VERB’s MARKET Livestream Shopping Platform Now Drives Sales for Musicians, Artists, Authors, and Other Digital Content Creators
April 19 2022 - 9:31AM
Verb Technology Company,
Inc. (Nasdaq: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales
enablement applications, including shoppable livestream video,
today announced that MARKET, the Company’s livestream shopping
platform, can now accommodate a greatly expanded slate of creators
including musicians, artists, authors, and virtually any other
seller of digital assets, through its newly enabled digital
download ecommerce feature.
The new feature is available immediately for
creators and influencers who are already conducting private
livestream events or have standalone stores within the MARKET
ecosystem from which they conduct livestream sales events. They
could also sell these digital downloads directly from their
storefronts.
“With this new capability, we are greatly
increasing our revenue potential and addressable market,” said Rory
J. Cutaia, CEO of VERB. “By enabling digital download ecommerce
through the MARKET platform, we’re helping to facilitate the
explosive growth of the creator economy, allowing virtually any
creator to monetize their music, art, and eBooks, among countless
other categories, while engaging directly with their fans and
followers in a livestream event. This capability ensures a robust
marketplace for the platform, not subject to supply chain or
inventory issues. Think about all the influencers, singers,
authors, digital artists, and other creators who are actively
seeking new ways to monetize their content creations by making them
available directly to the consuming public – MARKET presents that
opportunity, and more, for them.”
MARKET is a 24/7, multi-vendor, livestream
shopping platform designed to host simultaneous livestream shopping
sessions by consumer brands, big-box stores, boutiques,
celebrities, content creators, and influencers selling products and
services across numerous categories.
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.
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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,
10-KA, 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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