Venzee grows its digital retail channel inventory above full-year target to more than 500 fully automated Mesh Connectors™
Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ | OTCQB: VENZF) (“Venzee” or the “Company“) , the artificial intelligence platform for product data, announced today it has grown its retail channel inventory above plan, now offering more than 500 unique, digital connections to global retailers.
Available instantly to global brands through the Venzee Platform, Venzee sells digital retail channels as Mesh Connectors™ to clients looking to simplify and automate product information delivery.
Using Venzee’s proprietary AI-driven Mesh Connectors™, brand clients realize increased speed to market, improved content accuracy, reduced labor cost, and more detailed information critical to advantage their products for sale on the digital and analog shelf.
“The addition of more than 100 retail channels in under 30 days demonstrates Venzee’s ability to meet growing client demand for digital integration across a range of global retailers,” said Chad Kaczmarek, Senior Director of Integrations at Venzee.
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.
Mr. Kaczmarek continued, “Hitting this retail channel availability milestone is significant because it indicates a clear advantage of the Venzee Platform over alternative content delivery solutions such as the GDSN Data Pool. Legacy solutions such as the GDSN limit the information retailers can collect from brands. A reality of outdated technology, those limitations present a significant challenge to brands, manufacturers, retailers, and ultimately consumers. I’m proud to be working in an organization with revolutionary AI-based technology that is foundational to our continued success.”
Venzee’s advanced platform eliminates labor-intensive approaches to content distribution, unlocking massive value for consumer brands looking to accelerate revenue generation and scale product data delivery to leading global retailers like Walmart, Home Depot, and Amazon.
Venzee CEO, John Abrams said, “Our ability to meet client needs by quickly making relevant retail channels available is directly correlated with the effective monetization of brand clients. Now, with more than 500 retail channels published on our platform, we are meeting our client needs and are well-positioned to achieve our active, revenue-generating retail channel targets for 2022 and beyond.”
About Venzee
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/
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On Behalf of the Board,
Peter Montross
Chief Operating Officer
For more information, contact:
Annie Dysart
Investor Relations Manager
Venzee Technologies, Inc.
ir@venzee.com
888-359-8110
Investor Relations
Kin Communications
Tel: 1-866-684-6730
venz@kincommunications.com
Forward-Looking Information
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.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
