VANCOUVER, B.C., June 03, 2022 (GLOBE NEWSWIRE) —

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 appointment of Sam Sangha as its Investor Relations Manager, effective June 7

^th

, 2022.

Mr Sangha has over 15 years experience in capital markets starting as an investment advisor followed by investor relations roles with publicly listed companies in the technology, fintech and resource industries. He has worked closely with management teams in building comprehensive investor relation programs to develop, retain and grow their shareholder base. Mr. Sangha has extensive experience with dual-listed companies in the Canadian and US capital markets with diverse market capitalizations. He also led investor relations for a retail and institutional $25 million U.S equity financing for US-listed company Handeni Gold.

Sam Sangha


Fobi


IR Manager

stated “I am very excited to join Fobi at this point in their growth and work together with the very strong management, marketing and technical teams. I see great opportunity in the Fobi suite of products and solutions along with a great opportunity to improve Fobi’s brand awareness in the capital markets and expand our shareholder base in North America.”

Fobi


CEO Rob Anson

stated, “I am looking forward to having Sam come on board and join the Fobi team. I believe that Sam’s capital market knowledge and experience will pay dividends by way of having someone dedicated to marketing and sharing the Fobi story, as well as managing our current investor audience. In addition to the investor relations role, Sam will also be adding value by way of driving new business development opportunities for our recently launched PulseIR platform.”

This press release is available on the


Fobi




Website


and the


FOBI 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.

For more information, please contact:

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.