Passcreator by Fobi Corporate Update Includes New Revenue Deals, an Increase of 48% in Year Over Year Revenue, a 43% Increase in Customer Signups as Well as a Clear Product Focus Leading to Record Growth in Insurance and Venue Management
2022年6月14日 - 9:00PM
FOBI AI Inc. (TSXV: FOBI) (OTCQB: FOBIF:) (the
"
Company" or "
FOBI"), a leader in
providing real-time data analytics through artificial intelligence
to drive customer activation and engagement is pleased to provide
shareholders with the following corporate update for Passcreator by
Fobi.
SIGNIFICANT GROWTH IN REVENUE AND # OF
CUSTOMERS FROM Q1 2021 TO Q2 2022The number of Passcreator
by Fobi paying customers grew from 119 in Q1 of 2021 to 170 in Q1
of 2022, an increase of 43%. At the same time, revenue grew
even faster at 48%, showing the increase in enterprise clients.
PASSCREATOR BY FOBI IS NOW SERVICING 4 OF
THE TOP 10 GLOBAL INSURANCE COMPANIESPasscreator by Fobi
is experiencing continued success and momentum, and its Insurance
Pass product offering continues to gain market share with the
mobile proof of insurance product offering. The company has
onboarded an additional 3 key global insurance companies to their
roster in Q1. Passcreator has also signed several additional
new Insurance company deals already in Q2 to provide digital proof
of auto insurance. Fobi now serves 4 of the top 10 global
insurance companies and, as a result, has issued tens of millions
of Insurance Passes worldwide.
EVENTS AND DIGITAL TICKETING DRIVING NEW
LINE REVENUEWith the successful launch of Check Point and
immediate product validation by way of back-to-back top-tier high
profile deployments (High Profile Awards Show in the US and Large
US Stock Exchange) the company has parlayed this early success into
numerous significant event deployments in Europe. These successful
deployments are highlighted by the Monaco Formula E event that was
held on April 30, 2022. As for the awards show in the US, several
significant upgrades in functionality were made both to Passcreator
by Fobi as well as the SmartScan app in order to satisfy the
demanding needs of the awards show, and these upgrades are now
being used by other customers globally improving the customer
experience.
PASSCREATOR COMPLETES QPLES INTEGRATION FOR
DIGITAL 8112 COUPONINGWith the integration of Passcreator
by Fobi’s Wallet pass platform and the Qples by Fobi coupon
platform now complete, digital couponing through the mobile wallet
is now a reality. Qples customers can now deliver coupons
through browsers, the Grocery Coupon Network and now Passcreator
Wallet passes, making Fobi the only company in the world able to
deliver coupons through all 3 of these channels (see the recent
press release about this).
LOYALTY SET TO LAUNCH WITH COMPLETION OF
SEVERAL KEY LOYALTY INTEGRATIONSLoyalty is also playing a
key role with the addition of stamp cards to the
Passcreator loyalty solutions portfolio. There are also some
key ongoing loyalty integrations that the Fobi Development team is
currently working on to further strengthen the Passcreator by Fobi
Loyalty ecosystem, delivering additional value for Passcreator
customers and their customers end users. The mobile wallet
pass is the next evolution in customer loyalty as it is an app-less
solution, unifies all existing IT and provides a truly personalized
user experience that is powered by data.
Also, as companies are now cognizant of and focused
on their social and environmental footprint, replacing and
digitizing the current paper and plastic loyalty member cards helps
with the reduction of a company’s carbon footprint, which benefits
the environment.
Fobi CEO Rob Anson
states, “The diverse applications and value as to
what the Passcreator platform has become is everything of which I
knew we were acquiring and so much more. Passcreator is rapidly
becoming a key standalone platform for leading enterprise and
insurance customers and is a key strategic piece of the Fobi Retail
Ecosystem that we are building by connecting Passcreator with the
new 8112 Mobile Standard coupons from Qples by Fobi. As the world
is becoming digitally enabled and focused, our tech stack and our
various product offerings could not be better positioned and
relevant for today’s environment and set for continued success and
rapid growth.”
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:
FOBI AI Inc. |
|
FOBI Website: www.fobi.ai |
Rob Anson, CEO |
|
Facebook: @ FOBIinc |
T: +1 877-754-5336 Ext. 3 |
|
Twitter: @ FOBI_inc |
E: ir@fobi.ai |
|
LinkedIn: @ FOBIinc |
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
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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.
Fobi AI (TSXV:FOBI)
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