4th Channel Partnership Agreement Enables VENZEE API As Key Automation Solution Option Available To More Than 100,000 Manufacturers And Distributors
VANCOUVER, Dec. 14, 2018 /CNW/ - Venzee Technologies Inc. (TSXV: VENZ) ("Venzee" or the "Company") the most advanced platform for the distribution of consumer-relevant product information, is pleased to announce the addition of a NYSE publicly traded global e-commerce service provider to its Channel Partner Program.
Venzee's Channel Partner Program was created to leverage Venzee's Mesh API platform for high volume product manufacturers, large retailers, and global distributors to integrate their existing content systems with an increasingly challenging retail landscape. With today's announcement, Venzee's technology is now available to serve more than 100,000 manufacturers, distributor and retailers served through our announced partnerships. This represents an addressable market greater than $50M USD per year.
"The Channel Partner Program has resulted in a handful of previously announced contractual engagements", says Peter MacKay, President and CEO of Venzee. "These agreements are being executed to drive our revenue for Venzee and its shareholders. Venzee has a unique technology that is clearly being recognized by the leading providers of online content distribution."
Launched in February, the Venzee Channel Partner Program offers brands, manufacturers, retailers, and distributors an open, API-based, system-agnostic content distribution platform. Venzee's workflow technology complements and extends utility for Content Management Systems, ERP's and other platforms common in complex product organizations.
"Consumer demand for useful, detailed, and relevant product information has been the primary driver behind the growth of Venzee and our partner program in particular," stated John Abrams, Vice President for Partner Development at Venzee. "Brands need to optimize their investment in content management to remain consumer relevant - integrating Venzee's content distribution tools with existing management solutions helps connect brand content to demanding consumers."
Venzee's intense focus on using modern technology to automate process and remove content distribution friction aligns with, and supports, the objective of providing "end-to-end" content availability made by traditional content management platforms serving the vast majority of enterprise-class manufacturers, retailers, and distributors.
With this agreement, Venzee has 4 signed partners from our funnel of 34 partners in discussion to utilize our technology, of which 9 more are in active negotiations.
Venzee is a data transformation and distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client's desired level of sophistication and automation.
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, the expected results from the entering into of partnership agreements, the expected results from Venzee's Channel Partner Program, the use of, and expected results from, Venzee's technology by end users and Venzee's expected revenue generation. 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.
For further information: Peter Mackay, President and CEO, [email protected]; Investor Relations, Arlen Hansen, Investor Relations, Kin Communications Inc., 1-866-684-6730, [email protected]