March 4, 2021
Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”) an AI-driven platform used for distribution of product information to any retailer globally, announces growing Mesh Connector™ sales and additional channel requests from one of North America’s largest home furnishing manufacturers.
The client company is a well-known brand in the home improvement industry. It began its initial client onboarding process in early 2021 by testing two of more than 385 Venzee Mesh Connectors™ available for retail content distribution with plans to expand across its “Top 50” retailers by mid-year.
According to John Abrams, CEO of Venzee Technologies, “Our platform’s ability to satisfy the complex product content distribution requirements for another global manufacturer underscores the value our globally available platform unlocks for large, complex, global brands.”
Mr. Abrams noted, “This customer win is especially significant as it is a direct ‘take away’ from a market leader in the industry. It is a testament to the strength and value of our Mesh Connector™ solution and underscores our true differentiation in the marketplace.”
Through new clients and deeper penetration across existing engagements, the Company anticipates it will be announcing, on a regular basis, additional sales of Mesh Connectors™ within brands and manufacturers who have deeply integrated Venzee’s platform capabilities across their retail sales channel operations.
“Brands now understand that full-cycle content syndication should mean complete, automated, intelligent syndication, and not just providing a file export that is slow, costly, and does not convey the robust set of product attributes brands need to convey to remain consumer relevant,” said Venzee Executive Vice President, Peter Montross.
Radically simpler then alternatives, Venzee’s Mesh Connectors™ are system agnostic and infinitely scalable.
By streamlining and automating the syndication and distribution of product information across any retailer selling channel, Venzee’s Mesh Connectors™ provide brands with a competitive edge that accelerates time to market and maximizes cost-effectiveness.
Mesh Connectors™ make the tedious process of setting up thousands of individual retail channels for a single product a thing of the past.
Venzee (TSX-V: VENZ) is a technology platform used by Global Brands to speed products to market and create competitive supply chain advantage. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost, intelligent platform solution.
We believe intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. At Venzee, we’re 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’s mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.
To learn more about Venzee, visit https://venzee.com/
On Behalf of the Board,
John Sexton Abrams
President and CEO
Venzee Technologies, Inc.
Kin Communications, Inc.
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.
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SOURCE Venzee Technologies, Inc.