VERB Ranked #1 By Leading Industry Publication Social Selling News

Rhea-AI Summary

VERB Technology Company (Nasdaq: VERB) announced its rank as the top direct selling app by Social Selling News, based on clients invoiced over the last 12 months. The company's sales enablement platform, verbCRM, supports direct selling through enhanced content sharing, engagement tracking, and training capabilities. The President of Direct Sales, McKinley Oswald, emphasized the team's dedication to improving client value. The company continues to expand its software offerings and reach, serving clients in over 100 countries.

Positive

• Ranked number one direct selling app by Social Selling News based on invoiced clients.
• verbCRM enhances sales capabilities for direct sellers, increasing revenue and retention.

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• None.

VERB's sales enablement platform takes the top spot

NEWPORT BEACH, Calif., May 17, 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, is honored to announce its most recent number one ranking. Each month, Social Selling News releases "The Ranks," a list of companies and people important to the direct selling channel. Its most recent ranking, "Companies that Provide Apps," selects VERB as the number one direct selling app ranked by the number of clients invoiced over the last 12 months.

"This ranking is truly a testament to the hard work that the verbCRM team puts in daily to earn the trust of our many clients," states McKinley Oswald, VERB's President of Direct Sales. "At VERB, we work tirelessly to create the best sales enablement tools on the market. As evidenced by the number of clients currently deriving value from the platform, our efforts have paid off. We continue to learn from our clients and evolve daily to provide the most robust and effective sales enablement platform to support the direct selling industry."

verbCRM is a sales enablement platform that allows direct selling companies to support the sales field and multiply conversion rates effectively. Sellers can increase revenue and retention by sharing content, tracking contact engagement, sharing samples, and utilizing automatic follow-up efforts. The platform also allows direct sellers to offer training and education to the field.

To learn more about verbCRM, visit https://www.verb.tech/direct-sales.

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 100 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 170 employees and contractors, the Company is headquartered in Lehi, Utah, and it also maintains offices in Newport Beach, California.

Follow VERB here:
VERB on Facebook: https://www.facebook.com/VerbTechCo/
VERB on Twitter: https://twitter.com/VerbTech_Co
VERB on LinkedIn: https://www.linkedin.com/company/verb-tech/
VERB on YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

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:
Harper Beckham
404.214.0722 x127
hbeckham@trevelinokeller.com

FAQ

What is the recent ranking achieved by VERB Technology Company?

VERB Technology Company was ranked number one direct selling app by Social Selling News.

What is verbCRM?

verbCRM is a sales enablement platform designed for direct selling companies to enhance sales processes.

When was the press release regarding VERB's ranking published?

The press release was published on May 17, 2022.

What does the ranking by Social Selling News signify for VERB?

The ranking signifies VERB's leadership in the direct selling market based on client invoicing.

Which companies does VERB serve?

VERB serves a diverse client base, including large enterprises and small business sales teams in over 100 countries.