After realizing success with an initial set of Mesh Connectors™, brand recognizes platform value and requests additional Mesh Connectors™
CHICAGO, April 28, 2022 /CNW/ – Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) (“Venzee” or the “Company“), the artificial intelligence platform for product data, announced today a brand has requested to grow its supply of 5 active Mesh Connectors™ to 19 active Mesh Connectors™.
The brand requested additional Mesh Connectors™ after Venzee activated 5 paying connections that successfully accelerated product data syndication to 5 of their global retail channels.
“Before activating Mesh Connectors™ on the Venzee platform, the customer spent months manually sending product information to a limited number of retail sales channels. With Venzee, the customer can accomplish that in a fraction of the time,” said John Abrams, CEO of Venzee.
Many brands and retailers struggle with the complexities of product data syndication, or the transfer of digital product information. Venzee solves this problem by building and selling Mesh Connectors™, or digital connections that automate the data delivery to retail sales channels, on its platform.
These automated connections allow customers to drastically scale operations and send product data to retail sales channels in 90% less time than alternative syndication solutions. “Once customers test out a few Mesh Connectors™, they often purchase more connections to reap the labor benefit our platform provides,” said John Abrams, CEO of Venzee.
Mr. Abrams continued, “Companies must optimize their digital product data to compete in modern commerce and overcome ever-present supply chain challenges. For this reason, we pride ourselves on developing a hyper-efficient AI platform that rapidly delivers flawless product content to any global sales channel.”
With more than 500 major retail Mesh Connectors™ now available to brand clients, Venzee has become an important tool in the simplification and automation of syndication processes for brands globally.
Date: May 3, 2022
Time: 8:30 AM EST (5:30 AM PST)
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Venzee (TSXV: 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 the Venzee platform, visit venzee.com
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2018, and the quarter ended August 29, 2019, which are available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.
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SOURCE Venzee Technologies Inc.
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