VERB Surpasses One Million App Users Globally
February 26 2020 - 8:00AM
VERB Technology Company, Inc. (NASDAQ:
VERB) ("VERB" or the "Company"), a leader in
business-focused interactive video Webinar, CRM, marketing, and
sales enablement applications, announced that it has officially
surpassed one million provisioned users for its interactive
video-based CRM platform. The increase to one million users amounts
to nearly double the total user count compared to the same period
last year.
“This is a major milestone for our Company, an impressive
achievement for our management team, and represents an opportunity
for meaningful value creation for ourselves and our stockholders
that we intend to pursue aggressively this year,” states VERB CEO,
Rory J. Cutaia. “As we have shared in our earnings calls and
filings, we have been developing and now deploying in-app
subscription purchasing capabilities, allowing our users to
purchase and subscribe for enhanced features and functionality
directly through the app. Some of those features and functionality
include the ability to quickly arrange for the delivery and
tracking of product samples to customers and prospects anywhere in
the world; to subscribe to our content-rich LEARN application
features; the ability to create and share interactive videos with
enhanced analytics and engagement tracking capabilities; and coming
soon, VERB LIVE, our ground-breaking live broadcast, interactive
video webinar application; all of which contribute to what our
clients say is the most effective, affordable, and easy to use
sales tools platform available in the market today.”
“But this is where it gets really interesting. Each of these
features will have a monthly recurring subscription fee associated
with it that is expected to range from as low as $0.75 per user per
month, to as much as $25 per user per month. These fees are in
addition to the monthly subscription fees currently paid by
corporate for their sales reps’ use of the platform. What’s most
exciting about these initiatives, is that we will be able to offer
these revenue generating features to our users directly, allowing
us to monetize this massive and rapidly growing user base in ways
we were unable to do until now. It’s going to be a busy year for
Team VERB.”
As of February 25, 2020, VERB apps had 17,329 Apple App Store
and Google Play Store ratings, 15,308 of which are five-star
reviews.
About VERB
VERB Technology Company, Inc. (NASDAQ: VERB) is
rapidly emerging as the market leader in interactive video-based
customer relationship management ("CRM") sales and marketing
applications. With offices in California and Utah, VERB provides
next-generation CRM, lead generation, sales enablement, and video
marketing software applications to sales-based organizations in 60
countries and in 48 languages. The Company's proprietary and
patent-pending technology platform produces real-time, measurable
results with some customers reporting greater than 600% increases
in conversion rates. The Company's Software-as-a-Service (SaaS)
products are cloud-based, accessible on all mobile and desktop
devices, and are available by subscription for individual and
enterprise users. The Company's technology is also being integrated
into popular ERP, CRM, and marketing platforms, including
Salesforce and Microsoft, among others. For more information,
please visit: verb.tech.
Forward-Looking and Cautionary StatementsThis
press release may contain “forward-looking” information within the
meaning of the Private Securities Litigation Reform Act of 1995. In
accordance with the safe harbor provisions of this Act, statements
contained herein that look forward in time that include everything
other than historical information, involve risks and uncertainties
that may affect the Company’s actual results. There can be no
assurance that such statements will prove to be accurate and there
are a number of important factors that could cause actual results
to differ materially from those expressed in any forward-looking
statements made by the Company, including, but not limited to,
plans and objectives of management for future operations or
products, the market acceptance or future success of our products,
and our future financial performance. The Company cautions that
these forward-looking statements are further qualified by other
factors including, but not limited to, those set forth in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2018, and other filings with the U.S. Securities and
Exchange Commission (available at www.sec.gov). The Company
undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events, or otherwise.
Media Contact:855.250.2300,
ext.7info@verb.tech
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Investor
Relations949.574.3860VERB@gatewayir.com
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