Verb Technology Company, Inc. (Nasdaq:
VERB) ("VERB" or the "Company"), a leader in interactive
video-based sales enablement applications, including interactive
livestream ecommerce, webinar, CRM and marketing applications for
entrepreneurs and enterprises, and NewAge, Inc. (Nasdaq: NBEV),
the Colorado-based D2C (direct-to-consumer)
organic and healthy products company, today announced that they
have partnered to launch the NewAge Share app, a sales enablement
solution with interactive video technology, to support their global
brand partners and independent distributors in increasing customer
engagement and sales productivity.
NewAge, an emerging thought leader in the health
and wellness space, is a social selling and distribution company
that commercializes a portfolio of organic and healthy products
primarily through a D2C approach to market distribution. NewAge’s
partner companies and brands, including ARIIX, Noni, LIMU, ALIVEN,
and ZENNOA, are aligned with NewAge’s strategy to develop leading,
science-underpinned, and functionally different brands across three
primary platforms: Health and Wellness, Inner and Outer Beauty, and
Nutritional Performance and Weight Management.
The NewAge Share app includes VERB’s customer
relationship and content management application, verbCRM with
artificial intelligence features, which facilitates the selling
process by allowing distributors to manage, share directly with
customers and prospects, and track interactive content, such as
product literature and media, demo videos, personalized videos, or
business proposals. It provides interaction analytics so
distributors can determine which content is resonating with
prospects, and assess overall customer engagement and campaign
effectiveness. This allows distributors to focus their time and
energy more effectively on high-probability sales prospects who
have shown interest, thereby increasing their sales conversion
rates. VERB customers have reported more than 600% increases in
conversion rates. The NewAge Share app also includes verbLEARN,
VERB’s proprietary learning management system for interactive
video-based training and education. The app will be available in 10
languages and will serve up to 600,000 distributors in 75
countries.
Livestreaming capabilities, powered by VERB’s
interactive livestream ecommerce solution verbLIVE, is expected to
be added to the NewAge Share app for targeted international markets
in September 2021.
"We are delighted to incorporate VERB’s powerful
video-based technologies into our array of tools for our expansive
network of global brand partners and independent distributors,”
said Brent Willis, CEO of NewAge. “We value the impact of equipping
our distributors with world-class digital tools and technology that
can go hand in hand with our award-winning social assets and
best-in-class brands. We are also excited to provide shoppable
livestreaming capability in Japan and other international markets,
as we believe it is a game-changing approach to social selling. We
support our Brand Partners in every possible way to increase their
sales conversion rates with more effective follow-ups and better
customer engagement, and believe that VERB is best in the world to
enable it."
“We are proud to be a technology partner for
NewAge and help empower their Brand Partners with industry-leading
sales enablement tools,” said Rory J. Cutaia, CEO of VERB. “VERB
has developed a suite of easy-to-use products creating a
friction-free, fun, social, and video-based sales experience that
enhances customer engagement, while providing real-time viewer
engagement analytics for more effective follow-ups that drive sales
conversion rates. Additionally, we are very excited to support
NewAge in growing its business with the forthcoming addition of
livestreaming, especially in Asia where livestream selling is an
enormous market and a massive opportunity.”
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
About NewAge, Inc.NewAge is a
purpose-driven firm dedicated to inspiring the planet to Live
Healthy™. Colorado-based NewAge commercializes a portfolio of
organic and healthy products worldwide through primarily a
direct-to-consumer (D2C) route to market distribution system across
more than 75 countries. The company competes in three major
category platforms including Health and Wellness, Inner and Outer
Beauty, and Nutritional Performance and Weight Management — leading
a network of more than 400,000 exclusive independent Brand
Partners, empowered with the leading social selling tools and
technology around the world.
For more information on the company, please
visit NewAge.com.
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.
Investor Relations: 888.504.9929
investors@verb.tech
Media Contact: 855.250.2300, ext.125
info@verb.tech
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