Fobi AI Launches New Integrated Event Registration and Digital Ticketing Platform, Expanding Revenue Opportunities and Enhancing User Experience

VANCOUVER, BC, May 15, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the launch of its new integrated event registration and ticketing platform. Designed to redefine the event registration and ticketing landscape, this innovative platform enhances the company's traditional Software-as-a-Service (SaaS) model by introducing additional revenue opportunities through ticket purchase transaction fees, thereby adding new revenue streams for Fobi.

FOBI TO ENHANCE AND STREAMLINE TODAY’S TICKETING PROCESS

This latest Fobi product release aims to solve the pain points experienced by event organizers and attendees by providing centralized event registration and ticketing purchases, memberships, and credentials into a single, streamlined web or mobile interface. This integrated offering will now facilitate a much smoother, hassle-free experience, enabling attendees to manage and access all of their event-related needs from one secure, accessible, and convenient location in either their Apple or Google wallet. This capability eliminates the need for physical tickets, reducing paper waste and offering a more secure and convenient way to access event passes.

PASS BUNDLING TO DELIVER 9 NEW WAYS TO PROMOTE FURTHER NEW LINE REVENUE GROWTH

Furthermore, Fobi AI introduces an innovative aspect to the event registration and purchase experience with the integration of pass bundling. This feature allows for the bundling of event tickets with additional purchase offerings such as merchandise, food and beverage, parking, raffle tickets, and more, all within the same user-friendly platform. By consolidating these purchases, the platform provides a more streamlined and enjoyable event experience, saving time and effort for attendees.

Rob Anson, CEO of Fobi AI, shares his vision: "We are steadfast in our commitment to enhancing shareholder value by driving new revenue streams. This product release is a testament to Fobi AI's dedication to addressing client needs and enhancing user experiences through innovative technology. This advancement in event registration and ticketing management not only provides unprecedented convenience but also unlocks new opportunities for generating additional revenue for Fobi AI.”