VANCOUVER, B.C. April 6, 2022,  Fobi AI 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, is pleased to announce the following changes to the Board of Directors.

Debra Williams has resigned from the Board of Directors effective Friday, April 1st. Fobi would like to thank Debra for her contributions to Fobi’s sales and marketing efforts and her dedicated service to the company over the years.

Replacing Debra on the Board will be Mike Devine. Mr. Devine has over 25 years of Executive and Board experience in the technology industry. He is currently the Founder and CEO of Jet Digital Inc., the developer of JetStream, an accelerated file transfer software solution that moves big data quickly and securely. Mr. Devine previously held strategic leadership roles at companies in the Fintech, Industrial IoT, and Telecommunications industries. Of particular relevance to his Board and Advisory role at Fobi, Mr. Devine spent ten years on the Executive team with Squirrel Systems, a global hospitality technology innovator. Prior to its eventual sale, he was also Co-Founder and President of a loyalty, e-gifting, and customer relationship management company.

Fobi CEO Rob Anson stated: “Mike’s experience in hospitality and his connections in the industry will be key to driving growth and increasing revenue, which is the primary focus for the company right now.”

This press release is available on the Fobi website, and also on the 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 which constitute forward-looking statements or information, including statements relating to the use of proceeds from the Offering. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic and capital markets conditions, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company 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 plans, operations, 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, the Company 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 the Company should be considered highly speculative. There can be no assurance that the Company will be able to achieve all or any of its proposed objectives.

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