Venzee Continues to See Growing Enterprise Adoption

Venzee Technologies Inc. (TSXV:VENZ) (“Venzee” or the “Company”) is pleased to announce that the Interior Design agency, Avondale Decor LLC (“Avondale”), has selected Venzee to automate the process of adding and updating products to online retailers, adding to the growing list of enterprise customers adopting Venzee.

Avondale Decor’s use of Venzee’s software allows the Interior Design company to sell its products through a number of major brick and mortar stores as well as various online retailers including bellacor.com.

Robert Andris, Director of Business Development for Avondale Decor, commented, “Venzee has provided us with a great product syndication tool and gives our customers a sense of professionalism in regard to our product content management. I am thankful that we found Venzee and I am looking forward to the increasing opportunities that Venzee will help us take advantage of.”

On the news that Avondale will be using Venzee, Peter Mackay, CEO of Venzee, commented, “A company like Avondale Decor that sells through multiple online retailers will benefit greatly from our automatic approach to transforming product information. Venzee benefits from the network effect of suppliers using Venzee to update information to retailers, which opens up additional sales opportunities for Venzee to present its value proposition and onboard as clients.”

Venzee provides high value customized SaaS (software-as-a-service) solutions to mid-market and tier-1 enterprise clients around the world. Additionally, it accommodates the budgets of up and coming retailers hosted on platforms like Shopify, with pricing starting from US$49 per month.

About Avondale Decor

Avondale Decor uses high quality materials to deliver exceptional bath accessories and decorative hardware. With competitive pricing, the company offers products that range from 20%-40% less than comparable suppliers.

With products ranging from mirrors to glass shelving, Avondale Decor offers customers the freedom of selection, with up to 28 finishes to choose from and a large variety of decorative styles.

About Venzee

Venzee is a SaaS (software as a service) company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was achieved by using spreadsheets, which created a labor-intensive, error inducing process that delayed products from reaching the marketplace. Venzee’s technology streamlines product information management, allowing thousands of vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. To learn more about Venzee, visit https://venzee.com.

The Venzee technology is leveraged for the creation of the Company’s blockchain solution, Mesh. Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks with conventional databases. For more about Mesh, visit https://meshblockchain.com.

The Company graduated from notable start-up accelerator program 500 Startups and is already powering some of the biggest brands in the world.

Investor Relations
Caleb Jeffries
Investor Relations, Kin Communications Inc.
1-866-684-6730
VENZ@kincommunications.com

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the execution of the Company’s growth strategy. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors” in the Company’s filing statement dated December 12, 2017, which is available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Source: globenewswire.com