Fobi Launches New Wallet Pass-Based Membership and Loyalty Program for the Beauty & Health Industry

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Deal with Van Isle Beauty delivers a membership and loyalty platform designed specifically for the Beauty and Health space.

VANCOUVER, B.C., Dec. 09, 2022 (GLOBE NEWSWIRE) — Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing real-time data analytics through artificial intelligence to drive operational efficiencies and profitability, is pleased to announce that they have launched a new membership and loyalty platform for the beauty and health space, and have signed their first customer, Van Isle Beauty Co. Fobi will earn revenue from this deal through an initial setup fee and ongoing monthly license fees for active passes.

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NEW PLATFORM OFFERS SIGNIFICANT BENEFITS FOR BOTH BEAUTY SALONS AND THEIR CUSTOMERS

Having seen significant growth in their client base and service offerings, Van Isle Beauty chose Passcreator by Fobi to deliver a seamless customer experience as a part of their new membership and loyalty program, Van Isle Beauty Club. Passcreator’s ability to integrate with existing business systems makes it an easy-to-use platform that enables Van Isle Beauty to drive customer retention to new heights, where exclusive promotions and product updates can be sent to customers more efficiently than ever before.

With its latest venture into the beauty and health space, Fobi’s Wallet Pass platform is a future-forward solution that will give Van Isle Beauty the ability to increase its revenue by cross-selling a variety of salon services—from hair to nails to eyelash extensions—and enable them to send personalized messages based on the transactional data collected from each appointment and interaction with the brand.

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For loyalty members, Van Isle can now also immediately target its customers before, during, and after their appointments with new offers, which will work to enhance retention, frequency of visits, and purchases through loyalty-based rewards. Similarly, the Passcreator solution will contribute to greater online sales for Van Isle Beauty products by distributing relevant promotion codes to clients in-store, and at home. This segmented communication through the Wallet Pass will not only enable the beauty boutique to expand their reach with increased delivery rates through push notifications (being more effective than email and social media), but customers will also be able to learn more about the salon and its products for proper use and aftercare, which fosters a continuous, direct relationship with Van Isle’s most important clients.

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Van Isle Beauty has a much-coveted exclusive agreement with InLei Canada, an Italian manufacturer of lash lift and brow lamination products, to offer clients world-class beauty experiences both in the salon and at home. Passcreator’s simplicity and extensive compatibility enable the boutique to achieve greater adoption of its online and offline services, while also increasing awareness about InLei products to a new segment of customers that purchase other Van Isle offerings. For example, Van Isle Beauty can send targeted promotions to clients who attend appointments for InLei eyelash extensions, and provide subsequent information that educates them on complementary InLei products such as brow serums and lash fillers.

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Nicole Bembridge, Van Isle Beauty Cofounder, states: “We’re incredibly excited to partner with Fobi’s Wallet Pass solution to help our clients get rewarded every time they come to visit us. In a salon, the most important thing is to make your customers feel exclusive, special, and familiar with our estheticians, services, and products. The personalization and direct communication of Passcreator by Fobi’s Wallet Pass platform solves exactly that. It gives our most important clients a sense of exclusivity, belonging, and recognition while using an up-scale solution.”

Fobi CEO Rob Anson states: “The health and beauty industry is something that we have been quietly working on for quite some time. I am very grateful for the opportunity to craft and commercialize our health and beauty product offering with such a forward and progressive thinking group in Van Isle Beauty Co.

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Health and Beauty is obviously a very large global opportunity for us,
and as a result of the positive reception and interest of which we have experienced to date, we believe that we are very well positioned to raise the bar and deliver the next evolution of health and beauty member rewards.”

For more information on the Van Isle Beauty success story click here.

This press release is available on the Fobi website.

To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi please visit the download page.

ABOUT VAN ISLE BEAUTY CO.

Founded in 2020, Van Isle Beauty Co. is a beauty and health boutique based in Nanaimo, British Columbia, that offers a range of wellness products and services across salon and spa treatments, massage therapy, as well as cosmetic procedures. The growing beauty bar and boutique also provides aspiring estheticians and beauticians with professional development opportunities, offering hands-on, educational courses to kickstart a rewarding career in the Beauty and Health industry.

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From eyelash extensions and hair care to hydra facials and teeth whitening, Van Isle Beauty champions a brand that creates, serves, and sells from the heart to provide clients with feel-good experiences that have unmatched quality, competitive pricing, and guaranteed results.

For more information, please visit vanislebeautybar.com.

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.
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For more information, please contact:

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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

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

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