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Venzee Technologies Inc
Symbol VENZ
Shares Issued 139,451,201
Close 2020-07-15 C$ 0.12
Recent Sedar Documents

Venzee has 319 new retail channel requests in June

2020-07-16 13:25 ET - News Release

Mr. John Sexton Abrams reports

VENZEE TECHNOLOGIES REPORTS RETAIL CHANNEL INCREASE FOR JULY

Venzee Technologies Inc., in response to growing client demand for retail channel connections provided through the company's platform solution, is now providing stakeholders with visibility to retail channel connection growth and operational pipeline velocity.

Today the Company is announcing key metrics indicating Retail Channel Availability through its platform solution and metrics indicating increased pipeline velocity over the past 30 days.

Venzee provides an AI platform solution for automating information flow in the 'last mile' of the retail supply chain. Venzee extends and expands the benefits of digital integration to any consumer-facing retail destination. The Company charges a fee for each retail channel connection it provides to a brand, manufacturer, or distributor through its globally available, cloud-based platform.

According to Chad Kaczmarek, Senior Director of Integrations at Venzee, "Accelerating pipeline velocity through rapid retail channel deployment has always been our goal. In the early stages of the COVID-19 pandemic however, manufacturer requests outpaced our capabilities and required our team to improve both tech and operational processes. We have responded to that client demand and now can deploy new retail channel connections to more quickly satisfy client requests and meet our Q4 2020 channel availability goals."

Retail Channel Availability - Monthly Metrics

June Retail Channel Availability was 136.

June New Retail Channel requests totaled 319.

Between June 15 and July 15 the Company added 42 new Retail Channels to its platform, significantly increasing the previous month channel deployments.

On July 15, Retail Channels Available through the Company's platform totaled 178 or 59% of the Company's 2020 operational goal.

About Venzee

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.

We seek Safe Harbor.

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