NEWPORT BEACH, Calif. and SALT LAKE CITY, Feb. 08, 2021 (GLOBE NEWSWIRE) — VERB Expertise Firm, Inc. (NASDAQ: VERB) (“VERB” or the “Firm”), a frontrunner in interactive video-based gross sales enablement functions, together with interactive livestream ecommerce, webinar, CRM and advertising and marketing functions for entrepreneurs and enterprises, at this time recapped profitable shows at two digital occasions final week. Rory J. Cutaia, CEO of VERB, offered its gross sales enablement software-as-a-service platform at VirtualInvestorConferences.com, a stay, interactive on-line occasion. The February 4 presentation is now accessible as an archived webcast here. Moreover, Mr. Cutaia had a full day’s schedule of one-on-one conferences with institutional traders at A.G.P.’s Digital Rising Development Expertise Convention.
At these occasions, Mr. Cutaia mentioned the quickly altering shopper habits and on-line purchasing traits. Particularly, he cited the ecommerce transformation in China, which is main the world within the adoption of livestream purchasing. On Singles Day (or “Double 11”) in 2019, the most important annual purchasing competition in China held on November 11, main social media influencer Li Jiaqi generated over $145 million in sales by livestreaming and spending solely 5 minutes on every product. In 2020, Li Jiaqi and Viya, one other prime livestream influencer, kicked off the competition at midnight on October 21 and collectively generated $1.2 billion in gross sales for that night alone. One other gross sales window came about from November 1 to three, with the primary occasion on November 11. From November 1 to November 11, ecommerce giants Alibaba and JD.com additionally reported combined sales of approximately $115 billion through the occasion.
Mr. Cutaia highlighted that the U.S. is primed for the same livestreaming gross sales explosion, and that VERB’s gross sales enablement platform positions the Firm to capitalize on this progress, because it gives the distinctive know-how and infrastructure for each enterprises and people to conduct livestreamed promoting occasions. verbLIVE, a strong and easy-to-use livestream ecommerce software, permits viewers to straight have interaction with retailers through the session via clickable in-video icons to purchase, obtain extra product info, arrange appointments, and different customizable interactive options. The app creates a friction-free, video-based setting to extend buyer engagement and drive gross sales conversion charges, whereas providing real-time viewer interplay analytics.
“Throughout final week’s conferences, I’m actually excited to see the constructive investor and viewers response to our options platform and the favorable traits supporting trade progress,” stated Mr. Cutaia. “Our functions are perfect instruments for livestreamed direct promoting, which we anticipate will develop in reputation, pushed by the pandemic. We’re additionally seeing social media influencers more and more play a task on this transformation, as their hundreds of thousands of followers type a direct viewers for an occasion. With the ability to create engagement, and never simply monitor it, units the VERB platform other than different gross sales instruments. Wanting forward, we’re seeing clear indicators for the quickly rising convergence of leisure and ecommerce, suppose “shoppable leisure,” and we intend to use our know-how to usher on this new paradigm shift. It ought to be an thrilling yr for ourselves and our shareholders.”
About VERB
VERB Expertise Firm, Inc. (Nasdaq: VERB) transforms how companies appeal to and have interaction clients. The Firm’s Software program-as-a-Service, or SaaS, platform relies on its proprietary interactive video know-how, and includes a set of gross sales enablement enterprise software program merchandise supplied on a subscription foundation. Its software program functions can be found in over 60 international locations and in additional than 48 languages to giant enterprise and small enterprise gross sales groups that want inexpensive, easy-to-use, and quick-to-get-results gross sales instruments. Out there in each cell and desktop variations, the functions are supplied as a totally built-in suite, in addition to on a standalone foundation, and embrace verbCRM (Buyer Relationship Administration software), verbLIVE (Interactive Livestream eCommerce and Video Webinar software), verbTEAMS (a Self On-boarding model of verbCRM with built-in verbLIVE and Salesforce synchronization for small companies and solo entrepreneurs), and verbLEARN (Studying Administration System software). The Firm has places of work in California and Utah. For extra info, please go to: www.verb.tech.
FORWARD LOOKING STATEMENTS
This press launch incorporates forward-looking statements that contain dangers and uncertainties, together with statements concerning the closing of the providing of frequent inventory. These forward-looking statements contain dangers and uncertainties. If any of those dangers or uncertainties materialize, or if any of our assumptions show incorrect, our precise outcomes may differ materially from the outcomes expressed or implied by these forward-looking statements. These dangers and uncertainties embrace dangers related to: the COVID-19 pandemic and associated public well being measures on our enterprise, clients, markets and the worldwide economic system; our plans to draw new clients, retain current clients and enhance our annual income; the event and supply of latest merchandise, together with verbLIVE; our plans and expectations relating to software-as-a-service choices; our skill to execute on, combine, and notice the advantages of any acquisitions; fluctuations in our quarterly outcomes of operations and different working measures; growing competitors; normal financial, market and enterprise circumstances; and the dangers described within the filings that we make with the Securities and Trade Fee (“SEC”) sometimes, together with the dangers described below the headings “Danger Elements” and “Administration Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in our Annual Report on Kind 10-Ok, which was filed with the SEC on Might 14, 2020, as amended by Modification No. 1 on Kind 10-Ok/A to our Annual Report on Kind 10-Ok, which was filed with the SEC on June 4, 2020, and which ought to be learn together with our monetary outcomes and forward-looking statements contained therein, and our Quarterly Report on Kind 10-Q for the quarter ended September 30, 2020, which was filed with the SEC on November 16, 2020, which ought to be learn together with our monetary outcomes and forward-looking statements contained therein. All forward-looking statements on this press launch are primarily based on info accessible to us as of the date hereof, and we don’t assume any obligation to replace the forward-looking statements offered to mirror occasions that happen or circumstances that exist after the date on which they have been made, besides as required by legislation.
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