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 announce that the
Company has signed a data license agreement with Vancouver Island
Brewing (VI Brewing), one of Canada’s original craft breweries.
This strategic partnership will equip the brewery with advanced
data analytics capabilities to drive exponential growth and
innovation in today’s heavily competitive craft beer industry.
Rob Anson, CEO of Fobi AI, states: “We are
thrilled about the continuous growth and expansion of our
partnership with Vancouver Island Brewing. Additionally, we are
proud of the recognition and validation that our Fobi Data Exchange
brings to the beverage and liquor industry. The growing momentum
and traction we are seeing highlight the significant value that
automation and real-time capabilities provide to organizations in
this industry. We take great pride in leading the way with our Fobi
Data Exchange and we are pleased with yet another win here.”
FOBI'S REAL-TIME ANALYTICS TO EMPOWER QUICKER, SMARTER,
DATA-DRIVEN DECISION-MAKING
In today's beverage market, businesses face challenges accessing
actionable insights due to fragmented data sources and siloed
information, particularly at the retail store level. Many breweries
operate without clear visibility, making important business
decisions regarding performance gaps, forecasting, and operations
blindly. Fobi's Data Exchange revolutionizes data access by
offering a fully automated platform with real-time, actionable
insights, at both the retail store and industry level, turning
instinct-driven approaches into smarter, data-driven decisions. By
leveraging and automating data effectively, Fobi’s Data Exchange
allows businesses to pinpoint market gaps, capitalize on
opportunities, and optimize resource allocation with precision.
With 40 years of brewing excellence, Vancouver Island Brewing
consistently strives to remain at the forefront of trends,
innovation, and technological advancements. However, the beer
industry is facing ongoing competition from the growth of other
categories, like wine, ready-to-drink (RTD) and Non-Alc beverages.
Following the successful implementation of our digital loyalty
program at VI Brewing in 2023, Fobi will expand its partnership
with the brewery, offering a custom analytics dashboard, providing
real-time visibility into actionable insights and forecasting
capabilities, down to the city and regional levels.
By gaining invaluable insights into consumer purchasing
behaviour, preferences, and patterns, the brewery can tailor its
offerings, marketing strategies, and operational tactics to exceed
the evolving expectations of its customer base and maintain its
position as a leader in the craft beer landscape.
Zachary Van Der Ende, Director of Sales at VIB,
states: "It's extremely exciting to begin working with
Fobi Analytics! As a sales team that prides itself on providing
value to our customers, the data insights that we are going to
garner from working with Fobi Analytics are only going to enhance
the partnerships we have with our private retail customers in
British Columbia. The Fobi Analytics platform is in-depth and
extremely user-friendly. The data that it will provide will be
instrumental in helping grow our brands in a competitive beer
market."
David Nicholls, VP of Liquor Beverage at Fobi AI,
states: "Breweries constantly need to evolve in this
highly competitive liquor industry, whether it’s launching new beer
styles to meet consumer demands and preferences or introducing new
formats to address current economic conditions. We’re excited to be
working with one of the most well-known breweries in BC to help
them navigate this dynamic landscape and make faster data-driven
decisions based on clear insights and observations.”
As we continue to scale, our annual license fee model ensures
sustainable revenue generation while delivering unparalleled value
to our clients. By addressing the industry's pain points and
providing a scalable solution, Fobi AI is driving momentum and
success in the market, facilitating the growth ambition of
businesses like VI Brewing in today's competitive landscape.
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 Vancouver Island BrewingCelebrating our
40th anniversary, Vancouver Island Brewing has been locally brewed
since '84 and we are proud to be driving innovation in an industry
that we helped pioneer in British Columbia.
We brew a wide selection of beers that can accompany you on all
your adventures. We are committed to producing fun, authentic, and
shareable brews. We never compromise on quality, and that is
reflected in all the beers that we make. For more information,
please visit https://vibrewing.com/.
About Fobi AIFounded 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.
On behalf of the Board of Directors of the Company
Rob AnsonChief Executive Officer and Director
For more information, please contact:
Fobi AI Inc. |
|
Fobi Website: www.fobi.ai |
Rob Anson, CEO |
|
Facebook: @ Fobiinc |
T : +1 877-754-5336 Ext. 3 |
|
Twitter: @ 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) accept responsibility for the adequacy or
accuracy of this release.
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