Venzee Appoints New CTO To Support the Technology’s Strategic Growth Initiatives

Vancouver, BCVenzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”), an advanced platform for the automated distribution of omnichannel product information in use by global manufacturers and content management system (CMS) providers, announces the appointment of Markus Westerholz as Chief Technology Officer (CTO), effective immediately. Westerholz reports directly to President and CEO Peter MacKay and joins Venzee’s executive team, responsible for evolving Venzee’s technology strategy and driving product innovation.

Westerholz is being promoted from his past roles as VP of Technology and Lead Architect at Venzee. His extensive experience in the architecture of large systems for high scalability supports Venzee’s growth initiatives.

“As demonstrated through his leadership of the Venzee API development, Markus has proven to be a great technological visionary that can tie his vision to an actionable strategy. His deep technical experience has permeated the company in the time he has been with Venzee,” Peter MacKay states.

Venzee commits to continued implementation of advanced technologies in the near- and long-term to ensure its sustained growth and success in the market. Venzee has recognized the market’s increasing need for agility in content distribution solving one of the biggest problems for online retailers.

Venzee has implemented a serverless architecture, which utilizes the latest technological advances in cloud computing. The serverless architecture has increased the scalability of the Venzee platform and increased speed in processes such as content distribution to retail channels, making the delivery of content to retailers more efficient for Venzee’s clients while future proofing its technology.

Through five signed partnership agreements in various stages of integration, giving Venzee access to more than 100,000 brands and manufacturers our CMS partners, Venzee is strongly positioned to deliver the most advanced content delivery system in the market.

Venzee’s architecture is now fully microservice based, so application components can be deployed, tweaked, and redeployed independently without compromising the application’s integrity. As a result, Venzee can deploy improvements to the platform faster and focus on optimizing internal and external processes, including the optimization of messaging feeds to partners and clients that provide live updates on product information and status, a key capability and market differentiator the platform.

About Venzee
Venzee is a data translation and distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client’s desired level of sophistication and automation.

To learn more about Venzee, visit https://venzee.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 execution of the Company’s growth strategy, the expected results from the entering into of partnership agreements, the expected results from Venzee’s Channel Partner Program, the use of, and expected results from, Venzee’s technology by end users and Venzee’s expected revenue generation. 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, 2017 and its latest annual information form filed August 29, 2018, 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 Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Venzee
Investor Relations
Caleb Jeffries
Kin Communications
Tel: 604-684-6730
venz@kincommunications.com