VERB Adds Market America | SHOP.COM to Growing Roster of Clients
October 15 2020 - 9:00AM
VERB Technology Company,
Inc. (NASDAQ: VERB) ("VERB"
or the "Company"), a leader in interactive video-based
sales enablement applications, including interactive livestream
ecommerce, webinar, CRM and marketing applications for
entrepreneurs and enterprises, today announced that Market
America, a global product brokerage and internet marketing company
that specializes in one-to-one marketing, has begun adoption of
verbCRM, VERB’s interactive video-based customer relationship
management and sales enablement platform, for its global network of
entrepreneurs or distributors. Market America’s primary shopping
website, SHOP.COM, provides consumers access to approximately 300
million products, including Market America’s exclusive brands and
thousands of top retail brands.
Market America launched the verbCRM sales enablement platform at
its annual Market America|SHOP.COM International Convention in
September 2020, a three-day annual event attended by a virtual
audience of tens of thousands of global independent distributors.
We believe that verbCRM will enable Market America’s distributors
to effectively engage customers by easily sharing product
information and interactive video content directly with customers
and through social media, adding the capability for sampling, and
transforming the selling process into an interactive experience
that allows distributors to monitor and act upon customer
engagement. The verbCRM app was launched with a sampling feature
using one of Market America’s best-selling products, the Isotonix®
Daily Essentials Packets.
Through its UnFranchise® Business model, Market America allows
its distributors (known as “UnFranchise® Owners”) to benefit from
systemization, standardization, state-of-the-art management
systems, merchandising and marketing tools, and growing visibility,
with no franchise fees, minimal startup fees, no large monthly
overhead and no territorial restrictions. We believe that verbCRM
will serve as a selling resource to empower UnFranchise® Owners in
acquiring new customers and strengthening relationships with
existing ones.
“We are thrilled to add Market America to our growing roster of
clients,” said Nick Hoggan, Chief Revenue Officer of VERB. “This
also presents a significant opportunity to increase our user base
and SaaS revenue by offering verbLIVE, our interactive video-based
livestream ecommerce and webinar product, to their UnFranchise®
Owners. We believe that Market America’s UnFranchise® Owners will
benefit greatly from our video-based sales tools and viewer
engagement analytics - especially in this period of COVID-related
social distancing. Adoption and deployment of verbLIVE is quick and
easy for clients already on the verbCRM platform.”
Marc Ashley, President and Chief Operating Officer of Market
America Worldwide, said, “We are very excited about our partnership
with VERB and using the verbCRM app for our thousands of
independent distributors worldwide. We are planning to roll out the
platform in Southeast Asia over the coming months. Trial-size
marketing is an essential aspect of our customer acquisition model,
and we believe VERB’s technology will support our distributors in
growing sales for many of our product verticals and brands. We also
look forward to evaluating how to leverage other VERB offerings,
verbLIVE and verbLEARN, in further strengthening the selling
capabilities and enhancing training of our distributors.”
About VERB VERB Technology Company, Inc.
(Nasdaq: VERB) transforms how businesses attract and engage
customers. The Company’s Software-as-a-Service, or SaaS, platform
is based on its proprietary interactive video technology, and
comprises a suite of sales enablement business software products
offered on a subscription basis. Its software applications are
available in over 60 countries and in more than 48 languages to
large enterprise and small business sales teams that need
affordable, easy-to-use, and quick-to-get-results sales tools.
Available in both mobile and desktop versions, the applications are
offered as a fully integrated suite, as well as on a standalone
basis, and include verbCRM (Customer Relationship Management
application), verbLEARN (Learning Management System application),
and verbLIVE (Interactive Livestream eCommerce and Video Webinar
application). The Company has offices in California and Utah. For
more information, please visit: www.verb.tech.
FORWARD-LOOKING
STATEMENTSThis press release contains
forward-looking statements that involve risks and uncertainties,
including statements regarding our belief that verbCRM will enable
Market America’s distributors to effectively engage customers by
easily sharing product information and interactive video content
directly with customers and through social media; our belief that
verbCRM will serve as a selling resource to empower UnFranchise®
Owners in acquiring new customers and strengthening relationships
with existing ones; the significant opportunity to increase our
user base and SaaS revenue by offering verbLIVE to Market America’s
UnFranchise® Owners; our expectation that Market America’s
UnFranchise® Owners will benefit greatly from our video-based sales
tools and viewer engagement analytics; Market America’s plan to
roll out the platform in Southeast Asia over the coming months;
Market America’s belief that VERB’s technology will support its
distributors in growing sales for many of its product verticals and
brands; and Market America’s expectation to evaluate how to
leverage other VERB offerings, verbLIVE and verbLEARN, in further
strengthening the selling capabilities and enhancing training of
its distributors . These forward-looking statements involve risks
and uncertainties. If any of these risks or uncertainties
materialize, or if any of our assumptions prove incorrect, our
actual results could differ materially from the results expressed
or implied by these forward-looking statements. These risks and
uncertainties include risks associated with: the COVID-19 pandemic
and related public health measures on our business, customers,
markets and the worldwide economy; our ability to successfully
integrate SoloFire’s operations with our current operations; our
plans to attract new customers, retain existing customers and
increase our annual revenue; the development and delivery of new
products, including verbLIVE; our plans and expectations regarding
software-as-a-service offerings; our ability to execute on,
integrate, and realize the benefits of any acquisitions;
fluctuations in our quarterly results of operations and other
operating measures; increasing competition; general economic,
market and business conditions; and the risks described in the
filings that we make with the Securities and Exchange Commission
(“SEC”) from time to time, including the risks described under the
headings “Risk Factors” and “Management Discussion and Analysis of
Financial Condition and Results of Operations” in our Annual Report
on Form 10-K, which was filed with the SEC on May 14, 2020, as
amended by Amendment No. 1 on Form 10-K/A to our Annual Report on
Form 10-K, which was filed with the SEC on June 4, 2020, and which
should be read in conjunction with our financial results and
forward-looking statements contained therein, and our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2020, which was
filed with the SEC on August 14, 2020, and which should be read in
conjunction with our financial results and forward-looking
statements contained therein. All forward-looking statements in
this press release are based on information available to us as of
the date hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by law.
Investor Relations
Contact:888.504.9929investors@verb.techMedia
Contact:855.250.2300,
ext.107info@verb.tech
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