VANCOUVER, British Columbia, May 12, 2022 (GLOBE NEWSWIRE) -- FOBI AI Inc. (TSXV:FOBI.VN) (OTCQB: FOBIF:) (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 that the Company has entered into an arm’s length letter of intent (the “LOI”) with Grocery Shopping Labs Inc. (“Grocery Shopping Labs” the “Vendor”), a Virginia based technology company, pursuant to which, the Company, through a wholly owned subsidiary, proposes to acquire certain intellectual properties and assets owned by the Vendor related to the “Basket” application (“Basket”) owned and operated by the Vendor (the “Transaction”).
Fobi Signs LOI To Acquire The Intellectual Property And Assets Related To Basket, A Global Market Leading Retail Price Comparison App And Shopper Intelligence Data Platform Servicing Tier 1 Retail & CPG Brands
Globe Newswire -
Thu May 12, 2022
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