Venzee grows its digital retail channel
inventory above full-year target to more
than 500 fully automated Mesh Connectors™
CHICAGO, Jan. 6, 2022 /CNW/ - Venzee Technologies Inc.
(TSXV: VENZ) (OTCQB: VENZF) ("Venzee'' or the
"Company"), the artificial intelligence platform for product
data, announced today it has grown its retail channel inventory
above plan, now offering more than 500 unique, digital connections
to global retailers.
Available instantly to global brands through the Venzee
Platform, Venzee sells digital retail channels as Mesh Connectors™
to clients looking to simplify and automate product information
delivery.
Using Venzee's proprietary AI-driven Mesh Connectors™, brand
clients realize increased speed to market, improved content
accuracy, reduced labor cost, and more detailed information
critical to advantage their products for sale on the digital and
analog shelf.
"The addition of more than 100 retail channels in under 30 days
demonstrates Venzee's ability to meet growing client demand for
digital integration across a range of global retailers," said
Chad Kaczmarek, Senior Director of
Integrations at Venzee.
With more than 500 major retail Mesh Connectors™ now available
to brand clients, Venzee has become an important tool in the
simplification and automation of syndication processes for brands
globally.
Mr. Kaczmarek continued, "Hitting this retail channel
availability milestone is significant because it indicates a clear
advantage of the Venzee Platform over alternative content delivery
solutions such as the GDSN Data Pool. Legacy solutions such as the
GDSN limit the information retailers can collect from brands. A
reality of outdated technology, those limitations present a
significant challenge to brands, manufacturers, retailers, and
ultimately consumers. I'm proud to be working in an organization
with revolutionary AI-based technology that is foundational to our
continued success."
Venzee's advanced platform eliminates labor-intensive approaches
to content distribution, unlocking massive value for consumer
brands looking to accelerate revenue generation and scale product
data delivery to leading global retailers like Walmart, Home Depot,
and Amazon.
Venzee CEO, John Abrams said,
"Our ability to meet client needs by quickly making relevant retail
channels available is directly correlated with the effective
monetization of brand clients. Now, with more than 500 retail
channels published on our platform, we are meeting our client needs
and are well-positioned to achieve our active, revenue-generating
retail channel targets for 2022 and beyond."
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.