Fobi AI announces the appointment of a new auditor

Fobi AI announces the appointment of a new auditor

Fobi AI Inc.Fobi AI Inc.

Fobi AI Inc.

VANCOUVER, British Columbia, May 7, 2024 (GLOBE NEWSWIRE) — Fobi AI Inc. (FOBI: TSXV) (FOBIF: OTCQB) (the “Company” or “Fobi”), an industry leader in leveraging AI and data intelligence to enable digital transformation, announces the appointment of MNP LLP (“MNP“) as auditor of the Company from May 6, 2024.

Rob Anson, CEO of Fobi AI, said: “I am pleased to announce our new partnership with MNP, a highly respected and professional auditing group. This appointment marks a positive step for our organization as we collaborate with one of the industry’s leading experts in financial auditing. Joining forces with MNP demonstrates our commitment. to ensure seamless and on-time execution of our 2024 year-end financial reporting period. We look forward to benefiting from the increased value and assurance this partnership will bring to our stakeholders.

The Company informs that following the press release dated April 25, 2024 (“Wallet exit“) regarding the Company’s transaction with Wallet Communications SL (“WalletCom transaction“), the Company closed the WalletCom Transaction and issued 476,126 ordinary shares in the capital of the Company (“Fobi Actions“) to Wallet Communications SL as indicated in Wallet’s press release. The Fobi Shares are subject to a legal hold period and will become free to trade from September 8, 2024.

The Company also informs that, following the Company’s press release dated October 18, 2023, the Company continues to use Paradox Public Relations (“Paradox) to provide financial market advisory and investor relations services to the Company. Paradox has no interest, directly or indirectly, in the Company or its securities, nor any right or intention to acquire any such interest other than the incentive stock options as described in the October 18 press release. 2023, the terms and conditions of which remain unchanged. Paradox is an independent party to the Company.

This press release is available on the Fobi website.

To download the Fobi Investor Experience Wallet Pass and gain enhanced access to investor information on Fobi, please visit our Investor Experience Page.

About Fobi AI
Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to harness, leverage and monetize their customer data by delivering personalized, data-driven customer experiences, and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale .

Fobi works with some of the world’s largest organizations in retail and FMCG, insurance, sports and entertainment, casino gaming and much more. Fobi is a recognized leader in data technology and intelligence in North America and Europe, and is the largest data aggregator for the hospitality and tourism sector in Canada.

On behalf of the board of directors of the company

Rob Anson
President, CEO and director

For more information please contact:

Fobi AI Inc.

Fobi website:

Rob Anson, CEO

Facebook: @ Fobiinc

T: +1 877-754-5336 Ext. 3

Twitter: @ Fobi_inc

E : [email protected]

LinkedIn: @ Fobiinc

This press release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi’s business and technology; Fobi’s ability to engage with industry stakeholders to achieve its objectives; the development of Fobi technology; and the viability of Fobi’s business model. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi’s control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Fobi believes that the expectations contained in its forward-looking statements are reasonable, they are based on factors and assumptions regarding future events that may prove to be inaccurate. These factors and assumptions are based on currently available information. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by applicable law, Fobi undertakes no obligation to publicly update or revise any included forward-looking statements. whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. Trading in Fobi securities should be considered highly speculative. There can be no assurance that Fobi will be able to achieve all or any of the proposed objectives.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.