Fobi Announces CheckVax™ Deal With University of Nevada Athletics for Men’s and Women’s NCAA Basketball Teams

Fobi to provide their CheckVax™ proof of vaccination to help keep fans, student-athletes, and staff safe as well as improve the customer experience by speeding up entry into the venue

VANCOUVER, British Columbia, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Fobi AI Inc. Inc. (FOBI:TSXV FOBIF:OTCQB) (the "Company” or "Fobi”), a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, is pleased to announce the Company has entered into an Agreement with the University of Nevada Athletics to provide Fobi’s CheckVax™ proof of vaccination. CheckVax™ will be utilized to improve the customer experience by speeding up entry and to keep fans, student-athletes, and staff safe at all Men’s & Women’s basketball games at Nevada for this coming season. Fobi will earn revenue on this deal through an initial setup fee and monthly Wallet pass license fees.

The Lawlor Events Center, home to Nevada men's and women's basketball, has a capacity of 11,500, so Nevada Athletics has a clear need for a proof of vaccination solution that can enable them to keep their fans, student-athletes, and staff safe and speed up entry for the fans who will be attending the games.

Nevada men's basketball has made nine NCAA Tournament appearances all-time, including exciting runs to the Sweet 16 in 2004 and 2018. The Wolf Pack women's team has made four postseason appearances in its history, and reached the Mountain West Tournament Championship Game in 2018.

Michael Turner, Senior Associate Athletic Director at Nevada stated: "We are very excited to announce this deal with Fobi. This will allow us to ensure a top-notch customer experience and ensure that Wolf Pack fans can get into our venue in the fastest and safest method possible so they can enjoy the game.”

Nevada chose Fobi’s CheckVax™ solution over other solutions for three key reasons. The first is that CheckVax™ is easy to use as it’s App-less, using Wallet passes that live in the native wallets that are embedded in every Apple and Android mobile phone globally. The second key reason is that CheckVax™ passes are secure and powered by Hedera Hashgraph public blockchain technology. The third and most important is that CheckVax™ can verify vaccination and Covid test results across multiple jurisdictions and regions in advance, speeding up attendee access to the venue which creates a far superior customer experience compared to other solutions. This multi-jurisdiction and multi-region pre-verification is something that other solutions are not able to do as quickly and as easily as Fobi.

Fobi CEO Rob Anson stated: "With the continued rollout of vaccine mandates across Canada and the US, we are starting to see incredible momentum for our CheckVax™ product. This deal with Nevada helps validate the fact that CheckVax™ delivers both the best customer experience for proof of vaccination pre-screening as well as increased revenue for venues.” 

The deal with Nevada follows on the work that Fobi has done previously with bdG Sports with Venue Management for March Madness Basketball events. Fobi has also announced additional upcoming events with bdG Sports, including the Baha Mar Hoops event in the Bahamas that will be held November 22-27 in the Bahamas at the Baha Mar resort with 19 NCAA schools attending, and the highly anticipated Duke vs. Gonzaga game to be held November 26^th in Las Vegas at the T-Mobile arena.

This Press Release Is Available on the Fobi Website, as well as the FOBI Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement.

About University of Nevada Athletics

University of Nevada Athletics' mission is to guide and support the transformation of its student-athletes - academically, athletically, and socially. Following its five Guiding Principles: Honor, Positivity, Focus, Excellence, and Dependability, Nevada Athletics prepares its student-athletes for a life of leadership and service, and strives each day to live the Nevada Way. Since its beginnings in 1898, Nevada Athletics has been defined by the hard work and dedication of thousands of Wolf Pack student-athletes.

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.

For more information, please contact:

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.