Fobi AI Added To S&P/TSX Venture Composite Index

VANCOUVER, B.C., Oct. 28, 2022 (GLOBE NEWSWIRE) — Fobi AI Inc. (FOBI: TSXV / FOBIF: OTCQB) (the “Company” or “FOBI”), a frontrunner in offering real-time knowledge analytics by way of synthetic intelligence to drive operational efficiencies and profitability, may be very proud to announce its addition to the S&P/TSX Venture Composite Index (“Index”), a benchmark index representing chosen TSX Venture listed firms that meet qualifying metrics.

The Index is a broad market capitalization-based index which is designed to measure the efficiency of securities listed on the TSX Venture Exchange, Canada’s public enterprise capital market.

Inclusion within the S&P/TSX Venture Composite offers Fobi with the potential to widen its investor base by opening it as much as index funds and comparable forms of funding devices.

Rob Anson, CEO of Fobi AI acknowledged “The addition of Fobi to the Index is another great milestone for the Company and its shareholders. In a year that has challenged the world’s biggest companies, this serves as great validation of the hard work and careful planning we have put into both the operations and capital markets side of Fobi to deliver outstanding relative success versus all of our peers. From a practical point of view, portfolio managers will now need to add the index weighted amount of shares of Fobi in their portfolios – and continue to add shares to maintain weighting as their assets under management grow – which should benefit the liquidity of our stock for the foreseeable future. Congratulations to all of our loyal shareholders for their belief in Fobi. The best is yet to come.”

The S&P/TSX Venture Composite Index is maintained by the S&P/TSX Canadian Index Committee, which consists of 4 members representing S&P Indices and three members representing the Toronto Stock Exchange. Fobi was notified of its addition to the Index by the TSX Venture Exchange as of October twenty fourth, 2022.

This press launch is accessible on the Fobi Website and the FOBI Verified Forum On AGORACOM for shareholder dialogue and administration engagement.

To obtain the Fobi Investor Experience Wallet Pass to get enhanced entry to investor details about Fobi please go to the obtain web page.

About Fobi
Fobi is a cutting-edge knowledge intelligence firm that helps our shoppers flip real-time knowledge into actionable insights and customized buyer engagement to generate elevated earnings. Fobi’s distinctive IoT machine has the flexibility to combine seamlessly into present infrastructure to allow knowledge connectivity throughout on-line and on-premise platforms creating extremely scalable options for our international shoppers. Fobi companions with a few of the largest firms on this planet to ship best-in-class options and operates globally within the retail, telecom, sports activities & leisure, on line casino gaming, and hospitality & tourism industries.

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Forward-Looking Statements/Information:
This information launch incorporates sure statements which represent forward-looking statements or info. Such forward-looking statements are topic to quite a few dangers and uncertainties, a few of that are past the Company’s management, together with the impression of common financial circumstances, business circumstances, and competitors from different business contributors, inventory market volatility and the flexibility to entry ample capital from inner and exterior sources. Although the Company believes that the expectations in its forward-looking statements are cheap, they’re based mostly on components and assumptions regarding future occasions which can show to be inaccurate. Those components and assumptions are based mostly upon presently obtainable info. Such forward-looking statements are topic to identified and unknown dangers, uncertainties and different components that might affect precise outcomes or occasions and trigger precise outcomes or occasions to vary materially from these acknowledged, anticipated or implied within the forward-looking statements. As such, readers are cautioned to not place undue reliance on the forward-looking statements, as no assurance could be supplied as to future plans, operations, and outcomes, ranges of exercise or achievements. The forward-looking statements contained on this information launch are made as of the date of this information launch and, besides as required by relevant regulation, the Company doesn’t undertake any obligation to publicly replace or to revise any of the included forward-looking statements, whether or not because of new info, future occasions or in any other case. The forward-looking statements contained on this doc are expressly certified by this cautionary assertion. Trading within the securities of the Company needs to be thought-about extremely speculative. There could be no assurance that the Company will have the ability to obtain all or any of its proposed targets.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.