Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) CEO Rob Anson joined Steve Darling from Proactive to provide details about the company signing an agreement to purchase certain specific assets and liabilities from Qples, Inc for 3.2 million, plus up to an additional 1 million earn-out. Qples is a key player in the Coupon Industry.
Anson telling Proactive this is key for Fobo considering Qples is a cash flow positive business that is expected to generate approximately US$1,000,000 in revenues for 2021 and US$2,000,00 for 2022. Anson also said this acquisition also will allow Fobi to connect CPG brands and retailers, as well as, become leaders in key retail verticals such as Grocery and Convenience.