VANCOUVER, Oct. 30, 2018 /CNW/ - Venzee Technologies Inc.
(TSX-V:VENZ) ("Venzee" or the "Company") and Mobius Knowledge Services are pleased to announce the
completion of strategic enterprise partnership agreement where Mobius will integrate Venzee Mesh API into their Product
Information Management ("PIMworks") platform for Venzee to upload accurate, relevant product content to various retailers their
clients use for product distribution.
Mobius is a trusted data solutions partner to 50+ Forbes 2000 companies, offering data enrichment, data aggregation, online
retail services such as product cataloging, minimum advertised price ("MAP") monitoring and products such as ProductiWise and PIMworks. Mobius delivers over 62M records a month
for their customers across 12 industries globally.
The partnership delivers value added services to the Mobius platform allowing a revenue share from the Mobius clients that use
Venzee's Mesh technology.
Karthik Karunakaran (KK), CEO of Mobius stated, "We are proud to be bringing our clients this
highly innovative last mile solution to deliver rich, accurate consumer relevant content to their retailers without the need for
manual input. It has immediate ROI and helps solve a pain point for many manufacturers and distributors around the world in the
rapidly changing e-commerce world."
Peter Mackay, President and CEO stated, "This is the beginning of what we feel is a very
exciting partnership. Mobius is a highly respected technology provider for many Fortune 2000 companies around the world. Venzee
completes their already robust solution by delivering their highly organized, collated, meticulously curated, and stored data to
the retailers their customers connect with around the world."
This is the third partnership that Venzee has executed, and the progression from the LOI previously announced earlier this
year, with well respected technology partners around the world further validating the value of Venzee's IP and its channel
partner strategy.
On Behalf of the Board,
Peter Mackay, President and CEO
peter@venzee.com
Investor Relations
Arlen Hansen
Investor Relations, Kin Communications Inc.
1-866-684-6730
VENZ@kincommunications.com
About Venzee
Venzee is a data transformation platform that can seamlessly integrate the world's largest retailers with their suppliers,
bringing products to market faster than ever before. Our API replaces manual data entry, resulting in a digital supply chain that
increases margins and accelerates revenue. Venzee is leveraging its technology to partner with established supply chain leaders
to deliver a real time solution to a global audience.
Venzee operates as a Software as a Services (SaaS), allowing flexibility for enterprise customers of all sizes wishing to
improve their digital supply chain solutions.
To learn more about Venzee, visit https://venzee.com/
About Mobius
Mobius is a data and technology solutions company that helps businesses discover valuable insights from the web and the
complex world of unstructured data.
Having served giants across varied industries for over 15 years, Mobius has seen how the ever-expanding internet data has been
of tremendous use in terms of competitive advantage, customer relationships, and strategic decision making for a score of
businesses. Mobius handles such large-scale mining of voluminous unstructured data through intelligent automation involving
fine-tuned machine learning models, NLP techniques, and AI solutions managed and trained by the unmatched pool of people talent
at Mobius.
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 execution of the Company's growth
strategy. 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, 2017 and its latest
annual information form filed August 29, 2018, 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 Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Venzee Technologies Inc.
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