Venzee Technologies to Present at LD Micro Invitational

Rhea-AI Summary

Venzee Technologies will present at the LD Micro Invitational XI on June 9, 2021, at 11:30 AM ET. CEO John Sexton Abrams will discuss the innovative Mesh Connector™ product, which enhances digital supply chains for consumer brands. In Q1 2021, Venzee sold 675 Mesh Connectors™, a tenfold increase from 2020, and reported $8,000 in monthly recurring revenue, targeting $195,000 by year-end. The event, running from June 8-10, 2021, showcases innovative companies and offers insights into marketplace transformations.

Venzee invited to share company value proposition at virtual investor conference

CHICAGO, June 4, 2021 /PRNewswire/ - Venzee Technologies Inc. (TSX-V: VENZ) (OTCQB: VENZF) ("Venzee" or the "Company"), a "smart tech" Software as a Service (SaaS) platform, used by consumer brands to move critical, consumer-facing product information to any global retailer, announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Wednesday, June 9, 2021 at 11:30 AM ET.

John Sexton Abrams, CEO of Venzee Technologies, will discuss how Venzee's revolutionary Mesh Connector™ product is disrupting the digital supply chain space and driving digital transformation of consumer brands, manufacturers, and retailers.

"The LD Micro event is well known for showcasing the best and most innovative new companies in the market. I am honored to have the opportunity to share how the Venzee platform is leading supply chain's digital transformation value for brands, retailers and investors," said Mr. Abrams.

During the first quarter, which Venzee reported on May 31, 2021, the Company noted that it had sold 675 Mesh Connectors™ by the end of the quarter, a tenfold increase from the 65 Mesh Connectors™ sold by the end of 2020. The Company also reported $8,000 in monthly recurring revenue from Mesh Connectors™ sales with plans to reach over USD $195,000 in monthly recurring revenue from Mesh Connectors™ by the end of 2021.

Event: Venzee Technologies Inc. Presentation at the LD Micro Invitational XI
Presenter: John Sexton Abrams, CEO of Venzee Technologies
Date: Wednesday, June 9, 2021
Time: 11:30 AM ET (8:30 AM PT)

Register to watch the presentation here.

The LD Micro Invitational XI Event is a three-day virtual investor conference expected to feature around 180 companies, presenting for 25 minutes each, as well as several influential keynotes. The 2021 LD Micro Invitational will be held on the Sequire Virtual Events platform on Tuesday, June 8th - Thursday, June 10th, 2021.

About Venzee Technologies, Inc.

Venzee (TSX-V VENZ, OTCQB: VENZF) is a disruptive, smart technology Software as a Service (SaaS) platform that provides infinite scale for consumer brands to send product data to all of their retailers. Venzee's intelligent platform is used by Global Brands to speed products to market and create competitive supply chain advantages. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost, intelligent platform solution.

Venzee believes intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. Venzee is building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.

Venzee's mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.

To learn more about the Venzee platform, visit venzee.com

Twitter: @usevenzee 
LinkedIn: https://www.linkedin.com/company/venzee-inc/
Podcast: https://www.venzee.com/resources/podcast

On Behalf of the Board,

Annie Dysart
Marketing Specialist
Venzee Technologies, Inc.
annie@venzee.com
888-359-8110

Investor Relations
Kin Communications, Inc.
venz@kincommunications.com
604-684-6730

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 terms of the Offering, the completion of the Offering and 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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SOURCE Venzee Technologies Inc.

FAQ

When is Venzee Technologies presenting at the LD Micro Invitational XI?

Venzee Technologies will present on June 9, 2021, at 11:30 AM ET.

What is the Mesh Connector™ by Venzee?

The Mesh Connector™ is a product designed to enhance digital supply chains for consumer brands, allowing seamless data flow.

What revenue did Venzee Technologies report for Q1 2021?

Venzee reported $8,000 in monthly recurring revenue from Mesh Connectors™ sales.

What is Venzee's revenue target for the end of 2021?

Venzee aims to reach over $195,000 in monthly recurring revenue by the end of 2021.

How many Mesh Connectors™ did Venzee sell by the end of Q1 2021?

Venzee sold 675 Mesh Connectors™ by the end of Q1 2021, a tenfold increase from the end of 2020.

What is the purpose of the LD Micro Invitational XI?

The LD Micro Invitational XI is a virtual investor conference showcasing innovative companies and their market insights.