Fobi AI Inc (OTCMKTS:FOBIF) Stock On Watchlist After Recent News

Real time artificial intelligence powered data analytics leader Fobi AI Inc (OTCMKTS:FOBIF) mainly helps businesses in driving efficiency and profitability. The company came into the news cycle this past Friday after it announced that it had come up with a new membership and loyalty program.

Market Action

On Friday, FOBIF stock slid 5.83% to $0.1914 with more than 1.30K shares, compared to its average volume of 25.93K shares. The stock moved within a range of $0.1886 – 0.1949 after opening trading at $0.1903.

Fobi Launches New Wallet Pass-Based Membership and Loyalty Program for the Beauty & Health Industry

The membership and loyalty initiative in question is directed at the beauty and health space. As it happens, Fobi has been successful in signing up its first member as well in the form of Van Isle Beauty Co. The company announced that it was going to generate revenues by way of the initial setup fee. Consequently, it would earn through the monthly license fees in relation to active passes.

The company believes that the membership initiative is going to provide considerable advantages to beauty salons as well as its customers. It was announced yesterday that after having experienced significant growth in offerings and customer base through the use of Fobi’sPasscreater, Van Isle decided to sign up for the membership program from the company.

One of the more important things to point out in this regard is that Van Isle will now be able to target its customer more effectively through this program.

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