Venzee Surpasses Q1 Sales Target with Significant Mesh Connector™ Purchase
Venzee far exceeds ambitious quarterly goal with sale of 500 Mesh Connectors™ to single partner
CHICAGO, Ill., March 18, 2021 /CNW/ - Venzee Technologies Inc. (TSXV: VENZ) ("Venzee" or the "Company") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces today a bulk purchase of 500 Mesh Connectors™ from a Product Content Management (PCM) partner.
The partner, a modern content management platform solution, engaged Venzee to fully automate the syndication of product information to global retailers for several of their large Consumer Packaged Goods (CPG) clients using Venzee's proprietary Mesh Connector™ product.
Other syndication solutions evaluated by this PCM partner were unable to offer the complete, end-to-end automated process Venzee uniquely provides. Venzee's Mesh Connectors™ offer brands and partners a single, reliable, machine to machine interface to simplify and speed the movement of product information to any retail destination.
With nearly 400 major retail Mesh Connectors™ available to clients, Venzee has become an important tool for brands and content management solutions who need to simplify and automate their syndication processes.
John Abrams, President and CEO of Venzee Technologies, said, "While this bulk purchase of 500 connectors is significant and outperforms our target of 250 Mesh Connector™ sales in Q1, it is in line with our overall sales performance expectations and will help ensure our ambitious full year sales targets are achieved."
Continued Mr. Abrams, "This significant bulk connector sale validates our belief that brands and content management companies value our unique platform functionality and will continue to purchase Mesh Connectors™ in increasingly large blocks ensuring Venzee can extract massive lifetime value from committed brands and partners."
Throughout 2021, Venzee Technologies has consistently met Key Performance Indicators (KPIs) and, with this large Mesh Connector™ purchase, has well exceeded its target of 250 Mesh Connectors™ sold by the end of Q1 2021.
Through new clients and deeper penetration across existing engagements, the Company anticipates it will continue announcing, on a regular basis, additional sales of Mesh Connectors™ within brands and manufacturers who have deeply integrated Venzee's platform capabilities across their retail sales channel operations.
Radically simpler than alternatives, Venzee's Mesh Connectors™ are unique in the market and are system agnostic and infinitely scalable.
By streamlining and automating the syndication and distribution of product information across any retailer sales channel, Venzee's Mesh Connectors™ provide consumer brands with a competitive edge that accelerates time to market and maximizes cost-effectiveness.
Mesh Connectors™ make the tedious process of setting up thousands of individual retail channels for a single product a thing of the past.
About Venzee Technologies, Inc.
Venzee (TSX-V VENZ) is a technology platform used by Global Brands to speed products to market and create competitive supply chain advantage. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost, intelligent platform solution.
We believe intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. At Venzee, we're 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's mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.
To learn more about the Venzee platform, visit venzee.com
Twitter: @usevenzee
LinkedIn: https://www.linkedin.com/company/venzee-inc/
Podcast: https://www.venzee.com/resources/podcast
On Behalf of the Board,
Annie Dysart
Marketing Specialist
Venzee Technologies, Inc.
annie@venzee.com
888-359-8110