VANCOUVER, B.C., July 12, 2022 (GLOBE NEWSWIRE) —

Fobi


AI Inc.

(FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing automated and contactless venue management solutions, today announced that a case study highlighting the successful utilization of Fobi’s CheckPoint digital ticketing solution at the Oscars has been posted to their website

here

and is available via download.   Fobi worked together on this project with Janam Technologies, the leading provider of rugged mobile computers and contactless solutions for venue access, and both companies will be highlighting this case study in a joint webinar that will be held at 9am PST on Thursday, July 28

^th

, 2022. The registration form for this webinar can be found

here

.

Fobi’s CheckPoint venue management solution is the way of the future as it digitally transforms manual, paper-based ticketing and venue access systems. Fobi’s CheckPoint system was used to create, distribute and manage digital Wallet Pass tickets to the Oscars Awards show and the Governor’s Ball that follows the show. Fobi rolled out new functionality and was able to provide multi-location tickets for the Oscars so that guests who were able to attend both events needed only one ticket. With Janam’s mobile entry pedestals, equipped with the most advanced NFC technology, guests were able to self-scan their digital passes upon their arrival for a contactless, tap-and-go experience that moved attendees quickly and safely into the venues.   CheckPoint seamlessly integrated with the Oscar’s existing venue systems and back-end CRM enabling them to view ticket information and status for each guest from within their own CRM system.

Harry Lerner, CEO of Janam


,

stated, “The wildly successful outcome that Fobi and Janam created at the Oscars is a model for how our two companies can collaborate going forward to deliver powerful, easy-to-use solutions that enable any organization to share information and interact with guests in more meaningful ways. Together, Janam and Fobi provided The Academy of Motion Picture Arts and Sciences with a highly effective, super affordable technology solution that integrated with existing entry systems and enabled an entirely new level of service at the prestigious awards ceremony.”

Rob Anson, CEO of


Fobi


,

stated, “We are always focussed on streamlining and automating processes for venue operators as well as providing the means to an efficient / enhanced user experience. Our partnership with Janam enables us to deliver a very efficient user experience for venue access and entry along with our Digital ticketing and verified credential offering.”

For more information on CheckPoint, check out our website at

www.fobi.ai/checkpoint

.

This press release is available on the


Fobi




website


, and also on the


Verified Forum On AGORACOM


For Shareholder Discussion And Management Engagement.

About


Janam

Janam is a leading provider of rugged, mobile computers and contactless access solutions. Small, light and affordable, Janam’s handheld devices deliver powerful computing performance, superior barcode scanning, state-of-the-art NFC and proven ruggedness. Janam’s contactless access solutions enable enterprises of all types and sizes to increase customer throughput, eliminate fraud, reduce costs and meaningfully improve the customer and associate experience.

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, 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) accept responsibility for the adequacy or accuracy of this release.