Fobi Welcomes Jason Tong to Senior Management Team as The Company’s New Chief Financial Officer
May 23 2023 - 7:00AM
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 appointment of Jason Tong as the Company’s new Chief
Financial Officer (CFO), effective May 25, 2023.
Mr. Tong possesses over a decade of executive leadership and
corporate finance experience at growing public companies listed on
the TSXV, TSX, and Nasdaq stock exchanges. Prior to joining Fobi
AI, Tong served as the CFO of Pathway Capital Ltd., a venture
capital firm with a portfolio of early-stage ventures with a market
capitalization ranging from $5 million to $100 million. Tong is a
Chartered Professional Accountant (CPA, CA) and Chartered Financial
Analyst charter holder (CFA), who also previously worked as a
senior auditor at Deloitte & Touche LLP where he provided
assurance and tax services.
Rob Anson, CEO of Fobi, stated: “As the CEO of
Fobi, there are many difficult decisions that I have had to face,
and this transition was definitely one of them. I have a great deal
of respect for Annie and I wish her nothing but the best.”
Mr. Tong replaces Ms. Annie Chan who has served as Fobi’s CFO
since April 2022. The Company would like to extend its gratitude to
Ms. Chan’s contributions and dedication, and wish her continued
success in the future.
Rob Anson, CEO of Fobi, continued to state: “As
I have been assessing the company's business growth and trajectory,
along with our continued focus on M&A activity with our most
recent addition of our CRO, Colby Mckenzie, I felt it was the right
time to make this change. The company is now realizing exponential
growth in the global markets and the time was right to bring in a
larger group to help support our finance team and overall growth
cycle.
As we continue to grow the business and move toward what looks
like a more favourable market sentiment on the horizon, we will
begin to reassess the timing for up-listing. Jason’s extensive
experience with the big boards and his strong business acumen will
be a very welcome addition to the Company and our finance
team.”
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
our Investor Experience page.
About FobiFounded in 2017 in Vancouver, Canada,
Fobi is a leading AI and data intelligence company that provides
businesses with real-time applications to digitally transform and
future-proof their organizations. Fobi enables businesses to
action, leverage, and monetize their customer data by powering
personalized and data-driven customer experiences and drives
digital sustainability by eliminating the need for paper and
reducing unnecessary plastic waste at scale.
Fobi works with some of the largest global organizations across
retail & CPG, insurance, sports & entertainment, casino
gaming, and more. Fobi is a recognized technology and data
intelligence leader across North America and Europe, and is the
largest data aggregator in Canada's hospitality & tourism
industry.
For more information, please contact:
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 |
This news release contains certain statements that constitute
forward-looking statements or information, including statements
regarding Fobi's business and technology; the ability of Fobi to
engage with industry participants to achieve its goals; the
development of Fobi's technology; and the viability of Fobi's
business model. Such forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond Fobi's
control, including the impact of general economic conditions,
industry conditions, competition from other industry participants,
stock market volatility, and the ability to access sufficient
capital from internal and external sources. Although Fobi 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 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, Fobi 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 Fobi should be
considered highly speculative. There can be no assurance that Fobi
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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