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Fobi AI Inc V.FOBI

Alternate Symbol(s):  FOBIF

Technology Software - Application
Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. The Company 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. It operates in the technology industry and earns revenues from directly selling software-as-a-service (SaaS), reselling, referring, and licensing its technology to licensors. It offers Wallet passes, which are digital representations of physical cards or documents that are stored in mobile wallet apps and simplify the user experience by providing smartphone access to membership cards, coupons, tickets, and more. It enables businesses to action, leverage, and monetize real-time data across online and offline platforms.


TSXV:FOBI - Post by User

Fobi AI Inc
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Post by Betteryear2on Apr 19, 2023 8:06am
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Post# 35402407

Fobi Closes Acquisition of Passworks S.A.

Fobi Closes Acquisition of Passworks S.A.Vancouver, BC, April 19, 2023 (GLOBE NEWSWIRE) -- FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) (the "Company" or "FOBI"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that further to its press release dated February 27, 2023, the company has closed the transactions contemplated by the share purchase agreement (the “SPA”) with Francisco Fiza Da Silva Beiro Belo (the “Vendor”), pursuant to which the Company acquired all of the issued and outstanding shares (the “Target Shares”) of Passworks S.A. (the “Target”) from the Vendor (the “Transaction”). Passworks is a leading European digital wallet and mobile marketing company with international clients such as luxury fashion retailer Hugo Boss, global coupon giant Catalina Marketing Corporation, and digital advertising leader Publicis.

Fobi Closes Acquisition of Passworks S.A. (globenewswire.com)
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