Fobi AI Announces AGM Postponement & Resignation of Auditors By Investing.com

VANCOUVER, British Columbia, April 03, 2024 (GLOBE NEWSWIRE) — Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), an industry leader in the use of AI and data intelligence to support digital transformation, announces the postponement of its annual and special meeting scheduled for Thursday, April 4, 2024 at 10:00 a.m. PST ( “AGM”).

The suspension is due to the resignation of its auditors, BDO Canada LLP (“BDO“), Resignation effective March 21, 2024, was accepted after the company sent its AGM (materials), according to the period of operation by the companies, to the shareholders on February 29, 2024. The documents included the proposal to appoint BDO as the auditors of the Company for the following year. The company now has to postpone the AGM to send new products to shareholders. The Company will endeavor to hold the delayed AGM on a new date that is available and hopes to announce a new date soon.

Rob Anson, CEO of Fobi AI, says: The timing of our auditor’s resignation is very disappointing as it causes the delay in holding our AGM. We have identified a new accounting firm that we are excited to partner with and are working hard to complete their work.

This article is available on Fobi’s website.

To download the Fobi Investor Experience Wallet Pass for access to Fobi’s business information, please visit our Investor Experience page.

About Fobi AIFounded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time software to digitally transform and future-proof their organizations. Fobi helps businesses engage, grow, and monetize customer experience by empowering customer-driven customer experiences, and drive digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste.

Fobi works with the world’s largest organizations in retail & CPG, insurance, sports & entertainment, casino games, and more. Fobi is a recognized technology and data intelligence leader in North America and Europe, and is the leading data collector for the hospitality industry in Canada.

For more information, contact:

The concept of the company Fobi AI Inc. Fobi website: www.fobi.ai
Rob Anson, CEO Facebook (NASDAQ:): @Fobiinc
T: +1 877-754-5336 Ext. 3 X: @Fobi_inc
Email: ir@fobi.ai LinkedIn: @Fobiinc

Caution Regarding Forward-Looking Information

This article contains forward-looking information or statements within the meaning of the applicable securities laws, which may include, without limitation, statements regarding the terms and completion of the Offering, the use of funds provided by the Offering, the receipt of TSXV approval in respect of the Offering, technical, financial and the Company’s business, its assets etc. All information in this press release, other than historical information, refers to events or events that the company expects to occur, and is forward-looking information or statements. Although the Company believes that the expectations expressed in the forward-looking statements or statements are based on reasonable assumptions, such statements are not guarantees of the future and actual results may differ from those contained in the forward-looking statements or statements. Such statements and information are based on many assumptions about current and future business strategies and the Company’s future operations, including the cost of such things as operating expenses, the ability to achieve its goals, the expected costs and the time to achieve the Company’s goals, whether the business and the economy it will not change for the worse, and that funds will be available when needed and in the right way. Information or forward-looking statements such as these reflect the Company’s views on future events and involve risks, uncertainties and assumptions, including risks and uncertainties related to litigation and disputes and the costs and timing associated with the same, the possibility of unforeseen events. costs and expenses and other risks are recorded in the Company’s profile on SEDAR+ at www.sedarplus.ca. Although such estimates and assumptions are deemed appropriate by the Company’s management, they are inherently subject to business, financial, competitive and regulatory challenges and risks. Factors that could cause actual results to differ from expectations or forward-looking statements include, but are not limited to, the Company’s ability to complete the Offering as described herein, including receiving the necessary TSXV approval, continuing. availability of funds and funds, wealth, market or business, failure to compete effectively with competitors, failure to protect the company’s intellectual property, failure to maintain or obtain all necessary permits, approvals and permits, failure to comply with applicable laws, risks. related to unforeseen operational difficulties (including failure of equipment or methods, cost increases, lack of personnel, equipment and materials, regulatory or delay in receiving legal approvals, suspension of work or interruptions or other services, and unforeseen events related to health. , security and other legal issues), reductions in the Company’s products and services, the impact of COVID-19 or other viruses and diseases on the Company’s operations, the inability to predict and manage the effects of COVID-19 on the Company’s business, including , but not limited to, the impact of COVID-19 on commodity prices, market conditions, restrictions on staff and international travel, loss of key employees, consultants, or directors, price increases. , the consequences of delays, litigation, and the failure of the partners to fulfill their contractual obligations. The Company does not intend to revise forward-looking or forward-looking statements, except as required by law.

Neither the TSX Venture Exchange nor the Regulation Services Provider (as this term is defined in the TSX Venture Exchange regulations) accepts responsibility for the completeness or accuracy of this release.

Source: Fobi AI Inc.

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