Vancouver, BC – Venzee Technologies Inc. (TSX-V: VENZ) (the “Corporation” or “Venzee”), is pleased to announce that Euro Style, a wholesale ready-to-assemble furniture resource based in San Francisco, has selected Venzee to automate the process of adding and updating products to select retailers, adding to the growing list of Venzee enterprise customers.
Euro Style’s update to Venzee’s software allows the furniture designer and manufacturer to share product information to retailers through Venzee’s cloud-based platform.
Victor Pontis, CTO of Euro Style, commented, “We are excited to partner with Venzee as it transforms our product information from our manufacturers to meet the requirements of our various retailers. Considering we work with over 30 factories in six countries, including our manufacturers in Italy and East Asia and showrooms in North Carolina and Nevada, Venzee’s software is a valuable addition to our business; we are sure that the elimination of labor-intensive and costly spreadsheets will result in a quick return of investment.”
Peter Mackay, CEO of Venzee, commented, “We are pleased to provide Euro Style with Venzee’s rich, error free system that allows businesses to share information without the problematic and outdated system of spreadsheets. Our technology will ultimately provide Euro Style with the time needed to develop their innovative products and designs.”
Venzee provides high value customized SaaS (software-as-a-service) solutions to mid-market and tier-1 enterprise clients around the world. Additionally, it accommodates the budgets of up and coming retailers hosted on platforms like Shopify.
According to Statista, in 2016, the global e-commerce industry achieved estimated US$1.8 trillion dollars in sales, and is expected to grow to US$4.5 trillion by 2021. As e-commerce sales continue to grow at staggering rates, the need for better delivery of product information for businesses is now solved with the Venzee software solution.
About Euro Style
With a focus on contemporary design, Euro Style continues to grow across the United States with showrooms in North Carolina and Nevada, and a warehouse in California. The international design team based in Europe work to provide designs that embody founder Trig Liljestrand’s dream of high-quality, stylish pieces at an affordable price.
The ever-growing furniture collections for living room, bar, dining room and office, bring cutting-edge contemporary design from Euro Style’s European designers and factories in Italy and East Asia. The company ships out of its Northern California Warehouse the next business day after orders are placed.
About Venzee
Venzee is a SaaS (software as a service) company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was achieved by using spreadsheets, which created a labor-intensive, error inducing process that delayed products from reaching the marketplace. Venzee’s technology streamlines product information management, allowing vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. To learn more about Venzee, visit https://venzee.com.
The Venzee technology is leveraged for the creation of the Company’s blockchain solution, Mesh. Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks with conventional databases. For more about Mesh, visit https://meshblockchain.com.
The Company graduated from notable start-up accelerator program 500 Startups and is already powering some of the biggest brands in the world.
Investor Relations
Caleb Jeffries
Investor Relations, Kin Communications Inc.
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 execution of the Company’s growth strategy. 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, which is 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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