Fobi AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB:
FOBIF) (the "
Company" or "
Fobi"),
is pleased to announce it will once again be supporting bdG Sports
for college basketball’s largest early season event. The
invite-only global event at Baha Mar Convention Center in Nassau,
The Bahamas will take place from November 22-27, 2021 and will use
Fobi’s Wallet Pass platform for ticketing, admission, and fan
engagement both live and at home. Fobi will earn significant
revenue from this event through the event license, ticket fees and
fan activations both live and at home, including nationally
televised and digital audiences across the United States on
Thanksgiving weekend, where Fobi’s new logo and messaging will be
visible on signage at the game carried on CBS.
FOBI WALLET PASS WILL SUPPORT 19 TEAMS, STAFF, LIVE
ATTENDEES AND GENERATE ENGAGEMENT
WITH LIVE AND AT HOME
AUDIENCES
bdG Sports, a global leader in producing college basketball
content, will bring 19 NCAA men's and women's basketball teams to
Baha Mar. The $4 billion resort, which boasts three world-class
hotels - the Grand Hyatt Hotel, a Rosewood and an SLS, along with
the largest casino in the Caribbean – will play host to three
separate events:
LIVE EVENTS
1. The week tips off with eight men’s NCAA Division I
institutions vying for the “Baha Mar Hoops Nassau Championship,”
led by top seeds Toledo, Drexel and 2021 NCAA Tournament
“Cinderella” Abilene Christian.
2. Seven of the nation’s best women’s programs then take the
court later in the week in the “Baha Mar Hoops Pink Flamingo
Championship,” including four top-10 programs, led by defending
national champion Stanford, NC State, Indiana and Maryland.
LIVE AND NATIONALLY TELEVISED EVENTS FOR DIGITAL FAN ENGAGEMENT
ACROSS THE UNITED STATES
3. On Thanksgiving Day, Nov. 25 and Nov. 27, a men’s four-team
“Baha Mar Hoops Bahamas Championship” will feature Louisville,
Maryland, Mississippi State and Richmond. The men’s
top-tier event will be televised nationally throughout the United
States, with its semifinals on Thanksgiving night, providing Fobi
with the opportunity to showcase the power of both its venue
management and digital engagement platform for the at home
audience.
bdG Sports CEO Brooks Downing stated: “Fobi has
been instrumental in its ability to help us deliver events and
engage with fans in new ways throughout the pandemic. Now that
conditions throughout North America have improved and we look to
return to near normal conditions, we still must be diligent in our
efforts to keep both our fans and our participants safe, while
providing new options to maximize sales to our corporate partners.
Fobi’s wallet pass is a one-stop solution to make all that happen.
For us, we are thrilled to keep Fobi fully engaged in all that we
do in our return-to-play efforts.”
Fobi CEO Rob Anson stated: “We have seen great
success with bdG at the NCAA and professional golf events over the
past year and helped them to achieve record engagement rates. As a
result of this success, Fobi has now been given the opportunity to
incorporate our ticketing and admissions capabilities to the
offering. Our continued work with bdG and the addition of new
services goes to show the trust in Fobi and our ability to deliver
excellent service, as well as our confidence that we can top our
previous successes with this integrated solution. We look forward
to seeing this relationship continue to grow with bdG and the
NCAA.”
WALLET PASS USE EXTENDED TO TICKETING, IMPROVING THE
CUSTOMER EXPERIENCE AND GENERATING REVENUE FROM TICKET
SALES, FAN ENGAGEMENT AND POTENTIAL DIGITAL
SPONSOR ACTIVATIONS
For this event, Fobi’s Wallet Pass will be used for ticketing to
significantly improve the customer experience by allowing fans to
use their Wallet pass to gain access to the arena. Specifically,
Fobi’s Wallet pass will pop up on their phones as fans get close to
the event, making it a smooth, trouble free and contactless access
and entry solution. Ticketing will generate revenue for Fobi by
earning a percentage of each ticket sold by bdG Sports.
With fans live in attendance, the company’s Wallet pass
technology will provide revenue share opportunities through its
previous affiliate marketing agreement. Fobi will further benefit
from a negotiated event license, various event sponsorships, and
marketing applications to be delivered on the Fobi platform, as
well as additional user fees that will be generated through user
pass downloads.
With fans at home, Wallet pass will provide significant fan
engagement revenue opportunities, as well as potential digital
sponsor activations.
Finally, Fobi’s technology will help open new revenue channels
and support local Bahamian businesses and third-party sponsorships
as well as targeted promotions and sponsor opportunities for the
schools attending.
RELATIONSHIP WITH bdG SPORTS CONTINUES TO SHOWCASE
FOBI’S EXTENSIVE VENUE MANAGEMENT OPPORTUNITY WITH
PREVIOUSLY ANNOUNCED SELECTIONS AND
POTENTIAL UPCOMING EVENTS
Baha Mar Hoops is just one of bdG’s many significant events
slated for the new college basketball season launching in November.
Fobi continues to work with the bdG team with similar events in
Naples, Fla., Fort Myers, Fla, and Las Vegas.
Fobi is already powering the “Black Friday Heavyweight Bout”
featuring Duke versus Gonzaga, which recently sold out, as well as,
the Roman Main Event featuring Michigan, UNLV, Arizona, and Wichita
State, both of which are taking place at T-Mobile Arena in Las
Vegas. The press release announcing these wins can be found
here.
The Fobi activation with Baha Mar Hoops follows the successful
deployment of its venue bubble solution at previous NCAA basketball
tournaments including the #BeachBubble at the Gulf Coast Showcase
in Fort Myers, Fla., last November and the Big West Conference
Championships at Mandalay Bay in Las Vegas in March where Fobi
provided 14 check-in locations that provided venue management
services for more than 550 student-athletes, coaches, and staff
members at the two tournaments.
This Press Release Is Available on the Fobi
Website and the FOBI Verified Forum On AGORACOM For
Shareholder Discussion And Management Engagement.
About bdG Sports
bdG Sports is a representation, event management, and public
relations firm operating on an international platform within the
sports marketing industry. bdG manages multiple college basketball
and college hockey events across North America and the Caribbean,
highlighted by tournaments in Southwest Florida, Las Vegas and The
Bahamas as well as two Korn Ferry Tour events and a series of
premium golf pro-am events. For more information, visit
www.bdglobalsports.com or follow on @bdGlobalSports on Twitter,
Facebook or Instagram.
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:
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 |
Forward-Looking Statements/Information:This
news release contains certain statements which constitute
forward-looking statements or information. Such forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond the Company's control, including the impact of
general economic conditions, industry conditions, and competition
from other industry participants, stock market volatility and the
ability to access sufficient capital from internal and external
sources. Although the Company 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 plans, operations, 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, the Company 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 the Company
should be considered highly speculative. There can be no assurance
that the Company 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) accepts responsibility for the adequacy or
accuracy of this release.
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