Friday, August 1, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Artificial Intelligence

Fobi AI Provides Corporate Update

November 1, 2024
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 8 mins read
5
SHARES
243
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

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.

CEO’S STATEMENT ON STRATEGIC DEVELOPMENTS

Rob Anson, CEO of Fobi AI, states: “We recognize that we’ve been quieter than usual lately, but this has been intentional as we work through several key strategic initiatives. Our focus has been on executing our product roadmap. We are excited about the value we are creating and are fully committed to delivering exceptional outcomes to our clients. We are currently evaluating several strategic opportunities and look forward to sharing updates as they develop.”

‎FOBI AI LAUNCHES INTEGRATED PAYMENT PROCESSING WITHIN EVENT AND TICKETING PLATFORM

This summer, Fobi AI introduced a new payment processing feature within our innovative event and ticketing platform. This integration marks a significant leap forward, empowering event organizers and attendees to enjoy seamless transactions while unlocking new revenue opportunities for Fobi AI.

With this powerful new feature, Fobi AI is generating revenue through merchant payment processing fees at a competitive rate of 2.9% on the total transaction amount, along with a nominal service charge of $0.30 per transaction. Moreover, our event and ticketing platform offers mobile wallet capabilities, enabling users to manage their transactions with ease. Fobi AI charges a $2.99 transaction fee and a $0.99 service fee.

This newly integrated product immediately has enhanced our revenue while strengthening our position and quest to become an industry leader in the ticketing and event space.

COMCAST SPORTSTECH 2024 A KEY CATALYST IN SHAPING FOBI’S FUTURE

Comcast SportsTech program has been a pivotal catalyst for our recent developments. The insights and invaluable takeaways from this program have reshaped our strategic positioning and bolstered our market relevance as a true leading mobile wallet pass company. This year’s participation in the SportsTech program has opened up various avenues, including business prospects and interest from potential investors, which we are considering for potential partnerships and collaborations.

STRATEGIC RESTRUCTURING OF QPLES

In alignment with our growth strategy over the past few months, the company has been thoroughly analyzing all areas of the business and embarking on a strategic restructuring of Qples. This initiative aims to strengthen our balance sheet by optimizing operations and aligning resources to enhance the business’s ability to meet our clients’ needs as they adapt to market changes.

Rob Anson, CEO of Fobi AI, emphasizes: “The acquisition of Qples was driven by the goal of integrating Fobi’s wallet pass technology to revolutionize the traditional clip-and-print coupon promotion business model. This integration facilitates a transition toward emerging digital solutions, particularly within the 8112 digital coupon standard. While the adoption and rollout of the new 8112 industry standard have taken longer than we initially anticipated, we remain confident that Qples is well-positioned to capitalize on the inevitable industry shift.”

Qples will continue to operate and manage campaigns effectively under Fobi Canada. We are also exploring various licensing opportunities that could potentially benefit Fobi in allowing us to maintain ownership of the IP, yet generating revenue and addressing the current losses reflected in Qples.”.

FURTHER PROJECT UPDATES: TBIRD SHOW PARK, AIRPORT TRANSPORTATION, GLOBAL SPORTING EVENTS AND DIGITAL IDENTITY PROGRAMS.

In April, the company announced a two-year deal with Tbird Equestrian Show Park. Following a successful first season, we have leveraged our learnings and visibility to deliver the Fobi suite of products to numerous other show parks throughout North America.

Additionally, we have experienced further growth in the transportation industry, with successful paid pilots completing last month. This summer, we supported and serviced some of the largest global events, and we are engaged in various digital identity projects across North America. We anticipate providing updates and timely disclosures as these projects progress.

Rob Anson, CEO of Fobi AI: “Our team is working off the success of our recent product releases, business development efforts and client projects. These initiatives and partnerships reflect our unwavering commitment to solid execution, product innovation, and market leadership. As we file our financials, we look forward to sharing insights and further exploring our strategic business growth.”

This press release is available on the Fobi website.

To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about 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 action, leverage, and monetize their customer data by powering personalized and 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 largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada’s hospitality & tourism industry.

For more information, please contact:

Fobi AI Inc. Fobi Website: http://www.fobi.ai
Rob Anson, CEO Facebook: @Fobiinc
T: +1 877-754-5336 Ext. 3 X: @Fobi_inc
E: ir@fobi.ai LinkedIn: @Fobiinc

This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi’s business and technology; the ability of Fobi to engage with industry participants to achieve its goals; the development of Fobi’s technology; and the viability of Fobi’s business model. Such 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 in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such 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 the 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 news release are made as of the date of this news release and, except as required by applicable law, Fobi does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Fobi should be considered highly speculative. There can be no assurance that Fobi will be able to achieve all or any of its 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.

