Fobi CEO
MULTIPLE PILOT PROJECTS INCLUDING SOBEYS,
Fobi announced several large-scale pilot projects early in 2021 that ended up taking longer than expected to complete due to COVID-19 restrictions in the workplaces of our pilot partners. Nonetheless, with restrictions around the world easing over the past several weeks and pilot partners able to scale pilot transactions with the resulting capacity increases, many of our pilot projects have now successfully ended and advanced to corporate and legal review of proposed commercial terms and roll out.
Moreover, a couple of our pilot projects have demonstrated such success that pilot partners are expanding the scope of their pilots with the addition of digital receipting, wallet pass loyalty applications, digital activations, and promotions.
The currently disclosed list of pilot projects includes Sobeys, TELUS,
FOBI ON TRACK WITH PLAN TO UPLIST TO MAJOR EXCHANGES IN FOURTH QUARTER
On
PRIVATE PLACEMENT AND WARRANT EXERCISES TOTALLING OVER
In anticipation of our corporate and capital markets growth requirements in 2021, Fobi received strong shareholder support as demonstrated by the most recent
SENIOR MANAGEMENT TEAM NOW IN PLACE AND READY TO EXECUTE
With the recent additions of Former NielsenIQ Richard Lee as SVP of Corporate Strategy, as well as former NTT Data executive
PASSCREATOR GENERATES OVER
Passcreator had one of the best quarters in its history, realizing
The acquisition of Passcreator is already paying off with significant recurring revenue, as well as commencement of negotiations with several of its largest Wallet pass customers and prospects to implement Fobi devices.
This Press Release Is Available on the Fobi website and the FOBI Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement
About FOBI
FOBI 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:
FOBI Website: www.fobi.ai | ||
Facebook: @ FOBIinc | ||
T: +1 877-754-5336 Ext. 4 | Twitter: @ FOBI_inc | |
E: ir@fobi.ai | LinkedIn: @ FOBIinc |
This news release contains certain statements which constitute forward-looking statements or information, including statements relating to the use of proceeds from the Offering. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic and capital markets conditions, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company 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 plans, operations, 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, the Company 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 the Company should be considered highly speculative. There can be no assurance that the Company will be able to achieve all or any of its proposed objectives.
Neither the
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