Venzee Expands Retail Engagement Attracting Expert Strategic Supply Chain Talent

 Venzee Technologies Inc. (TSXV:VENZ) (“Venzee” or the “Company”) has announced the addition of Daniel Wilkinson to its board of directors in support of Venzee’s strategic growth goals and expansion of its global retailer integrations.

Previously Mr. Wilkinson served as Chief Commercial Officer at content distribution giant 1WorldSync. For nearly two decades, Mr. Wilkinson drove 1WorldSync into new markets and industry verticals and became the dominant solution provider in grocery, consumer packaged goods (CPG), and non-regulated medical products.

Earlier this year, 1WorldSync was acquired by Battery Ventures for an undisclosed sum.

According to Venzee CEO John Abrams, “Better than anyone else, Dan understands the consumer-driven changes underway in retail trade today. His intellect, vision, and strategic bias has helped suppliers, brands, manufacturers, and retailers unlock operational efficiency on a global scale. Dan’s industry knowledge – coupled with Venzee’s advanced tech – will undoubtedly lead to accelerated growth for Venzee and more rapid retail market transformation.”

Venzee is a retail trade platform that allows suppliers to integrate with retailers and other trade partners globally. Venzee’s simplified and intelligent “machine-to-machine” integration helps suppliers and retailers remove supply chain friction and deepen consumer relationships based on accurate, relevant, and engaging product information delivered in real-time.

Mr. Wilkinson said, “I am excited to join the Venzee team. Venzee’s modern technology platform allows brands and retailers to remain consumer-relevant in a disruptive consumer-driven age. As consumers, we continue to demand more efficient commerce. That core consumer demand drives retail trade participants to embrace intelligent, modern, and globally accessible platforms. In my view, Venzee is in the vanguard of those solutions able to satisfy retail trade needs today.”

The Venzee platform is built on an advanced, cloud-based architecture. By leading with a modern, application programming interface (API) integration approach, Venzee reduces technical challenges for both suppliers and retailers, allowing for supply chain improvement without significant technical investment.

About Venzee
Venzee is an intelligent content distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerates revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client’s desired level of sophistication and automation.

Venzee operates as a Software as a Service (SaaS) platform, allowing flexibility for enterprise customers of all sizes wishing to improve their digital supply chain solutions. To learn more about Venzee, visit https://venzee.com/

On Behalf of the Board,
John Abrams, President and CEO
john@venzee.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 expected use of the net proceeds received by the Company. 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 and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2018 and the quarter ended August 29, 2019, which are 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-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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