VERB Technology Highlights Favorable Livestream E-Commerce Trends in Recent Conference and Investor Presentations
February 08 2021 - 9:00AM
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,
today recapped successful presentations at two virtual events last
week. Rory J. Cutaia, CEO of VERB, presented its sales enablement
software-as-a-service platform at VirtualInvestorConferences.com, a
live, interactive online event. The February 4 presentation is now
available as an archived webcast here. Additionally, Mr. Cutaia had
a full day’s schedule of one-on-one meetings with institutional
investors at A.G.P.’s Virtual Emerging Growth Technology
Conference.
At these events, Mr. Cutaia discussed the rapidly changing
consumer behavior and online shopping trends. Specifically, he
cited the ecommerce transformation in China, which is leading the
world in the adoption of livestream shopping. On Singles Day (or
“Double 11”) in 2019, the largest annual shopping festival in China
held on November 11, leading social media influencer Li Jiaqi
generated over $145 million in sales by livestreaming and spending
only five minutes on each product. In 2020, Li Jiaqi and Viya,
another top livestream influencer, kicked off the festival at
midnight on October 21 and together generated $1.2 billion in sales
for that evening alone. Another sales window took place from
November 1 to 3, with the main event on November 11. From November
1 to November 11, ecommerce giants Alibaba and JD.com also reported
combined sales of approximately $115 billion during the event.
Mr. Cutaia highlighted that the U.S. is primed for a similar
livestreaming sales explosion, and that VERB’s sales enablement
platform positions the Company to capitalize on this growth, as it
provides the unique technology and infrastructure for both
enterprises and individuals to conduct livestreamed selling events.
verbLIVE, a powerful and easy-to-use livestream ecommerce
application, allows viewers to directly engage with retailers
during the session through clickable in-video icons to buy, receive
additional product information, set up appointments, and other
customizable interactive features. The app creates a friction-free,
video-based setting to increase customer engagement and drive sales
conversion rates, while offering real-time viewer interaction
analytics.
“During last week’s conferences, I am truly excited to see the
positive investor and audience response to our solutions platform
and the favorable trends supporting industry growth,” said Mr.
Cutaia. “Our applications are ideal tools for livestreamed direct
selling, which we expect will grow in popularity, driven by the
pandemic. We are also seeing social media influencers increasingly
play a role in this transformation, as their millions of followers
form an immediate audience for an event. Being able to create
engagement, and not just track it, sets the VERB platform apart
from other sales tools. Looking ahead, we’re seeing clear signals
for the rapidly emerging convergence of entertainment and
ecommerce, think “shoppable entertainment,” and we intend to apply
our technology to usher in this new paradigm shift. It should be an
exciting year for ourselves and 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), and verbLEARN (Learning
Management System application). The Company has offices in
California and Utah. For more information, please visit:
www.verb.tech.
FORWARD LOOKING STATEMENTS This press release
contains forward-looking statements that involve risks and
uncertainties, including statements about the closing of the
offering of common stock. These forward-looking statements involve
risks and uncertainties. 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. These risks and
uncertainties include risks associated with: 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; and the risks described in the
filings that we make with the Securities and Exchange Commission
(“SEC”) from time to time, including the risks described under the
headings “Risk Factors” and “Management Discussion and Analysis of
Financial Condition and Results of Operations” in our Annual Report
on Form 10-K, which was filed with the SEC on May 14, 2020, as
amended by Amendment No. 1 on Form 10-K/A to our Annual Report on
Form 10-K, which was filed with the SEC on June 4, 2020, and which
should be read in conjunction with our financial results and
forward-looking statements contained therein, and our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2020, which
was filed with the SEC on November 16, 2020, which should be read
in conjunction with our financial results and forward-looking
statements contained therein. 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 Contact: 888.504.9929
investors@verb.tech
Media Contact: 855.250.2300, ext.107
info@verb.tech
Verb Technology (NASDAQ:VERB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verb Technology (NASDAQ:VERB)
Historical Stock Chart
From Apr 2023 to Apr 2024