Fobi Provides Checkpoint Digital Ticketing System to Support Adam Hadwin Charity Golf Tournament

VANCOUVER, B.C. August 30th, 2022,  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 that they are supporting Adam Hadwin’s Greater Vancouver Charity Invitational (GVCI) golf tournament with their Checkpoint Digital Ticketing and engagement solution. The Tournament will be held September 1^st at Morgan Creek Golf Course and the proceeds from fundraising will go to support the CH.I.L.D. foundation which is helping to find a cure for children with intestinal or liver disorders.

CHECKPOINT DIGITAL TICKETING AND ENGAGEMENT SOLUTION DRIVES AN IMPROVED ATTENDEE EXPERIENCE

Cancelled for the past 2 years due to COVID, the Greater Vancouver Charity Invitational tournament previously used paper tickets, which made it difficult to engage with attendees before, during and after the event. By implementing Fobi’s Checkpoint solution for this year’s tournament, however, the tournament organizers have been able to create an end-to-end digital ticketing and engagement solution that makes the registration and check-in process seamless and easy for the attendees. They simply download their pass for the event to the mobile wallet that comes in every smartphone, and then the organizers scan it when they arrive at the event, using Fobi’s SmartScan software which runs on any mobile phone or tablet.

CHECKPOINT ALSO ENABLES NEW ENGAGEMENT OPPORTUNITIES FOR THE TOURNAMENT ORGANIZER TO INCREASE CHARITY PROCEEDS

Checkpoint also enables the tournament organizers to gain visibility into all their attendees and be able to engage with them. Previously, with paper tickets, the tournament organizers often only got the contact information of the person who purchased a foursome for the tournament. With Checkpoint, however, the tournament organizers will now get contact information for all attendees. This will enable them to send out regular messages leading up to the event on September 1^st, keeping the attendees up to date on what’s happening with the event, and any changes to the agenda. There will also be messages sent out to all attendees during the event, letting them know when and where the events are happening. It will also enable the tournament organizers to follow up with all attendees after the tournament thanking them for their participation and solicit additional donations to the event and to the charity. The tournament organizers will also be able to have their sponsors reach out to all attendees, creating another potential revenue stream that will also help increase proceeds to the charity.

GVCI Organizer Gerry Hadwin stated: “Fobi’s Checkpoint solution has been a great way to re-launch our tournament after a couple of years off due to COVID. Taking all of our paper assets and processes and digitizing them has made it so much easier to manage registrations and check-ins and gaining access to contact information for all attendees is huge for us. In addition, we’re able to keep our attendees up to date and to generate increased proceeds for CH.I.L.D, which is what this is all about. Adam has supported this charity for many years and it is very important to him that we contribute as much as we can, especially after not being able to run the tournament the past couple of years.”

Fobi CEO Rob Anson stated: “Supporting the GVCI charity golf tournament with Checkpoint was an easy decision for us. Our sponsorship with Adam is very important to us, as are the charities that he supports. To be able to help the GVCI organizers create a better attendee experience and generate additional proceeds for CH.I.L.D. is something that we are very proud of.”

To donate to CH.I.L.D. please go to www.child.ca/donate.

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.