Fobi AI Inc. Inc. (FOBI:TSXV FOBIF:OTCQB) (the “Company” or “Fobi”), a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, announced it has signed an agreement with Amazon for distribution and fulfillment of Fobi AI’s various hardware products. As part of the agreement, Fobi will also become an Amazon Business Seller which will enable Fobi to gain access to Amazon’s global e-commerce, logistics and fulfillment infrastructure.  

By joining Amazon Business, Fobi immediately reaches over 5 million business customers in nine countries: a network that Fobi is very proud to now be included in. Fobi will now generate additional revenue through hardware, products and services sold on Amazon Business.

Fobi will be launching their Fobi 3.0 IoT hardware devices in the coming weeks on Amazon Business. Fobi’s proprietary IoT device will provide Amazon Business customers with real-time point of sale connectivity through capturing and attributing first-party data in real-time.

The Fobi 3.0 product offering will also include access to Fobi’s Data Exchange which leverages the power of artificial intelligence and machine learning to provide actionable insights and data utilization. All offerings will include the company’s current and future engagement programs through Fobi’s Wallet Pass and Coupon platforms. Other products to be launched include Fobi’s Smart Tap NFC tap devices for contactless Wallet Pass verification for venues and events. Also, Fobi’s new Smart Scanner product that consists of a tablet or a kiosk and software that can be used to scan and verify Fobi Wallet passes such as employee IDs, event tickets and even Fobi’s CheckVax™ digital proof of vaccination and Covid testing.  

Fobi CEO Rob Anson stated, “As a result of COVID-19, businesses and consumers have been hindered by major disruptions to the global supply chain. As we are now set to roll out our Fobi 3.0 IoT devices globally and as we anticipate a record-breaking year for the Company in 2022, leveraging Fulfillment by Amazon is something we have been working on for quite some time and we are very pleased that we will now be ready to launch in January 2022. For a fast-paced growing company like Fobi, it is extremely fortunate that we can now leverage the strengths of Amazon as we go to market, and there is simply no one stronger than Amazon when it comes to logistics, product distribution and support. This move is a key stepping-stone in strengthening our reseller channel and growing our global client base even further.”
  
This Press Release Is Available on the Fobi Website, as well as 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.

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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.

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