VANCOUVER, BC, April 4, 2024, 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 excited to announce a new strategic partnership with a leading provider of ticketing sales and advertising services in the United States. Through this new paid partnership opportunity, Fobi will create up to 1 million digital tickets which will be sold across its partner's various online and retail channels. This partnership aims to revolutionize the theme park industry by offering a digital and personalized concierge experience for theme park guests. 

Rob Anson, CEO of Fobi AI states: “We are thrilled to embark on this new journey in efforts to help transform and shape the guest experience for theme park operators. With theme parks offering a variety of ticket tiers, such as single-day, multi-day, park-to-park, VIP, and front-of-line access, our pass bundling technology will not only drastically streamline the ticketing process but also allow operators and attendees to consolidate their various offerings. This includes adding various add-ons to their mobile wallet tickets, such as pre-purchased goods like gift cards, food and beverage purchases, merchandise, and meet-and-greet opportunities, to name a few.”

Our wallet pass technology empowers organizers to deliver personalized updates directly to attendees' mobile phone lock screens. This functionality opens up valuable communication opportunities for operators, including weather updates, security notifications, daily park schedules, promotional offers, and post-visit communications. By gathering data on attendee preferences and soliciting consumer reviews, operators can identify areas for improvement and enhance the overall visitor experience.

Attendees can now conveniently add their tickets to their Apple or Google Wallets with just one tap. This easy-to-use feature simplifies the ticket purchase and usage process, while seamlessly integrating with any mobile device through our SmartScan software. As a result, operators can efficiently scan attendees' passes upon arrival, ensuring a smooth and hassle-free entry experience.

With the addition of pass bundling, theme park operators can now seamlessly incorporate a comprehensive new feature set and a paid media channel. This not only unlocks valuable guest data but also establishes a fresh avenue for enhancing guest monetization strategies. This innovative feature sets a new standard of personalized, accessible, and convenient experiences, distinguishing it as a standout feature among standard theme park operating systems.

Fobi’s collaboration with the industry-leading ticketing provider will redefine the ticketing and theme park experience for operators and attendees alike.

This press release is available on the Fobi website.

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About Fobi

Founded 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 Anson
Chief Executive Officer and Director

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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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