Mesh Connectors™ Expand Sales Channels for Brand Looking to Grow Rapidly Amid Supply Chain Challenges
Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ | OTCQB: VENZF) (“Venzee” or the “Company“), the artificial intelligence (AI) platform for product data, is pleased to announce a new revenue-generating contract with a California-based children’s bag and accessories brand.
Initially, the brand purchased a single Mesh Connector™ to a retailer on the Venzee platform. The retailer serves the home goods and apparel sector through some 1,500 store locations in the United States, Canada, Mexico, and Puerto Rico.
Following their initial purchase, the brand engaged Venzee sales and contracted for additional retail channels in the home goods retail sector. Under the agreement, the client plans to activate a number of Venzee’s Mesh Connectors™ over the next 12 months.
According to Chad Kaczmarek, Senior Director of Integrations at Venzee, “Our easy to use Mesh Connectors™ allowed this brand to sidestep the complexities of getting their products active and sold through a major retail chain. Because our AI-based platform is 80% more efficient than alternatives, this brand saves time, labor, and improves sales margin by using Venzee.”
With more than 400 retail Mesh Connectors™ instantly available to brands, Venzee has become a revolutionary tool in the simplification and automation of syndication processes for consumer brands globally.
John Abrams, CEO of Venzee said, “We have begun to recognize a trend where brands start using a single Mesh Connector™ and quickly purchase more channels as they recognize the labor benefit our platform provides.”
Mr. Abrams continued, “Brands and retailers today face unprecedented supply chain challenges. Our hyper-efficient Mesh Connectors™ give brands an important tool they need to efficiently manage their product data operations at scale and improve sales performance globally.”
Venzee (TSX-V: VENZ | OTCQB: VENZF) is the leading artificial intelligence platform for product data used by global brands to speed time to market and create competitive supply chain advantages. Venzee’s intelligent platform automates inefficient last-mile retail processes with a frictionless, machine-driven solution for sending and receiving product data.
Venzee believes intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. Venzee is building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.
Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector™ product disrupts and displaces inefficient manual processes in favor of integrated, machine-driven solutions.
To learn more about Venzee, visit https://venzee.com/
On Behalf of the Board,
Chief Operating Officer
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SOURCE Venzee Technologies, Inc.