VERB Opens Vendor Waitlist for New Livestream Shopping Platform

Rhea-AI Summary

Verb Technology Company has launched a waitlist for its new multivendor livestream shopping platform, MARKET, aimed at creating a dynamic online shopping experience. The platform allows simultaneous livestream shopping sessions by various vendors and offers features such as a multivendor shopping cart and affiliate rewards. Designed for both mobile and desktop, MARKET enhances customer engagement with real-time analytics and professional-quality streaming. This initiative represents VERB's commitment to merging ecommerce with entertainment, potentially transforming online sales channels.

Positive

• Launch of MARKET, a new 24/7 multivendor livestream shopping platform.
• Enhanced customer engagement through features like multivendor shopping carts and affiliate rewards.
• Potential to serve as a primary distribution channel, replacing vendor websites.

Negative

• None.

MARKET – VERB’s New Multivendor Platform – To Revolutionize Global Livestream Shopping

NEWPORT BEACH, Calif. and SALT LAKE CITY, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including shoppable livestream, today announced it has opened a waitlist for new vendors for MARKET, its new 24/7 multivendor, livestream shopping platform designed to host scores of simultaneous livestream shopping sessions by consumer brands, big-box stores, boutiques, celebrities, content creators, and influencers selling products and services across numerous categories.

VERB has released a new MARKET video which can be viewed here, that highlights the new platform’s key features, functionality, and differentiators. MARKET is entirely browser-based, which means guests can join a live shopping event on mobile or desktop without first having to download an app. MARKET also features a multivendor shopping cart that allows shoppers to place items for purchase in their carts from different vendors, even from different livestreams, enhancing the shopping experience, and it incorporates VERB’s proprietary affiliate/attribution feature to reward shoppers who promote upcoming vendor events. MARKET is built to deliver a true social shopping experience for guests visiting the site, while also providing vendors and creators with the real-time control, data, analytics, flexibility, and professional TV-quality multi-camera and multi-presenter capabilities not available to them on other online platforms. Vendors also have permanent storefronts on MARKET as guests return again and again to continue shopping even after a livestream event has ended, which can serve not only as an additional distribution channel for vendors, but for many, it will be their primary distribution channel, even replacing a vendor’s website. Years in development, MARKET is the embodiment of VERB’s vision for the convergence of ecommerce and entertainment.

For Vendors, Brands, Influencers, and Content Creators interested in becoming part of the new paradigm for online commerce, sign up today to join MARKET’s Seller’s Community on Market.Live.

About VERB

Verb Technology Company, Inc. (Nasdaq: VERB), the market leader in interactive video-based sales applications, transforms how businesses attract and engage customers. The Company’s Software-as-a-Service, or SaaS, platform is based on its proprietary interactive video technology, and is comprised of a suite of sales enablement business software products offered on a subscription basis. Its software applications are used by hundreds of thousands of people in over 60 countries and in more than 48 languages. VERB’s clients include large sales-based enterprises as well as small business sales teams, including the sales and marketing departments of professional sports teams. Of note is its forthcoming MARKET, a multi-vendor, multi-presenter, livestream social shopping platform at the forefront of the convergence of ecommerce and entertainment. With approximately 200 employees, the Company is headquartered in American Fork, Utah, and it also maintains offices in Newport Beach, California. 

For more information, please visit: www.verb.tech.

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FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “anticipate,” “expect,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements contained in this press release relate to, among other things, the Company's projected financial performance and operating results, including SaaS Recurring Revenue, as well as statements regarding the Company's progress towards achieving its strategic objectives, including the successful integration and future performance of acquisitions. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to the COVID-19 pandemic and related public health measures on our business, customers, markets and the worldwide economy; our plans to attract new customers, retain existing customers and increase our annual revenue; the development and delivery of new products, including verbLIVE and MARKET; our plans and expectations regarding software-as-a-service offerings; our ability to execute on, integrate, and realize the benefits of any acquisitions; fluctuations in our quarterly results of operations and other operating measures; increasing competition; general economic, market and business conditions. If any of these risks or uncertainties materialize, or if any of our assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. Investors are referred to our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Investor Relations:
888.504.9929
investors@verb.tech

Media Contact:
855.250.2300, ext.107
info@verb.tech

FAQ

What is the new platform launched by VERB?

VERB has launched MARKET, a multivendor livestream shopping platform designed for real-time shopping experiences.

How does MARKET enhance the shopping experience?

MARKET features a multivendor shopping cart allowing purchases from multiple vendors and incorporates affiliate rewards for promoting events.

When was the waitlist for MARKET opened?

The waitlist for MARKET was opened on February 7, 2022.

What types of vendors can join MARKET?

Consumer brands, big-box stores, boutiques, and influencers can join MARKET.

How does MARKET improve vendor engagement?

It offers real-time control, data analytics, and multi-camera capabilities for a better vendor experience.