Fobi Ai Inc Stock Price, News & Analysis

Fobi AI Inc. (FOBIF) has successfully renewed its annual contract with a leading global insurance provider, resulting in $260,000 in expected revenue. This contract will be recognized over the next 12 months in line with IFRS standards. Fobi's Wallet Pass platform empowers the issuance of digital proof of insurance across five European nations, enhancing customer experience and improving claim processing. The insurance client valued Fobi’s unique features, customization, and GDPR compliance, demonstrating commitment through API integrations. Fobi operates in various sectors, solidifying its position as a leading digital solution provider in the insurance market.

Fobi AI Inc. (FOBIF), a leader in AI and data intelligence, has announced a $120,000 contract with Empower Clinics through its subsidiary, PulseIR. This partnership will enhance investor relations using PulseIR's platform for personalized communication. The revenue will be recognized over the one-year contract period. PulseIR, launched on January 30, 2023, aims to provide automated investor relations solutions. Empower CEO Steven McAuley highlighted its importance for understanding and retaining investors, while Fobi's CEO Rob Anson noted growing interest in PulseIR services, indicating potential for significant growth and scalability.

Fobi AI Inc. (FOBI:TSXV) has launched its subsidiary PulseIR, securing its first client, PanGenomic Health Inc. PulseIR offers a PaaS for investor relations, allowing companies to enhance digital communication with investors through real-time updates. This initiative addresses the growing demand for sophisticated digital engagement in investor relations, providing a more personalized experience. Fobi's CEO, Rob Anson, highlighted the significance of data-driven transformation in today's market. Additionally, the company granted 3,814,892 stock options to employees, aimed at incentivizing growth. The options have an exercise price of $0.325, vest immediately, and expire in five years.

Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) has partnered with Wunderman Thompson Commerce & Technology Netherlands to enhance customer engagement through the Passcreator Wallet Pass platform. This innovative solution allows brands to distribute loyalty cards, promotions, and tickets directly to mobile wallets, tapping into the growing popularity of mobile wallet usage, projected to exceed 5 billion users by 2026. With features including real-time content updates and GDPR compliance, Fobi seeks to improve customer retention and communication without heavy app development costs. CEO Rob Anson emphasizes the significance of this key partnership for accessing top-tier customers.

Fobi AI Inc. (FOBI) held its Annual General Meeting (AGM) on December 15, 2022, with 47,716,574 shares voted, representing 31.41% of outstanding shares. Shareholders approved key resolutions including the appointment of four directors: Rob Anson, Peter Green, Michael Devine, and Jeffrey Hyman. Additionally, Manning Elliott LLP was appointed as the company’s auditor for the upcoming year. The Company also settled $226,970 in debt by issuing 510,045 shares at a price of $0.445 per share, with the settlement approved by the TSX Venture Exchange.

Fobi AI Inc. (FOBIF) has launched a new membership and loyalty platform for the beauty and health sector, partnering with Van Isle Beauty Co.. This initiative aims to enhance customer retention and increase revenue through an initial setup fee and ongoing monthly license fees. The Passcreator platform allows Van Isle Beauty to integrate customer data for personalized marketing, driving online sales and in-store visits. The collaboration also includes exclusive promotions for Van Isle Beauty's clients, enhancing their overall experience and engagement.

Fobi AI Inc. (FOBIF) announced the launch of Tap2Win, a revolutionary retail giveaway solution aimed at enhancing customer experience and improving customer acquisition for retailers and brands. By utilizing Fobi's Wallet Pass platform and SmartTap devices, Tap2Win digitizes traditional giveaway methods, allowing customers to enter contests seamlessly via their mobile phones. This innovation not only streamlines the entry process but also ensures customer data is accessible and actionable for marketing efforts, thus transforming the way brands connect with consumers.

Fobi AI Inc. (FOBIF) has announced a strategic partnership with FanMaker to enhance mobile wallet functionality and advanced analytics for professional and collegiate sports teams across North America. This collaboration aims to integrate real-time data analytics and a seamless mobile wallet experience, improving fan engagement and monetization opportunities for sports organizations. FanMaker, known for its loyalty programs, will leverage Fobi's capabilities to strengthen its offerings, creating more personalized fan experiences and expanded corporate sponsorship opportunities.