One of Europe’s Largest Membership Organizations

Retrieved on: 
Wednesday, October 11, 2023

Under this agreement, Fobi will provide a range of digital services, including digital membership and client communications to up to 20 million of the organization’s members.

Key Points: 
  • Under this agreement, Fobi will provide a range of digital services, including digital membership and client communications to up to 20 million of the organization’s members.
  • Over the term of the contract, the Company expects to generate a projected $1.1 million CDN in revenue, with a 90% profit margin.
  • The revenue sources will include onboarding and setup fees, along with monthly fees for active membership passes.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Expands Partnership with Gift Card Solution, Leikbreytir

Retrieved on: 
Tuesday, October 10, 2023

Since 2021, Leikbreytir has used Passcreator to power their Gift to Wallet platform, a gift card and loyalty SaaS product designed for shopping malls and retail operators.

Key Points: 
  • Since 2021, Leikbreytir has used Passcreator to power their Gift to Wallet platform, a gift card and loyalty SaaS product designed for shopping malls and retail operators.
  • Yngvi Tómasson, CEO of Leikbreytir, states: “We are thrilled to have signed this new partnership agreement with Fobi AI as we see them as a leader in client experience innovation.
  • The agreement with Fobi is perfectly suitable for scaling our Gift to Wallet solution and we are looking forward to addressing new markets together.”
    Rob Anson, CEO of Fobi AI, states: “We are excited to expand our partnership with Leikbreytir, a leader in digital development and IT solutions.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Passcreator by Fobi Partners with Techfinity to Deliver Digital Credentials for the Legal Practice Council of South Africa

Retrieved on: 
Wednesday, October 4, 2023

The Legal Practice Council is a national, statutory body in South Africa which regulates the affairs of and exercises jurisdiction over all legal practitioners (attorneys and advocates) within the country, which includes approximately 72,000 practicing individuals.

Key Points: 
  • The Legal Practice Council is a national, statutory body in South Africa which regulates the affairs of and exercises jurisdiction over all legal practitioners (attorneys and advocates) within the country, which includes approximately 72,000 practicing individuals.
  • Fobi will earn revenue from this deal with LPC via monthly fees based on the volume of active passes.
  • Through Passcreator, the Legal Practice Council has successfully transformed its traditional identification system from plastic cards to digital credentials, resulting in enhanced security, increased efficiency, and substantial cost savings.
  • Herman Otto, Managing Director at Techfinity, states: "Our work with the Legal Practice Council and Fobi has allowed us to deliver a key digital transformation project for a growing number of legal practitioners.

Fobi AI Announces Completion of Non-Brokered Private Placement

Retrieved on: 
Monday, October 2, 2023

VANCOUVER, BC, Oct. 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 further to its press releases dated August 22, 2023, September 1, 2023, and September 18, 2023, the Company has completed its non-brokered private placement financing (the “Offering”) for an aggregate of 6,806,271 units of the Company ("Units") at a price per Unit of $0.22 for aggregate gross proceeds of $1,497,360. Each Unit consisted of one (1) common share in the capital of the Company (a “Common Share”) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of C$0.30 until the earlier of three (3) years from the closing of the respective date of closing of each tranche; and (ii) in the event the volume weighted average price of the Common Shares on the TSX Venture Exchange (the “TSXV”) for any continuous 10 trading day period meets or exceeds $0.50 following the closing of the Offering (the “Acceleration Condition”), the date that is thirty (30) days following the issuance of a news release by the Company announcing the acceleration of the expiry of the Warrants, which such news release may be issued at any time following the trigger of the Acceleration Condition (the “Acceleration Right”). For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.

Key Points: 
  • Each Unit consisted of one (1) common share in the capital of the Company (a “Common Share”) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant”).
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI To Provide Digital Ticketing Solution for the Second Annual Big Wheel Charity Golf Classic Tournament

Retrieved on: 
Tuesday, September 12, 2023

VANCOUVER, BC, Sept. 12, 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 its digital ticketing technology will be utilized for the second consecutive year to support the Big Wheel Charity Golf Classic tournament.

Key Points: 
  • VANCOUVER, BC, Sept. 12, 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 its digital ticketing technology will be utilized for the second consecutive year to support the Big Wheel Charity Golf Classic tournament.
  • In its inaugural event in 2022, the Big Wheel Charity Golf Classic raised over $73,000 in charitable donations.
  • Following the success of the Company’s partnership with Big Wheel for its first annual charity golf tournament in 2022, Fobi will once again provide its digital ticketing technology to deliver an enhanced attendee experience at this year’s event on Thursday, September 14, 2023, at the Cottonwood Golf Course in Nanaimo, B.C.
  • Aaron Pritchett, Co-Founder of the Big Wheel Golf Classic, states: “Giving back to the community who has supported me throughout my career is so important to me.

Fobi AI Announces Closing of First Tranche of Non-Brokered Private Placement

Retrieved on: 
Friday, September 1, 2023

VANCOUVER, BC,, Sept. 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 completion of its first tranche closing (the “First Tranche”) of a non-brokered private placement financing previously announced on August 22, 2023 (the “Offering”). The First Tranche was comprised of the issuance of 4,651,681 units of the Company at a price per Unit of C$0.22 for aggregate gross proceeds of $1,023,370. Each Unit consisted of one (1) common share in the capital of the Company (a “Common Share”) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of C$0.30 until the earlier of: (i) August 31, 2026; and (ii) in the event the volume weighted average price of the Common Shares on the TSX Venture Exchange (the “TSXV”) for any continuous 10 trading day period meets or exceeds $0.50 following the closing of the Offering (the “Acceleration Condition”), the date that is thirty (30) days following the issuance of a news release by the Company announcing the acceleration of the expiry of the Warrants, which such news release may be issued at any time following the trigger of the Acceleration Condition (the “Acceleration Right”). For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.

Key Points: 
  • VANCOUVER, BC,, Sept. 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 completion of its first tranche closing (the “First Tranche”) of a non-brokered private placement financing previously announced on August 22, 2023 (the “Offering”).
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • Rob Anson, Chief Executive Officer of the Company participated in the First Tranche for $65,000 or 295,454 Units.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Announces Private Placement of Units for Aggregate Gross Proceeds of Up To $3,000,000

Retrieved on: 
Wednesday, August 23, 2023

VANCOUVER, BC, Aug. 22, 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 a non-brokered private placement financing (the “Offering”) of up to 13,636,363 units of the Company (“Units”) at a price per Unit of C$0.22 for aggregate gross proceeds of up to approximately C$3,000,000.

Key Points: 
  • VANCOUVER, BC, Aug. 22, 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 a non-brokered private placement financing (the “Offering”) of up to 13,636,363 units of the Company (“Units”) at a price per Unit of C$0.22 for aggregate gross proceeds of up to approximately C$3,000,000.
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • The Company intends to use the net proceeds of the Offering for product expansion and integration, market expansion and general working capital and corporate expenses.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .