Fobi AI Responds To CTO (Cease Trade Order) Commitment To Financial Transparency and Audit Completion

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Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi's control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources.

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, Fobi 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.

VANCOUVER, BC, Nov.01, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc.(FOBI:TSXV)(FOBIF: OTCQB) (the "Company” or "Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, acknowledges the recent issuance of a Cease Trade Order by regulatory authorities due to the non-filing of the annual 2024 financial documents.

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Article Details

Author / Journalist: Fobi AI Inc.

Category: Technology

Markets: ChinaCanada

Topics: CA34416F1036 TSX-V:FOBI Other OTC:FOBIF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 23:41:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23367138

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