Fobi AI Announces Appointment of New Auditor
May 07 2024 - 4:40PM
Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the
"Company" or "Fobi"), an industry leader in harnessing AI and data
intelligence to enable digital transformation, announces the
appointment of MNP LLP (“
MNP”) as Auditor of the
Company effective May 6, 2024.
Rob Anson, CEO of Fobi AI, states: "I am
pleased to announce our new partnership with MNP, a highly
respected and professional audit group. This appointment marks a
positive milestone for our organization as we collaborate with one
of the industry's leading experts in financial audits. Joining
forces with MNP demonstrates our commitment to ensuring a seamless
and timely execution of our 2024 year-end financial reporting
period. We look forward to the enhanced value and assurance this
partnership brings to our stakeholders."
The Company advises that further to news release dated April 25,
2024 (“Wallet Release”) regarding the Company’s
transaction with Wallet Communications SL (“WalletCom
Transaction”), the Company has closed the WalletCom
Transaction and issued 476,126 common shares in the capital of the
Company (“Fobi Shares”) to Wallet Communications
SL as outlined in Wallet Release. The Fobi Shares are subject to a
statutory hold period and will become free trading as of September
8, 2024.
The Company also advises, further to the Company’s press release
dated October 18, 2023, the Company continues to engage Paradox
Public Relations (“Paradox”) to provide capital
markets advisory and investor relations services to the Company.
Paradox does not hold any interest, directly or indirectly, in the
Company or its securities, or any right or intent to acquire such
an interest other than the incentive stock options as outlined in
the October 18, 2023 press release, the terms and conditions of
which remain unchanged. Paradox is an arm's length party to the
Company.
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 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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