VERB Showcased Upcoming Multivendor Livestream Shopping Platform “Market” at Recent Sidoti Virtual Conference Presentation
Verb Technology Company (Nasdaq: VERB) has announced new developments regarding Market, its innovative 24/7 multivendor interactive livestream shopping platform, during the Sidoti Virtual Microcap Conference. This platform aims to revolutionize online shopping by allowing numerous brands, stores, and influencers to host simultaneous livestream sessions. CEO Rory Cutaia expressed excitement over the soft launch planned for this month, with broader launch events set for February 2022. Market is expected to create significant value for the company and its shareholders.
- Launch of the innovative 24/7 multivendor interactive livestream shopping platform, Market.
- CEO's positive outlook on Market as a potential significant value creator for the company and shareholders.
- Ability for various brands, boutiques, and influencers to reach a broader audience through simultaneous livestream sessions.
- Implementation risks associated with the launch of a new platform in a competitive ecommerce space.
- Uncertainties regarding market acceptance and customer adoption of the Market platform.
The always-on, 24/7, global, multivendor livestream shopping platform is designed to host scores of simultaneous live sessions for vendors across numerous product categories
NEWPORT BEACH, Calif. and SALT LAKE CITY, Dec. 14, 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 enterprises and entrepreneurs, recently provided new details and unveiled its product video on Market, VERB’s new social shopping livestream platform, at the Sidoti Virtual Microcap Conference on Dec. 8, 2021.
VERB CEO Rory J. Cutaia showcased Market, VERB’s new 24/7 multivendor interactive, livestream shopping platform that is designed to host scores of simultaneous livestream shopping sessions by consumer brands, big-box stores, boutiques, celebrities, and influencers selling products and services across numerous categories. The Market product video can be viewed here.
“We are thrilled about the upcoming release of Market, our new social shopping livestream platform,” said Mr. Cutaia. “As the first of its kind, Market is a centralized livestream ecommerce platform for vendors of all kinds and sizes from all over the world. Market provides a truly differentiated fun, highly immersive, social shopping experience. With a follow-me-style unified shopping cart that follows viewers as they jump from livestream to livestream, Market is ushering in the new era of online ecommerce, offering retailers large and small, luxury and consumer brands, and big box stores a new distribution outlet, reaching more new customers than most current online shopping outlets can provide. Market is designed to attract a global audience, providing vendors from all over the world an always-on, 24/7 sales platform that addresses the needs, wants, and desires of a new breed of online shopper who views shopping as another form of entertainment. This new breed of shopper, impacted by the pandemic, is no longer interested in looking at static images and reading online reviews. This is the market our new platform addresses head-on. A soft launch of Market is planned for this month, with a series of pre-launch events in the works for January and a broader launch planned for February 2022. We expect Market to be a significant value creator for our Company and our shareholders.”
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.
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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.
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