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Vancouver, BC, Canada, May 31, 2021 -- Fobi Ai Inc. (MTRX:TSXV) (RACMF:OTCQB) (the "Company" or "Fobi"), a data intelligence company using artificial intelligence to help clients turn real-time data into actionable insights and personalized customer engagement, is pleased to announce that Loop Insights is rebranding as Fobi AI. In addition, the Company’s ticker symbols will also change in the near future to match the company name, with the TSXV changing to "FOBI" and the OTCQB changing to "FOBIF".

The purpose of the rebrand is to evolve the Company’s image with that of its Fobi IoT platform, which has rapidly become the Company’s key differentiator representing our real-time data collection and insights. This rebranding became a high priority as we rapidly transition from a burgeoning startup (Loop Insights) to an enterprise player (Fobi) on the verge of accelerating revenue-generating deals with large enterprise-level clients, requiring a unified brand and messaging for all of our audiences from investors to partners and clients.

Fobi CEO Rob Anson said, "We have seen exponential company growth this year from partnering alongside global industry leaders such as AWS, Oracle, NielsenIQ, Telus, NTT Data to name just a few. With the company also completing two key strategic acquisitions this year, the need for a unified brand became quickly apparent and had to happen sooner than later. We believe that Fobi is now well-positioned to become a recognizable enterprise leader in real-time data and digital wallet applications."

Ian Cameron, VP of Marketing, said, "This is a great opportunity to drive deeper communications and messaging with our clients, partners and investors given our exceptional year of expansion in terms of new verticals, products, and personnel. Our senior management team is remarkable and has positioned us to execute on the incredible opportunity that lies before us. This rebrand is a testament to our growth, the results we have already delivered, and what we have brewing in the pipeline."

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.globenewswire.com

Date Posted: Wednesday, June 2, 2021