VERB Signs Phoenix Suns in Multi-Year Deal to Provide Interactive Video Technology to Drive Ticket and Merchandise Sales and Increase Fan Engagement
March 28 2022 - 1:05PM
Verb Technology Company,
Inc. (Nasdaq: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales
enablement applications, including shoppable livestream, today
announced that the Company has entered into a partnership with the
Phoenix Suns (“the Suns”) of the National Basketball Association
(NBA). The Phoenix, Arizona-based team will leverage VERB’s suite
of sales enablement solutions to drive ticket and merchandise sales
and engage with Suns’ fans through interactive, shoppable digital
content.
"The implementation of VERB’s video-based
software solutions should help us continue to grow and future proof
our marketing technology stack, supporting elevation of our content
strategies for ticket sales, merchandise sales, and overall brand
awareness,” said Tramon Thomas, VP, Brand Digital and Social, of
the Phoenix Suns. “This technology will also be a significant
addition to the Suns’ new digital strategy, which will capitalize
on interactive digital content and strengthen our digital assets to
reach fans and supporters. We look forward to advancing our digital
redesign initiatives with VERB’s leading-edge interactive video
technology.”
"We are thrilled to sign a partnership with the
Suns, a team that not only shines on the basketball court but also
with their vision to deploy powerful digital technology tools to
increase sales and engage their fans,” said Rory J. Cutaia, CEO of
VERB. “Seeing solid growth in our sports entertainment vertical
reflects the strong and broad use case applications for our
video-based solutions across various businesses and industries to
accelerate sales growth and further engage with customers, clients,
and fans who are rapidly adopting video as a form of communication
and effective interaction. We see great things ahead from our
partnership with the Suns and look forward to further expanding our
presence in the NBA and other professional sports leagues.”
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB),
the market leader in interactive video-based sales applications,
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 is comprised of a
suite of sales enablement business software products offered on a
subscription basis. Its software applications are used by hundreds
of thousands of people in over 60 countries and in more than 48
languages. VERB’s clients include large sales-based enterprises as
well as small business sales teams, including the sales and
marketing departments of professional sports teams. Of note is its
forthcoming MARKET, a multi-vendor, multi-presenter, livestream
social shopping platform at the forefront of the convergence of
ecommerce and entertainment. With approximately 200 employees, the
Company is headquartered in American Fork, Utah, and it also
maintains offices in Newport Beach, California.
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www.verb.tech.
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FORWARD-LOOKING STATEMENTS
This 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.107
info@verb.tech
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