Verb Technology Company,
Inc. (Nasdaq: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales
enablement applications, including shoppable livestream, today
announced it has enabled brands and influencers to set up their
standalone storefronts and begin hosting public facing livestream
events immediately on the MARKET platform, even before the formal
public launch.
Denise Butler, COO of VERB, explains: “Think of
it like a new shopping mall has been built and retailers are
setting up their stores prior to the grand opening, and some
stores, like a big department store, for example, have their own
direct entrance, and they’re set up with inventory on the shelves,
and open for business, so customers can come shop without having to
access it through the mall.”
VERB’s MARKET, a unique multi-vendor livestream
shopping platform, has been in soft launch for several months.
During this period, the Company has been actively soliciting
vendors, brands, creators and influencers, qualifying them,
onboarding new and previously selected vendors, assisting them in
setting up their storefronts, product inventory and digital assets,
as well as training them on how to use the platform, coaching them
with best practices in selling in front of the camera, and also
connecting them with professional hosts to enhance the livestream
experience if they so choose.
The new standalone storefront feature has been
very well received. For instance, a recent livestream event on
MARKET was simulcast on several social media platforms, including
Instagram, YouTube, Facebook, among others, driving many viewers
directly to the host’s storefront where they were able to chat and
purchase products. The storefronts continue to attract shoppers
even after the livestream event airs, and a shoppable replay of all
prior livestream events, which always reflect current inventory
levels, can be viewed there as well.
VERB expects to see similar, additional public
facing events announced in the lead-up to the series of Festivals
this summer – large events with multiple vendors under specific
themes focused on food and beverage, wellness, and fashion and
cosmetics – which will mark the official, public launch of the
MARKET platform.
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 100 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 170 employees, the
Company is headquartered in American Fork, Utah, and also maintains
offices in Newport Beach, California.
For more information, please visit:
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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