VANCOUVER, B.C. November 22^nd, 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 operational efficiencies and profitability, today announced the launch of their new Tap2Win Retail Giveaway solution which makes giveaways easier and more fun for users and more effective for customer acquisition for retailers and brands. Tap2Win utilizes Fobi’s Wallet Pass platform and SmartTap devices to digitize and improve the current giveaway solutions.

TAP2WIN IMPROVES THE CUSTOMER EXPERIENCE FOR RETAIL GIVEAWAY PROGRAMS

Tap2Win is a digital wallet pass and NFC device-based replacement for the antiquated bucket and notepad at a retail location, where customers fill in their information and put the piece of paper in the bucket to enter to win a giveaway from the retailer or from a brand trying to promote their product. The current process is not efficient and is a terrible user experience. With Tap2Win, instead of laboriously filling out multiple pieces of paper to enter various giveaways, customers can now just tap their mobile phone on the Fobi SmartTap device, and they are quickly and easily entered into the giveaway. Customers can use the same Tap2Win wallet pass to enter across all participating Tap2Win retailers and brands. And customers can also gain more entries to the giveaways by making a purchase or even by entering online, making it an omnichannel promotion platform.

TAP2WIN ALSO IMPROVES CUSTOMER ACQUISITION AND ENGAGEMENT FOR RETAILERS AND BRANDS

Traditional giveaway programs have been around for many years, however, there are significant issues with them. For many of the programs, because the customer information is captured in a paper-based analog fashion, the data often never actually makes it to the retailer or the brand to augment their CRM or to use in their marketing campaigns. If the customer data is not accessible or usable, it makes the giveaway programs not just useless, but an actual waste of money. All retailers are looking to turn unknown customers into known customers so that they can remarket to them and increase the recency and frequency of visits, as well as increase the size of the transactions. For brands, with third-party data systems such as cookies going away, they are looking to form more direct connections with their customers and begin to build out their own first-party data platforms. Tap2Win makes all of this a reality with all of the data being immediately available and usable for both retailers and brands.

“Tap2Win is a complete game changer for the retail giveaway market. Fobi has always been a data-first company, and this is another step in that direction to enable retailers and brands to utilize their customer data to drive more business. It is also a big part of our drive to increase the total amount of aggregated data that we manage through the Fobi Data Exchange (FDX) which also increases the monetization opportunities.”, said Rob Anson, Fobi CEO.  

For more information on Tap2Win, please visit the website at www.tap2win.ca.

This press release is available on the Fobi Website and the FOBI Verified Forum On AGORACOM for shareholder discussion and management engagement.

To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi please visit the download page.

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.

For more information, please contact:

Fobi AI Inc.
Rob Anson, CEO and Director
1-877-754-5336 Ext. 3
ir@fobi.ai
www.fobi.ai

Facebook:@Fobiinc
Twitter: @Fobi_inc
Linkedin:@Fobiinc

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. 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 conditions, industry conditions, and competition from other industry participants, 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, and 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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