Venzee Previously Announced Partner Signs Distribution Integration Agreement
Already an Automated Content Distribution Option for more than 100,000 Global Manufacturers, this Integration Agreement Targets a High Growth European Market Segment.
VANCOUVER, Jan. 17, 2019 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company"), the most advanced platform for the distribution of consumer-relevant product information, is pleased to announce today the finalization of an integration agreement for the Venzee distribution platform with an existing product content management engine. This agreement is an enhancement to a relationship with an existing referral partner based in the European Market.
"Integrating to existing platforms with specific geographic and market segment strengths, dramatically accelerates Venzee's growth and allows brand manufacturers to immediately recognize digital supply chain efficiencies, optimize process, and delight their trading partners," stated John Abrams, Vice President for Partner Development. "We are pleased to continue our global partnership growth with the addition of an innovative platform with more than 1,000 existing manufacturers and retailers."
Launched in 2018, Venzee's Channel Partner Program was created to allow Content Management Platforms (PIM, DAM, and MDM platforms) to leverage Venzee's Mesh API to facilitate greater digital content efficiency for their clients - typically high-volume manufacturers, large retailers, and global distributors. Venzee provides its partners with a highly desirable, flexible, and efficient API-based content distribution platform. Venzee's workflow technology complements and extends functional utility without the "rip and replace" challenge of integrating other solutions with Content Management System (CMS), Enterprise Resource Planning (ERP), or other platforms common in complex organizations.
Venzee's intense focus on using modern technology to automate process and remove content distribution friction aligns with and supports the objective of providing "end-to-end" content availability made by traditional content management platforms serving the vast majority of enterprise-class manufacturers, retailers, and distributors.
Including this agreement, Venzee has four signed partners from our funnel of 34 partners in discussion to utilize our technology, of which nine more are in active negotiations.
The Company also announces that it has granted incentive stock options to certain of its directors, officers, and employees to purchase up to an aggregate of 3,350,000 common shares of the Company (the "Options"). The Options are exercisable for a period of five years, at a price of $0.10 per share, being just above the closing price of the Venzee common shares on the TSX Venture Exchange on January 15, 2018, the last trading prior to the date of grant. All Options were granted in accordance with the Company's stock option plan.
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