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

WISeKey PKI and SEALSQ Post-Quantum Technologies Enhance E-Voting Security through Advanced Cybersecurity and AI Integration

Next Post

ATA Creativity Global to Release 2024 Third Quarter Financial Results on November 7

Related Posts

Innodata Reports Second Quarter 2025 Results with Revenue up 79% Year-Over-Year and Raises Full Year Guidance

NEW YORK, NY / ACCESS Newswire / July 31, 2025 / INNODATA INC. (Nasdaq:INOD) today reported results for the second quarter ended June 30, 2025. Revenue of $58.4 million, representing 79% year-over-year organic revenue growth. Adjusted EBITDA of $13.2 million, an increase of $10.4 million from $2.8 million in the...

Read moreDetails

Altigen Technologies Reports Third Quarter Results for Fiscal Year 2025

NEWARK, CALIFORNIA / ACCESS Newswire / July 31, 2025 / Altigen Technologies (OTCQB:ATGN), a leading Silicon Valley-based Microsoft Cloud Communications Solutions provider, announced today its financial results for the third quarter ended June 30, 2025. Key Financial Highlights (3Q 2025 versus 3Q 2024) Net Revenue increased 7% to $3.52 million...

Read moreDetails

Switchfly Travel Loyalty Tech Set to Exceed $2 Billion in 2025 Transactions

DENVER, CO / ACCESS Newswire / July 31, 2025 / Switchfly, the travel loyalty technology that drives revenue, has today revealed it has facilitated more than $1.2 billion in travel bookings across one million transactions in the first half of 2025. By year-end, the company expects to reach 2.4 million...

Read moreDetails

Early Education Machine Market is Going to Boom Worldwide | Major Giants Lingokids, BYJU’S, PlayShifu

Early Education Machine HTF MI recently introduced Global Early Education Machine Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is...

Read moreDetails

ASSEMBLY APPOINTS ALAP GHOSH AS FIRST CEO OF INDIA

Former Google India executive to lead unified national operations across Mumbai and Bangalore. MUMBAI, India, July 31, 2025 /PRNewswire/ -- Assembly, a global omnichannel media agency within the Stagwell network, today announced the appointment of Alap Ghosh as its first-ever CEO for India. Based in Mumbai, Ghosh will officially step into...

Read moreDetails

The AR Alliance Welcomes Magic Leap, Tekscend Photomask, and UC San Diego as New Members

PISCATAWAY, N.J., July 31, 2025 (GLOBE NEWSWIRE) -- The AR Alliance a program of the ISTO federation that is dedicated to advancing open and interoperable augmented reality (AR) ecosystem standards, proudly announces the addition of four influential members: Magic Leap, Tekscend Photomask, and University of California San Diego. These new...

Read moreDetails

The Pink Salt Trick Recipe for Fast Weight Loss Trend in 2025: Why Trimology Is the Science-Backed Alternative

New York City, NY, July 31, 2025 (GLOBE NEWSWIRE) -- Pink Salt Trick Recipe Explained: Why It’s Trending for Weight Loss A viral wellness trend called the “Pink Salt Trick” has swept social media—particularly TikTok, Instagram, and wellness blogs. The hype: a morning ritual mixing Himalayan pink salt, water, lemon...

Read moreDetails

Immunefi Adds Onchain Monitoring to Protect $180B+ in Digital assets as 2025 Crypto Hacks Top $3.1B

Immunefi’s Magnus platform becomes first unified system to monitor smart contracts, social engineering, and reputational threats in real-time, bringing together Fuzzland and Failsafe to catch smart contract exploits, social engineering attacks, and brand threats in real-time. AUSTIN, Texas – July 31, – With crypto hacks surpassing $3.1 billion in 2025 and...

Read moreDetails

Sleep Lean: Why SleepLean Is the Nighttime Fat Burner Everyone’s Talking About in 2025 (INVESTIGATIVE REPORT)

New York City, NY, July 31, 2025 (GLOBE NEWSWIRE) -- As the connection between quality sleep and body composition gains wider recognition, a new supplement is capturing attention for its unique nighttime approach: Sleep Lean. Both early users and wellness enthusiasts are praising it as a promising step forward in...

Read moreDetails

Introducing Rippling Travel: For Faster Bookings, Smarter Spending, and Better Travel

SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) -- Rippling, a leading business software company, today announced the launch of Rippling Travel, allowing companies to save more time and money on business travel. Rippling Travel unifies expense management, corporate cards, bill pay, payroll, and travel booking all within a single, integrated...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    83 shares
    Share 33 Tweet 21
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    46 shares
    Share 18 Tweet 12
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    64 shares
    Share 26 Tweet 16
  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    42 shares
    Share 17 Tweet 11
  • Red Cat Partners with ESAero to Support Manufacturing for Teal’s Black Widow™

    6 shares
    Share 2 Tweet 2
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • Innodata Reports Second Quarter 2025 Results with Revenue up 79% Year-Over-Year and Raises Full Year Guidance
  • Altigen Technologies Reports Third Quarter Results for Fiscal Year 2025
  • Estimating Edge Releases New Fireproofing Enhancements in the EDGE(R) Software
  • Switchfly Travel Loyalty Tech Set to Exceed $2 Billion in 2025 Transactions
  • Early Education Machine Market is Going to Boom Worldwide | Major Giants Lingokids, BYJU’S, PlayShifu

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.