VERB Partners with the Pittsburgh Penguins to Provide Interactive Sales Technology to Drive Ticket and Merchandise Sales

Rhea-AI Summary

VERB Technology Company (Nasdaq: VERB) has partnered with the NHL's Pittsburgh Penguins to enhance ticket and merchandise sales using its interactive video sales software. This collaboration aims to boost fan engagement and business growth through innovative technology. The Penguins' Chief Revenue Officer expressed enthusiasm for implementing VERB's solutions in a rapidly evolving environment. CEO Rory J. Cutaia highlighted this partnership as a testament to VERB's potential in the sports industry, anticipating it as a stepping stone for future collaborations.

Positive

• Partnership with Pittsburgh Penguins to enhance ticket and merchandise sales.
• Utilization of advanced interactive video sales technology.
• Potential for future collaborations with other sports franchises.

Negative

• None.

VERB expects this partnership to be the first of many sports franchises that would use its tools to increase sales and fan engagement

NEWPORT BEACH, Calif. and SALT LAKE CITY, Oct. 11, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce and shoppable video, webinar, CRM, and marketing applications for entrepreneurs and enterprises, today announced that the Company has entered into a partnership with the Pittsburgh Penguins of the National Hockey League (NHL) to provide its industry-leading interactive sales software to drive ticket and merchandise sales. The Pittsburgh Penguins, known to be one of the most innovative professional sports franchises in North America, immediately saw the value Verb's technology provides.

“We look forward to working with Verb to implement their innovative video sales software to enhance our customer reach and fan engagement and drive business in an ever-changing, technologically advancing world,” said Terry Kalna, Chief Revenue Officer of the Penguins.

“Verb is absolutely thrilled to partner with the five-time Stanley Cup Champion Pittsburgh Penguins to bring our interactive technology to the professional sports world,” said Rory J. Cutaia, CEO of VERB. “We have no doubt that this will prove to be one of many future sports entertainment partnerships for the Company and it speaks to the Penguins’ vision and innovative focus as the first to embrace the interactive sales space.”

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 available in over 60 countries and in more than 48 languages to large enterprise and small business sales teams that need affordable, easy-to-use, and quick-to-get-results sales tools. Available in both mobile and desktop versions, VERB's applications are offered as a fully integrated suite, as well as on a standalone basis, and include verbLIVE (an Interactive Livestream eCommerce and Shoppable Video and Webinar applications), verbCRM (a White-labelled Interactive Video-based Customer Relationship Management application), verbTEAMS (a Self On-boarding version of verbCRM with built-in verbLIVE and Salesforce synchronization for small businesses and solo entrepreneurs), verbLEARN (an Interactive video and gamified Learning Management System application), and verbMAIL (an interactive video mail solution integrated seamlessly into Microsoft Outlook). With 200 employees, the Company maintains offices in Newport Beach, California and American Fork, Utah. 

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; 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 recent partnership announcement by VERB?

VERB announced a partnership with the Pittsburgh Penguins to use its interactive video sales software for driving ticket and merchandise sales.

How does VERB's technology help the Pittsburgh Penguins?

VERB's interactive video sales software aims to enhance customer reach, fan engagement, and overall business performance for the Penguins.

What does this partnership mean for VERB's future plans?

The partnership with the Penguins is seen as a potential first step toward multiple collaborations with other sports franchises in the future.

What stock symbol is associated with VERB?

The stock symbol for VERB Technology Company is VERB and VERBW.

When was the partnership with the Pittsburgh Penguins announced?

The partnership was announced on October 11, 2021.