NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan 08, 2020 (GLOBE NEWSWIRE via COMTEX) — VERB Technology Company, Inc. VERB, -7.33% (“VERB” or the “Company”), a baton in business-focused alternate video CRM, marketing, and sales enablement SaaS applications, provided the afterward business amend from its CEO, Rory J. Cutaia.
“Transformational is how I would best call 2019 for VERB,” declared Rory J. Cutaia, VERB CEO. “Our aggregation accepted Jim Collins’ BHAG and ran with it. Here’s what we able in 2019:
— Listed on NASDAQ and rang the Opening Bell.
— Raised added than $20M in our April accepted banal attainable offering, and an added $5M in our August adopted offering.
— Retired all debt, with the barring of about $1M of abiding cabal non-convertible debt.
— Identified, adjourned and bankrupt an accretive $25M acquisition.
— Chip accumulated teams of added than 110 people, in abundant departments, above two states.
— Advertisement our appliance development and architecture teams.
— Advertisement our sales and chump success teams.
— Accumulated our technology with that of the aggregation we acquired, redesigned and re-architected our anew accumulated CRM and next-gen sales enablement belvedere with our alternate video technology, and launched it in the market.
— Launched a new business attack for the new platform, appliance our own technology, consistent in a accelerated access in sales and new applicant affairs able – up 396% in Q3 over Q2.
— Our app is now in use in over 60 countries and in added than 40 languages.
— Audience appear up to 1100% increases in about-face ante and up to 3300% increases in assimilation rates.
— In aloof the aboriginal 7 months from launch, we garnered added than 12,000 ratings on the Apple App Store and Google Play Store for our new VERB app, white-labelled for audience – 10,500 of which are 5-Star ratings – and 4.9 Stars overall.
— Broke a almanac for absolute users on the belvedere – which to date, we added to over 937,000 on our way to 1M – up over 100% back aftermost year.
— Developed and alien the world’s aboriginal alive advertisement alternate video webinar platform, ablution aboriginal 2020.
— Launched our LEARN artefact – allotment of our new LMS belvedere and accept several action audience that accept already active on.
— Launched our in-app sampling affection which has been a abundant acquirement driver. And we’re about to barrage in-app acquirement capabilities which will actualize an absolutely new acquirement beck from both new and absolute customers.
— Had patents issued and filed new apparent applications for some of the innovations we’ve developed, including our new alternate video webinar artefact – to accomplish abiding we appropriately assure our bookish property.
— Moved our California appointment from L A and opened our new address in Newport Beach CA.
— Launched a new redesigned website.
— Added 2 new lath members, 2 abnormally able women, Judith Hammerschmidt and Nancy Heinen. Judith started her career in The United States Department of Justice, area on account of the US govt she adjourned treaties and agreements with adopted governments. In clandestine convenance in Washington, DC, she represented all-around companies as they advertisement into awful adapted environments. Her applicant abject included: Guess?, Inc., Pfizer Inc., Merck & Co., Inc., and Herbalife International, Inc., whom she ultimately abutting as International Vice President and General Counsel of Europe and again Controlling Vice President and International Chief Counsel in 1996, area she was amenable for managing all acknowledged affairs above 60 countries.
— Nancy Heinen comes to us with added than 25 years’ acquaintance as a chief controlling in Silicon Valley, including Chief Vice President, and General Counsel of APPLE. Nancy was recruited by STEVE JOBS alone and spent 16 years as a key associate of his amount controlling aggregation while they angry about Apple’s computer business and launched the iPod, again iTunes, again iPhone, again iPad, again the Apple retail stores.”
— The adeptness and adequacy of our alternate video-based CRM belvedere will abide to boss the absolute sales sector, which is one that we apprehend will adore prolonged, all-embracing advance as bogus intelligence-based job displacement drives bodies about the apple to accompany careers in sales.
— We intend to aggrandize our attack into associate business with new audience to be appear as we see this beginning sales business archetypal acceptable the ascendant archetypal for amusing selling. Our appliance is altogether accumbent with this fast-growing sales abnormality and we apprehend that it will accomplish the blazon of absorbing after-effects our audience are currently experiencing in the absolute sales space.
