Fobi AI Provides Corporate Update Regarding FFCTO Revocation Process and Q3 Interim Filings


This news release contains certain statements which constitute forward-looking statements or information, including statements regarding the receipt and timing of the revocation of the FFCTO and the resumption of trade of the Company’s shares on the TSXV, the receipt of all necessary approvals in connection with same, and other statements characterized by words such as “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be”, “potential” and other similar words, or statements that certain events or conditions “may”, “should” or “will” occur. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, without limitation, market competition, the impact of general economic and industry conditions, competition, stock market volatility, BCSC and TSXV approval conditions, the ability of the Company to satisfy such approval conditions of the BCSC and TSXV, 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. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the nature of the conditions imposed by the BCSC and the TSXV with respect to the revocation of the FFCTO and resumption of trading of the Company’s shares on the TSXV, changes to volatile exchange rates, market conditions, market competition and other economic and market factors. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. 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, and results, levels of activity or achievements.



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