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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:
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
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.
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.