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Venzee Appoints Darren Battersby as Chief Financial Officer

VANCOUVER, July 30, 2019 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company") is pleased to announce the appointment of Darren Battersby as Chief Financial Officer, effective August 1st, 2019.

Venzee Technologies Inc. (CNW Group/Venzee Technologies Inc.)

Mr. Battersby joins Venzee bringing the required experience to take the company through its next phase of growth. Mr. Battersby has held key roles in a number of growing and developing companies in the public sector.

Mr. Battersby's experience is primarily within the financing, structuring and operating of growing companies and spans across a variety of industries such as software development, entertainment and high tech. He has recently held the position of CFO of Network Media Group (NTE.V), ProSmart Enterprises (PROS.V), Rainmaker Entertainment (RNK.TO), and OneMove Technologies Inc. (OM.V). He qualified as a chartered professional accountant in 1997 through the British Columbia Institute and graduated from Simon Fraser University in 1994 with a BBA.

Peter MacKay, CEO of Venzee, commented, "We are very excited to have Darren join us as CFO. His extensive work in the field and dedication to developing growth strategies has us confident in his abilities to go above and beyond the targets we have set for Venzee. As we enter the phase of revenue growth through our partner channels, we are confident in Darren's ability to guide Venzee to continued success." Mr. MacKay continued, "On behalf of the board of directors and management, we would like to thank Issa Nakhleh for his service and contribution to Venzee as CFO over the last 14 months and wish Mr. Nakhleh all the best in his new role."

About Venzee

Venzee is an intelligent content distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client's desired level of sophistication and automation.

Venzee operates as a Software as a Service (SaaS), allowing flexibility for enterprise customers of all sizes wishing to improve their digital supply chain solutions. To learn more about Venzee, visit https://venzee.com/

On Behalf of the Board,

Peter MacKay, President and CEO
peter@venzee.com

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 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 its latest annual information form filed August 29, 2018, 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.

SOURCE Venzee Technologies Inc.

For further information: Venzee, Investor Relations, Caleb Jeffries, Kin Communications Inc., 1-866-684-6730, VENZ@kincommunications.com