Venzee's Mesh Connectors™ Increase Product Information Speed to
Market for Brand During Global Supply Chain Crisis
CHICAGO, Jan. 27, 2022 /CNW/ - Venzee Technologies
Inc. (TSXV: VENZ) (OTCQB: VENZF) ("Venzee'' or the
"Company"), the artificial intelligence (AI) platform for
product data, reports today increased demand for retail connections
driven by existing partner and brand clients.
The Venzee platform offers consumer brands a simple digital path
to more than 500 global retailers. Using Venzee's proprietary Mesh
Connectors™, brands reduce complexity and cost they face trying to
keep pace with demand for retail data amid today's supply chain
challenges.
Growing demand for additional Mesh Connectors™ comes from a
client who began using the Venzee platform in Q4 2021 and has seen
measurable operational gains as a result.
According to Chad Kaczmarek, VP
of Customer Delivery and Engagement at Venzee, "Last year, we
proved to the client the value of our platform with rapid
syndication to two of their many sales channels. More importantly,
we were able to apply our AI tools to optimize the configuration
and mapping of their data to meet all of their retail channel
requirements."
In Mr. Kaczmarek's assessment, "Our platform allowed the client
to reduce the time spent on each retail driven task, affording them
an easier path forward with any of their retail channels. With that
proven labor savings, it just made sense for them to expand
syndication through Venzee to additional sales channels using our
extensive range of available Mesh Connectors™."
Venzee CEO John Abrams said,
"Again, we see that initial use of the Venzee platform leads to
increased demand of our Mesh Connector™ product, resulting in
scalable revenue from our existing customers. This validates our
advanced technology and positions us for significant growth."
With more than 500 major retail Mesh Connectors™ instantly
available to brands, Venzee has become an important tool in the
simplification and automation of syndication processes for brands
globally.
The company has previously announced it is in advanced contract
negotiations with three potential customers, that if secured, would
result in the Company exceeding its 2022 Mesh Connector™ sales
targets of 13,000 and associated revenue. There is no certainty
that these partnerships will close.
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: https://www.rethinkingsupplychain.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 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.
