NEWPORT Beach, Calif. and SALT LAKE City, Feb. 08, 2021 (World NEWSWIRE) — VERB Technology Corporation, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), a leader in interactive video-based mostly revenue enablement apps, including interactive livestream ecommerce, webinar, CRM and advertising and marketing apps for entrepreneurs and enterprises, these days recapped successful shows at two virtual occasions previous week. Rory J. Cutaia, CEO of VERB, offered its profits enablement software-as-a-company platform at VirtualInvestorConferences.com, a are living, interactive on the web function. The February 4 presentation is now offered as an archived webcast below. Additionally, Mr. Cutaia experienced a whole day’s program of 1-on-1 conferences with institutional investors at A.G.P.’s Digital Rising Expansion Technologies Convention.
At these activities, Mr. Cutaia discussed the fast transforming customer habits and on-line browsing trends. Specifically, he cited the ecommerce transformation in China, which is primary the world in the adoption of livestream searching. On Singles Day (or “Double 11”) in 2019, the greatest annual purchasing competition in China held on November 11, main social media influencer Li Jiaqi produced in excess of $145 million in product sales by livestreaming and shelling out only 5 minutes on every product or service. In 2020, Li Jiaqi and Viya, yet another top rated livestream influencer, kicked off the festival at midnight on Oct 21 and jointly produced $1.2 billion in income for that evening by itself. A different sales window took place from November 1 to 3, with the key celebration on November 11. From November 1 to November 11, ecommerce giants Alibaba and JD.com also reported combined product sales of approximately $115 billion throughout the celebration.
Mr. Cutaia highlighted that the U.S. is primed for a identical livestreaming sales explosion, and that VERB’s product sales enablement platform positions the Corporation to capitalize on this progress, as it provides the one of a kind know-how and infrastructure for equally enterprises and individuals to conduct livestreamed offering events. verbLIVE, a strong and simple-to-use livestream ecommerce software, lets viewers to instantly interact with shops in the course of the session by clickable in-online video icons to acquire, acquire supplemental product information and facts, established up appointments, and other customizable interactive features. The app results in a friction-cost-free, video-based mostly placing to raise shopper engagement and generate gross sales conversion rates, while giving true-time viewer conversation analytics.
“During very last week’s conferences, I am truly excited to see the positive investor and audience response to our remedies platform and the favorable developments supporting field advancement,” said Mr. Cutaia. “Our applications are best resources for livestreamed direct offering, which we hope will develop in level of popularity, pushed by the pandemic. We are also seeing social media influencers more and more perform a job in this transformation, as their thousands and thousands of followers kind an rapid viewers for an event. Getting in a position to build engagement, and not just track it, sets the VERB platform apart from other product sales applications. On the lookout ahead, we’re looking at apparent signals for the quickly emerging convergence of amusement and ecommerce, think “shoppable leisure,” and we intend to utilize our technologies to usher in this new paradigm change. It need to be an enjoyable year for ourselves and our shareholders.”
VERB Technological innovation Organization, Inc. (Nasdaq: VERB) transforms how companies catch the attention of and engage shoppers. The Company’s Software-as-a-Provider, or SaaS, platform is based on its proprietary interactive online video technological innovation, and contains a suite of sales enablement organization application solutions supplied on a subscription foundation. Its software program apps are out there in more than 60 nations and in a lot more than 48 languages to significant company and tiny business enterprise profits teams that need very affordable, uncomplicated-to-use, and swift-to-get-outcomes income instruments. Obtainable in both equally mobile and desktop versions, the programs are provided as a thoroughly built-in suite, as properly as on a standalone foundation, and contain verbCRM (Shopper Relationship Administration application), verbLIVE (Interactive Livestream eCommerce and Online video Webinar software), verbTEAMS (a Self On-boarding edition of verbCRM with designed-in verbLIVE and Salesforce synchronization for small businesses and solo business people), and verbLEARN (Learning Administration Method application). The Firm has offices in California and Utah. For extra information and facts, make sure you take a look at: www.verb.tech.
Forward Hunting STATEMENTS
This press launch has ahead-on the lookout statements that involve hazards and uncertainties, which includes statements about the closing of the offering of widespread stock. These forward-wanting statements include challenges and uncertainties. If any of these challenges or uncertainties materialize, or if any of our assumptions demonstrate incorrect, our genuine success could vary materially from the success expressed or implied by these ahead-on the lookout statements. These threats and uncertainties consist of dangers connected with: the COVID-19 pandemic and related general public health and fitness measures on our business enterprise, clients, markets and the all over the world overall economy our strategies to attract new consumers, retain current consumers and enhance our once-a-year profits the growth and delivery of new solutions, like verbLIVE our options and expectations with regards to computer software-as-a-service choices our capability to execute on, integrate, and comprehend the advantages of any acquisitions fluctuations in our quarterly final results of operations and other functioning measures expanding levels of competition common economic, marketplace and business disorders and the hazards described in the filings that we make with the Securities and Exchange Commission (“SEC”) from time to time, like the pitfalls described below the headings “Risk Factors” and “Management Discussion and Evaluation of Monetary Condition and Benefits of Operations” in our Once-a-year Report on Variety 10-K, which was filed with the SEC on May possibly 14, 2020, as amended by Amendment No. 1 on Type 10-K/A to our Yearly Report on Variety 10-K, which was filed with the SEC on June 4, 2020, and which should be read in conjunction with our financial final results and ahead-hunting statements contained therein, and our Quarterly Report on Kind 10-Q for the quarter ended September 30, 2020, which was submitted with the SEC on November 16, 2020, which must be read through in conjunction with our fiscal results and ahead-looking statements contained therein. All forward-looking statements in this press launch are primarily based on data out there to us as of the day hereof, and we do not assume any obligation to update the ahead-searching statements provided to mirror situations that arise or situations that exist immediately after the date on which they ended up produced, besides as expected by legislation.
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