CHICAGO, Nov. 15, 2021 /CNW/ - Venzee Technologies
Inc. (TSX-V: VENZ) (OTCQB: VENZF) ("Venzee'' or the
"Company"), the artificial intelligence (AI) platform for
product data, announced a new contract with a leading manufacturer
of kitchen and bath furniture and related products sold through
major home improvement retailers across North America.
According to Chad Kaczmarek,
Senior Director of Integrations at Venzee, "Big box retailers often
stock upwards of 50,000 products. To manage all that complexity,
retailers impose stringent product data requirements on their
suppliers. For this large furniture brand, Venzee is the simple
solution needed to satisfy retailer requirements and speed their
products to the retail market."
This recognized furniture brand chose Venzee over other
providers because its Mesh Connector™ technology and AI platform
deliver rapid, reliable results at scaled speeds, with high
accuracy and an intelligent verification process that other
providers can not offer.
With more than 400 retail Mesh Connectors™ instantly available
to consumer brands, Venzee has become a revolutionary tool in
digital supply chain automation and the simplification of product
data distribution to global retailers.
Venzee CEO John Sexton Abrams
said, "Our advanced digital platform continues to attract large
brands, retailers, and distributors across the consumer retail
market. Our growing client base has been frustrated with legacy
solutions that have failed to keep pace with modern retail. Our
clients demand the modern, scalable, AI platform we uniquely
provide."
Continued Mr. Abrams, "Big box retail represents some of the
most complex product data challenges in retail trade today. Our
hyper-efficient Mesh Connectors™ meet that challenge and give
brands an important tool they need to efficiently manage their
product data operations at scale and improve sales performance
globally."
Separately, the Company is pleased to announce it has received
more than $260,000 CAD from the
exercise of share purchase warrants.
3rd Quarter Financial Results
Additionally, the Company has announced it will file 2021 third
quarter results after market Monday,
November 22 and hold a conference call to discuss these
financial results the following morning on November 23, 2021.
John Sexton Abrams, Chief
Executive Officer, and Darren
Battersby, Chief Financial Officer of Venzee Technologies,
will discuss the results in a conference call and live audio
webcast on Tuesday, November 23, 2021
at 8:30 A.M. EST (5:30 A.M. PST) followed by a presentation and
Q&A. The presentation will be recorded and available for
viewing after the live conference call.
Details for Quarterly Conference Call on November 23, 2021
Date: November 23, 2021
Time: 8:30AM EST (5:30AM PST)
Register to view the live audio webcast at:
https://onlinexperiences.com/Launch/QReg/ShowUUID=0C8876CC-F6EC-49CA-A0B6-E3DACEBAA200
Conference ID: 4791827
Dial-in Number: 833 513-0552
Audience Webcast URL:
https://onlinexperiences.com/Launch/QReg/ShowUUID=0C8876CC-F6EC-49CA-A0B6-E3DACEBAA200
Contact Venzee's investor relations department directly or
through its investor relations team at Kin Communications in
Canada.
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: linkedin.com/company/venzee-inc/
Podcast: 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.