RE:RE:RE:RE:RE:RE:Venzee Case StudyHi CG Buddy
If you have the time go back and read all of the press releases since John became CEO, Hind sight is 20 20 but if Venzee would have had John from the beginning Venzee would have been much further along. Having said that He came in and had to change the whole business model which takes time. So far he has been very upfront at the initial challenges he had to face but IMHO has done exactly what he has set out to do. He was very aggessive in lowering cost and realizing what the strengths of the Tech was.
I just look at what has happened over the last 2-3 quarters and Venzee has made headway, it seems to me that this Company is still flying under the radar. Hopefully we will get some more clarity next week on the conferance call. As of the last call he has stated they continue to hit their targets and are on pace for 2000 connections by years end. This could be a story of where the expoential growth could truly be amazing. I just keep reading articles on Supply Chain, Logistics, how large of an industry online ordering has become and the very high cost of returns for improper information. Billions of Dollars per year.
Make sure you do your own DD I think I have said this before but in our household alone I bet you between my wife and teen age daughter they return about 3 out of every 10 things they order because of improper size or not exactly what they thought they ordered.
Venzee's Tech helps Retailers reduce this problem dramaticly.