Worldwide Brands and Manufacturers Can Now Automate the Delivery of Complete and Accurate Product Content to Bed Bath & Beyond and Buy Buy Baby through Venzee's Mesh API
VANCOUVER, June 5, 2019 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company") is pleased to announce the completion of the integration of its Mesh API intelligent content distribution platform with Bed Bath & Beyond and Buy Buy Baby, further expanding its list of Venzee Certified retailers.
Venzee's channel partners can now connect their clients directly to Bed Bath & Beyond through Venzee Mesh API to automate the distribution of complete, accurate, and consumer-relevant product attributes. For Bed Bath & Beyond - and thousands of other retail destinations - Venzee's intelligent distribution solutions allow trading partners to exchange an infinite range of attributes, supporting the growing range of product requirements including basic ASIN information, GS1 standard weights and measures, trade attributes to support A+ Content, and even vendor specific regulatory content.
Peter MacKay, President and CEO of Venzee, said, "Our team continues to make great strides building out our certified network of retailers. This enables our channel partners and clients to become more integrated with their retail partners. Managing product content and its delivery is vital in this new age of digital retail and we believe Venzee provides the solution through our Mesh API." Mr. MacKay continued, "Retail trade is no longer linear and to be successful brands and manufacturers need intelligent distribution solutions and to integrate with retailers. We are focused on growing our distribution network and to integrate our channel partners and their clients to our certified network of retailers."
According to CrowdAnalytix, inaccurate product data costs over $100-billion per year in online retail due to inaccurate product descriptions, missing attributes, and incomplete or outdated images. Venzee's Mesh API enhances the technology and content distribution with all touch points of the supply chain for retailers, brands, and partners. Through five signed channel partnership agreements, Venzee has potential access to more than 100,000 brands and manufacturers.
Venzee is an intelligent content distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network. 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.
Venzee operates as a Software as a Service (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/
On Behalf of the Board,
Peter MacKay, President and CEO
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 expected use of the net proceeds received by the Company. 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, 2018 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-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Venzee Technologies Inc.
For further information: Investor Relations: Caleb Jeffries, Investor Relations, Kin Communications Inc., 1-866-684-6730, [email protected]