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FOBI Announces Wallet Pass Deal with CHL, World’s Largest Development Hockey League, With 9 Million Fan Visits in 2019

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CHL will leverage Fobi’s Wallet pass, Smart Tap NFC devices and Smart Scan App for their Venue Management Needs, and May Expand to Other Applications

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Fobi AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB: FOBIF) (the "Company" or "Fobi"), a global leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement is pleased to announce that Fobi has signed a deal to provide Fobi’s Venue Management and Wallet pass solution to the Canadian Hockey League, the world’s largest development hockey league. The CHL operates the Western Hockey League, the Ontario Hockey League and the Quebec Major Junior Hockey League across Canada and the United States.

FOBI WALLET PASS SOLUTION TO POWER CHL VENUE MANAGEMENT

The Canadian Hockey League is the world’s largest development hockey league with 52 Canadian and eight American teams participating in the Western Hockey League (WHL), the Ontario Hockey League (OHL), and the Quebec Major Junior Hockey League (QMJHL). Initially Fobi’s Wallet pass solution will be used for Venue Management to validate CHL and Associated Staff (Coaches, Trainers, Athletes, etc.) credentials, and also to enable Check In and Out of CHL venues throughout Canada and the US, in addition to venue tracing.

CHL Manager of National Events Carla Graansma stated: “We are very excited to roll out Fobi’s solution for Venue Management to ensure the safety of our staff and everyone involved with the CHL. We look forward to introducing this digital platform to our teams and stakeholders. We are extremely excited about the additional ability to do personalized and targeted communications to our stakeholders through the Wallet passes.”  

Fobi CEO Rob Ansonstated: “Signing this deal with the CHL, the largest development league in the world with 9 million fans watching games in 2019 is another validation of Fobi and our venue management solution including Wallet pass, ticketing and fan engagement. We look forward to helping the CHL implement their venue management solution, improving their ticketing solution, and enabling them to keep their fans updated before, during and after games.”

This Press Release Is Available on the Fobi Website and the FOBI Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement.

About the CHL
The Canadian Hockey League is the world’s largest development hockey league with 52 Canadian and eight American teams participating in the Ontario Hockey League, Quebec Major Junior Hockey League and Western Hockey League. CHL players graduate from high school at a rate higher than the Canadian national average. Last season, more than nine million fans attended CHL games in the regular season, playoffs and at the Memorial Cup Presented by Kia. The CHL supplies more players to the National Hockey League and U SPORTS than any other league.

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, CEOFacebook: @ Fobiinc
T : +1 877-754-5336 Ext. 3Twitter: @ Fobi_inc
E: ir@fobi.aiLinkedIn: @ Fobiinc

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) accepts responsibility for the adequacy or accuracy of this release.

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