Fobi AI Responds To CTO (Cease Trade Order) Commitment To Financial Transparency and Audit Completion

VANCOUVER, BC, November 1, 2024 (GLOBE NEWSWIRE) — Fobi AI Inc. (FOBI:TSXV)(FOBIF: OTCQB) (the “Firm” or “Fobi”), an business chief in leveraging AI and knowledge intelligence to allow digital transformation, acknowledges the latest issuance of a stop and desist order by regulators for failure to file its 2024 annual monetary filings.

“We wish to guarantee our shareholders, stakeholders and the general public that the corporate is totally dedicated to resolving this example and finishing the monetary audit as shortly as attainable.

Rob Anson, CEO of Fobi AI, says: “The delay in finishing our annual submitting for 2024 is definitely disappointing. Not like final 12 months, we selected to not proactively apply for an MCTO as we have been assured that we’d meet our submission deadline. I need to guarantee you that our staff and auditors are totally dedicated to finishing this 12 months’s audit as effectively as attainable. I sit up for sharing our outcomes on the upcoming shareholder earnings name.

We perceive that these developments could give rise to issues amongst our shareholders. Firm administration is dedicated to sustaining open strains of communication and can present well timed updates as we make progress. We admire the help and understanding of our shareholders throughout this era.”

This press launch is obtainable on the Fobi website.

To obtain the Fobi Investor Expertise Pockets Cross and achieve higher entry to investor details about Fobi, go to our Investor experience page.

About Fobi AI
Based in 2017 in Vancouver, Canada, Fobi is a number one AI and knowledge intelligence firm that gives firms with real-time functions to digitally remodel and future-proof their organizations. Fobi empowers firms to take motion, leverage and monetize their buyer knowledge by enabling personalised and data-driven buyer experiences, and drives digital sustainability by eliminating the necessity for paper and decreasing pointless plastic waste at scale.

Fobi companions with among the largest world organizations in retail and CPG, insurance coverage, sports activities and leisure, on line casino gaming and extra. Fobi is a acknowledged chief in know-how and knowledge intelligence in North America and Europe, and is the biggest knowledge aggregator within the Canadian hospitality and tourism sectors.

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