Increased client onboarding drives platform
growth
CHICAGO, Sept. 23, 2021 /CNW/ - Venzee Technologies Inc.
(TSXV: VENZ) (OTCQB: VENZF) ("Venzee" or the
"Company"), the artificial intelligence (AI) platform for
product data, announces an 87% increase in product data submissions
from consumer brands since July
2021.
Increasing product data submissions are the result of growing
Mesh Connector™ sales and the velocity with which the Company's AI
platform efficiently sends product data from brands to retailers.
This is a clear demonstration of how Venzee's value proposition is
increasingly attractive to new and existing customers as it reduces
costs associated with data management and accelerates revenues by
increasing speed to market.
According to Chad Kaczmarek,
Senior Director of Integrations at Venzee, "This growth would not
be possible without our revolutionary AI platform. This 87%
increase in product data submissions reinforces the importance of
Venzee's investment in developing better technology over
exponential resource growth to keep up with increased sales. Our
advanced onboarding program provides customers with an easier, more
efficient experience which also helps Venzee outpace competition
and flex to surging sales."
According to DigitalCom360, the top 100 online marketplaces
accounted for $2.67 trillion of sales
in 2020. Venzee Mesh Connectors™ enable brands and manufacturers to
upload their entire catalogue of products and digital product
attributes to over 400 of Venzee's top retail and e-tailer
connections with a single click. This eliminates timely, costly and
error-prone manual processes used by brands so they can quickly
upload hundreds of thousands of units of product data to thousands
of retailers.
John Abrams, CEO of Venzee, said,
"As we continue to add new brand and retail clients to our
platform, the value our platform provides to those clients
increases. The same 'Network Effect' we see reflected in our recent
surge numbers has been the growth catalyst for global platforms
such as Amazon, eBay, Uber, and other disruptive and massively
valuable solutions."
Mr. Abrams continued, "We believe brands and retailers that fail
to digitally transform their supply chains to meet customer demand
for more detailed, accurate product information will be displaced
by those embracing modern technology platforms such as ours to
survive in the new age of digital supply chain."
Radically simpler than alternatives, Venzee's Mesh Connectors™
are unique in the market, system agnostic and infinitely scalable.
Venzee's intelligent platform offers partners and brands a
reliable, machine-to-machine interface that accelerates the
distribution of product information to any retail or e-commerce
destination.
With more than 400 retail Mesh Connectors™ instantly available
to brands, Venzee has become an important tool in the
simplification and automation of syndication processes for consumer
brands globally.
About Venzee Technologies, Inc.
Venzee (TSXV: VENZ) (OTCQB: VENZF) is the leading artificial
intelligence platform for product data used by global brands to
speed time to market and create competitive supply chain
advantages. Venzee's intelligent platform automates inefficient
last-mile retail processes with a frictionless, machine-driven
solution for sending and receiving product data.
Venzee believes intelligent supply chain functionality is
inevitable and will significantly benefit growers, makers, brands,
sellers, regulators, and consumers. Venzee is building the
foundation for a future where seamless, accurate, automated data
flow simplifies processes, removes friction, and creates value for
all those that rely on the myriad of data and information
surrounding any product, anywhere.
Venzee unlocks shareholder value by carrying out its mission to
create intelligent technology that removes friction from the global
supply chain. Its Mesh Connector™ product disrupts and displaces
inefficient manual processes in favor of integrated, machine-driven
solutions.
To learn more about the Venzee platform, visit venzee.com.
Twitter: @usevenzee
LinkedIn: https://www.linkedin.com/company/venzee-inc/
Podcast: https://www.venzee.com/resources/podcast
On Behalf of the Board,
Peter Montross
Chief Operating Officer
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements with respect to the terms of the Offering, the
completion of the Offering and the expected use of the net proceeds
received by the Company. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; and regulatory risks. Additional
information about these assumptions and risks and uncertainties is
contained under "Risk Factors and Uncertainties" in the Company's
management's discussion and analysis for the year ended
December 31, 2018, and the quarter
ended August 29, 2019, which are
available under the Company's SEDAR profile at www.sedar.com, and
in other filings that the Company has made and may make with
applicable securities authorities in the future.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information
contained in this news release is expressly qualified in its
entirety by this cautionary statement.
The Company does not undertake to update any forward-looking
information, except as required by applicable securities laws.
Neither TSX-V nor its Regulation Services Provider (as that term
is defined in policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this release.
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SOURCE Venzee Technologies Inc.