— Simultaneously, we intend to abide our amplification into added business sectors, including, automotive sales, education, medical/pharmaceutical, CBD, absolute estate, amid added business sectors anniversary of which will account abundantly from our platform.
— We intend to barrage the world’s aboriginal alternate video webinar belvedere that will acquiesce anyone, affairs anything, the adeptness to host a alive advertisement in which they can advertise and authenticate their artefact and again accord all the webinar admirers the adeptness to bang on the awning and acquirement the articles in absolute time, appropriate in the video while their absorption akin is peaked.
— We intend to barrage a alternation of new appearance and functionality in our CRM belvedere that will acquiesce us to accomplish greater acquirement per user, not alone from new users but anon from our accepted 937,000 and growing user base. These appearance will accommodate in-app acquirement adequacy that our users can subscribe for anon through the app, for abaft the pay-wall, sales-driving, affordable appearance and functionality.
— We intend to assassinate on our absolute affiliation agreements with Salesforce and Microsoft, amid others, through the barrage of our anew advised and added amount alternate video sales enablement, lead-gen, and analytics/tracking/reporting appliance as an advancement affection aural Salesforce and Microsoft products, offered on a acquirement allotment basis, to their corresponding accepted and approaching audience and customers.
— We intend to advertise new absolute sales back-end software provider partnerships, pursuant to which these ally will action their accepted and approaching audience a deeply integrated, added band-aid accumulation their back-end appliance that advance associate rep sales, payments and genealogy, amid added things, with our CRM and sales enablement adaptable application.
— We intend to barrage a long-planned approach sales initiative, creating an absolutely new acquirement beck through an continued alfresco network. We apprehend this to add abundant advantage to our sales and acquirement beck in 2020 and beyond.
We abide focused on creating and carrying long-term, abiding actor value, based on strong, basal business fundamentals, accomplished through best-of-class, innovative, SaaS-based sales applications for the new amusing abridgement that aftermath assessable after-effects for our always growing, annoyed applicant base.”
VERB Technology Company, Inc. VERB, -7.33% is rapidly arising as the bazaar baton in alternate video-based chump accord administration (“CRM”) sales and business applications. With offices in California and Utah, VERB provides next-generation CRM advance generation, sales enablement, and video business software applications to sales-based organizations in 60 countries and in 48 languages. The Company’s proprietary and patent-pending technology belvedere produces real-time, assessable after-effects with some barter advertisement greater than 600% increases in about-face rates. The Company’s software-as-a-service (SaaS) articles are cloud-based, attainable on all adaptable and desktop devices, and are accessible by cable for alone and action users. The Company’s technology is chip into accepted ERP, CRM, and business platforms, including Oracle NetSuite, Adobe Marketo, and integrations into Salesforce.com, Odoo, and Microsoft, amid others that are underway. For added information, amuse visit: verb.tech.
Forward-Looking and Cautionary Statements
This columnist absolution may accommodate “forward-looking” advice aural the acceptation of the Clandestine Securities Litigation Reform Act of 1995. In accordance with the safe anchorage accoutrement of this Act, statements independent herein that attending advanced in time that accommodate aggregate added than absolute information, absorb risks and uncertainties that may affect the Company’s absolute results. There can be no affirmation that such statements will prove to be authentic and there are a cardinal of important factors that could account absolute after-effects to alter materially from those bidding in any advanced statements fabricated by the Company, including, but not bound to, affairs and objectives of administration for approaching operations or products, the bazaar accepting or approaching success of our products, and our approaching banking performance. The Aggregation cautions that these advanced statements are added able by added factors including, but not bound to, those set alternating in the Company’s Annual Report on Form 10-K for the budgetary year concluded December 31, 2018, and added filings with the U. S. Securities and Exchange Commission (available at www.sec.gov). The Aggregation undertakes no obligation to about amend or alter any statements in this release, whether as a aftereffect of new information, approaching events, or otherwise.
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