VERB Engages Truist Securities to Advance its Acquisition Strategy
August 24 2021 - 8:30AM
Verb Technology Company,
Inc. (Nasdaq: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales
enablement applications, including interactive livestream
eCommerce, webinar, CRM and marketing applications for
entrepreneurs and enterprises, today announced that it has engaged
Truist Securities, Inc. to advise the Company in connection with
the execution of its growth through acquisition strategy.
“As I mentioned on our August 16, 2021 earnings
call, our growth plans and initiatives are multi-faceted and
include the ongoing evaluation of several potentially accretive
acquisition opportunities that can accelerate VERB’s revenue growth
and value creation,” said Rory J. Cutaia, CEO of VERB. “We have
engaged Truist Securities in connection with one of those
opportunities. Truist Securities has a deep bench of professionals
with proven industry knowledge, and we are confident we will
receive the best strategic and transactional advice as we continue
to execute this facet of our growth plans to create value for our
shareholders.”
About VERBVerb Technology
Company, Inc. (Nasdaq: VERB) transforms how businesses attract and
engage customers. The Company’s Software-as-a-Service, or SaaS,
platform is based on its proprietary interactive video technology,
and comprises a suite of sales enablement business software
products offered on a subscription basis. Its software applications
are available in over 60 countries and in more than 48 languages to
large enterprise and small business sales teams that need
affordable, easy-to-use, and quick-to-get-results sales tools.
Available in both mobile and desktop versions, the applications are
offered as a fully integrated suite, as well as on a standalone
basis, and include verbCRM (Customer Relationship Management
application), verbLIVE (Interactive Livestream eCommerce and Video
Webinar application), verbTEAMS (a Self On-boarding version of
verbCRM with built-in verbLIVE and Salesforce synchronization for
small businesses and solo entrepreneurs), verbLEARN (Learning
Management System application), and verbMAIL (an interactive video
mail solution integrated seamlessly into Microsoft Outlook). The
Company has offices in California and Utah. For more information,
please visit: www.verb.tech.
Follow VERB here:VERB on
Facebook: https://www.facebook.com/VerbTechCo/VERB on
Twitter: https://twitter.com/VerbTech_CoVERB on
LinkedIn: https://www.linkedin.com/company/verb-tech/VERB on
YouTube:
https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQDownload
verbMAIL here: verbMAIL on Microsoft AppSource Store
FORWARD-LOOKING STATEMENTSThis
communication contains “forward-looking statements” as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties and
include, without limitation, any statement that may predict,
forecast, indicate or imply future results, performance or
achievements, and may contain words such as “anticipate,” “expect,”
“project,” “plan,” or words or phrases with similar meaning.
Forward-looking statements contained in this press release relate
to, among other things, the Company's projected financial
performance and operating results, including SaaS Recurring
Revenue, as well as statements regarding the Company's progress
towards achieving its strategic objectives, including the
successful integration and future performance of acquisitions.
Forward-looking statements are based on current expectations,
forecasts and assumptions that involve risks and uncertainties,
including, but not limited to the COVID-19 pandemic and related
public health measures on our business, customers, markets and the
worldwide economy; our plans to attract new customers, retain
existing customers and increase our annual revenue; the development
and delivery of new products, including verbLIVE; our plans and
expectations regarding software-as-a-service offerings; our ability
to execute on, integrate, and realize the benefits of any
acquisitions; fluctuations in our quarterly results of operations
and other operating measures; increasing competition; general
economic, market and business conditions. If any of these risks or
uncertainties materialize, or if any of our assumptions prove
incorrect, our actual results could differ materially from the
results expressed or implied by these forward-looking statements.
Investors are referred to our filings with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q, for additional information
regarding the risks and uncertainties that may cause actual results
to differ materially from those expressed in any forward-looking
statement. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and we
do not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made, except as
required by law.
There are currently no binding commitments with
respect to any transaction for which Truist Securities has been
engaged as our financial advisor. The Company cannot provide any
assurance that a transaction will occur or that, if a transaction
does occur, it will enhance stockholder value. The Company does not
intend to disclose developments regarding its consideration of
potential strategic transactions or alternatives unless a material
definitive agreement for a specific transaction is entered
into, or the Company otherwise determines further disclosure is
appropriate or required by applicable law or Nasdaq
listing standards.
Investor Relations: 888.504.9929
investors@verb.tech
Media Contact: 855.250.2300, ext.107
info@verb.tech
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