VANCOUVER, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) — Venzee Technologies Inc. (TSX-V:VENZ) (“Venzee” or the “Company”) is admiring advertise it has alien a pay-per SKU acquiescence based acquirement archetypal accouterment Small and Medium Sized Businesses (“SMB’s) with added adjustable appraisement solutions for its entry-level artefact agreeable administration products
As retailers assignment to aggrandize artefact alternative with “drop ship”, “endless aisle”, and added consumer-relevant advance strategies, Venzee is abnormally positioned to amuse these high-growth retail initiatives with artefact agreeable delivered calmly from a ample ambit of Brands, Growers, Makers, and Artisans. Venzee’s administration articles acquiesce every retail supplier – behindhand of admeasurement – to admission adult agreeable administration workflow tools. Venzee’s new Pay Per SKU appraisement archetypal supports and furthers our address to the widest ambit of all-around suppliers.
The archetypal is pre-paid by admirers and based on a per-SKU, per-upload, per-retailer fee. For example, if a applicant has 100 SKU’s and submits 2 times per year to 5 retailers, the applicant will charge to pre-pay for 1,000 SKU submissions. The Pay-Per-SKU fee scales starting at 50 submissions for low acceptance and up to 100,000 submissions for beyond companies.
According to Goodmasters Research, Inc., a all-around retail assay agency, 25 account per SKU per year is spent on chiral account abstracts assignment which would booty alone 4 account with automated synchronization. In added words, about 25 man months per 10,000 SKU submissions.
According to Scrapehero.com Amazon has 562,382,292 articles online as of January 2018, abounding of which do not accommodate with PIM systems to upload their artefact content. Venzee’s Pay-Per-SKU-Submission archetypal was structured based from the acknowledgment of its targeted clients, aperture a beyond addressable bazaar capturing SMB’s that upload their SKUs one or two times per year, but still appetite the allowances of automating the action with an absolute ROI.
Peter Mackay, President and CEO states, “While this is still aboriginal stage, we are encouraged by the results. We accept already bankrupt several deals back the barrage of this appraisement model, breeding added chump deposits than all of Q1 and Q2 combined. It is assessable account back compared to the man hours it takes to accomplish these SKU submissions manually. With millions of SKU’s in the apple attractive to ensure relevant, authentic real-time agreeable information, we are targeting an astronomic addressable market.”
To apprentice added about Venzee, visit https://venzee.com.
On Behalf of the Board, Peter Mackay, President and [email protected]
Investor RelationsArlen HansenInvestor Relations, Kin Communications [email protected]
Venzee is a abstracts transformation belvedere that can seamlessly accommodate the world’s better retailers with their suppliers, bringing articles to bazaar faster than anytime before. Our API replaces chiral abstracts entry, consistent in a agenda accumulation alternation that increases margins and accelerates revenue. Venzee is leveraging its technology to accomplice with accustomed accumulation alternation leaders to bear a absolute time band-aid to a all-around audience.
Venzee operates as a Software as a Account (SaaS), acceptance adaptability for action barter of all sizes adulatory to advance their agenda accumulation alternation solutions. To apprentice added about Venzee, appointment https://venzee.com/.
Investor RelationsCaleb JeffriesInvestor Relations, Kin Communications [email protected]
This columnist absolution contains “forward-looking information” aural the acceptation of applicative Canadian balance legislation. Advanced advice includes, but is not bound to, statements with account to the beheading of the Company’s advance strategy. Generally, advanced advice can be articular by the use of advanced analogue 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 accompaniment that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Advanced advice is accountable to accepted and alien risks, uncertainties and added factors that may account the absolute results, akin of activity, achievement or achievements of the Company to be materially altered from those bidding or adumbrated by such advanced information, including but not bound to: accepted business, economic, competitive, geopolitical and amusing uncertainties; and authoritative risks. Additional advice about these assumptions and risks and uncertainties is independent beneath “Risk Factors and Uncertainties” in the Company’s management’s altercation and assay for the year concluded December 31, 2017 and its latest anniversary advice anatomy filed August 29, 2018, which are accessible beneath the Company’s SEDAR contour at www.sedar.com, and in added filings that the Company has fabricated and may accomplish with applicative balance authorities in the future.
Although the Company has attempted to analyze important factors that could account absolute after-effects to alter materially from those independent in advanced information, there may be added factors that account after-effects not to be as anticipated, estimated or intended. There can be no affirmation that such advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. Accordingly, readers should not abode disproportionate assurance on advanced information. The advanced advice independent in this account absolution is especially able in its absoluteness by this cautionary statement. The Company does not undertake to amend any advanced information, except as appropriate by applicative balance laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
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