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Venzee's AI-Driven Mesh Connectors™ Simplify Engagement with Big Box Home Improvement Retailers
CHICAGO, Sept. 2, 2021 /CNW/ - Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) ("Venzee" or the "Company"), the artificial intelligence (AI) platform for product data, announced today additional Mesh Connector™ activations for a client home improvement brand.
"Activation of the two largest North American home improvement retailers for this new client reflects Venzee's ability to convert its growing pipeline into tangible, SaaS-model revenue," said John Sexton Abrams, CEO of Venzee. "Our proprietary and intelligent platform enables brands to communicate product information to their retailers at the speed consumers demand of commerce today. The level of efficiency provided by our Mesh Connectors™ is revolutionary and our clients recognize the market advantage Venzee provides."
Venzee dramatically reduced the time it takes this client to move product data to these key hardlines retailers by providing a centralized platform they can use to transform data according to the retailers' specific requirements. Venzee's AI platform quickly identifies and alerts the client to any errors in their product data — errors that could have been missed had the client continued to rely on legacy manual syndication methods.
According to Joel Carstedt, Senior Director of Sales at Venzee, "I am excited to see activation of these important Mesh Connectors™ as a first step in converting a massive number of our pipeline sales opportunities in the home improvement and hardlines verticals. Data distribution efficiency is exactly why Venzee is the premier syndication method in the market and our platform will expand retail distribution scale for our pipeline of more than 7,000 Mesh Connector™ sales opportunities."
Venzee Senior Director of Integrations, Chad Kaczmarek, said, "Before our client began using Venzee's Mesh Connectors™, they would manually submit product content to these leading home improvement retailers using a 1970s era data pool method. That process could take half a year or more. Venzee's platform helped the client syndicate their complete product data set in only 30 days,"
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
On Behalf of the Board,
Chief Operating Officer
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.
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SOURCE Venzee Technologies Inc.