Venzee Technologies Enters into a Channel Partnership with Mobius Knowledge Services, a Leading Data Technology and Solutions Provider

Venzee Technologies Inc. (TSXV:VENZ) (“Venzee” or the “Company”), is pleased to announce that it has entered into a letter of intent (the “LOI”) with Mobius Knowledge Services Inc. (“Mobius”) to bring together Venzee’s data distribution capabilities with Mobius’ extensive data enhancement and enrichment services.

Mobius is a trusted data solutions provider to more than 50 Forbes 2000 companies, with reference clients including GAP, Inc., Amazon, and GM. Mobius delivers over 62 million records every month, across more than 30 data sets, combining 14 years of experience with over 1,000 data experts. Mobius’ technology-driven solutions, managed services, and unique managed crowdsourcing ecosystem are structured around delivering rich, accurate, and SEO-friendly (search engine optimization) product content by leveraging web data.

Peter Mackay, CEO of Venzee, commented, “Our growing relationship with Mobius highlights our Channel Partner strategy, one that allows us to connect with best-of-breed solution providers in the product content industry. Partnering with Mobius validates Venzee’s capabilities in data distribution and will allow vendors and retailers to remove costly manual labour from the product information development and exchange process.”

Karthik Karunakaran, CEO and co-founder at Mobius, commented, “By integrating Venzee’s content distribution capabilities with Mobius, we can provide omnichannel product content at a speed and accuracy that has been missing from a number of industry verticals where we have a strong presence. By leveraging Venzee’s technology across our customer relationships, we can meet the growing demand for real-time content distribution.”

John Abrams, Vice President of Business Development at Venzee, added, “Mobius is a trusted data resource for clients across a number of industry verticals. We are excited to combine Mobius’ domain expertise with Venzee’s distribution tools. Our partnership creates a one-stop shop for efficient product content solutions to satisfy retail and consumer demand for extensive omnichannel product content.”

Venzee and Mobius have entered into the LOI in respect of their partnership, the terms of which will be set out in a definitive agreement.

About Mobius Knowledge Services

Mobius entered the world of ecommerce and web research in 2002, and it’s been an exhilarating ride ever since. From our humble beginnings as a shared services and consulting company to becoming a trusted data solutions partner to 50+ Forbes 2000 companies, we’ve tried to stay true to our core values – delivering value and exceptional quality to our customers and subscribers, and making a difference to the community as a whole.

For more information on Mobius, please visit https://www.mobiusservices.com/

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 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.

On Behalf of the Board

Peter MacKay, CEO

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, the terms of the partnership between Venzee and Mobius and the entering into of a definitive agreement and the timeline for same, and the expected benefits of the partnership. 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