Post by Mike on Nov 18, 2020 5:11:38 GMT -5
Progress Report
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Don't Miss 2 Minute Drill!
David Meltzer's New Pitch Show, "2 Minute Drill" to Air on Bloomberg TV, Amazon Prime Video, in Over 100 Million Homes in 2021
David Meltzer’s ‘2 Minute Drill’ with Rory J. Cutaia as a judge, and Verb as a sponsor.
The series is set to air Fridays on Amazon Prime Video and Bloomberg TV at 8:30 PM PST (11:30 EST)
The series is set to air Fridays on Amazon Prime Video and Bloomberg TV at 8:30 PM PST (11:30 EST)
Q4, 2020 Progress Report
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Latest Updates - Q1, 2021
* The decrease in digital revenue is primarily attributed to the impact of COVID-19 on many of our customers, which magnified what is traditionally a business slowdown during holiday season. We also experienced an unusual loss of several customers which had a direct impact on our 4th quarter recurring revenue. Notably, however, as the year drew to a close, as of December 31, 2020, we had begun to see a meaningful uptick and return to more normalized business and sales activity with 14 new clients under contract that will launch in 2021, at which time we will recognize that revenue. Overall, we signed 62 new clients in 2020, representing approximately $3.0 million of minimum contract value.
Three Months Ended March 31, 2021 – (UNAUDITED PROJECTED)
Total Digital unaudited projected revenue was $1.8 million, an increase of 24% over the same period last year, and already over 20% of Q4 2020
Total SaaS recurring unaudited projected revenue (a component of total Digital revenue) was $1.4 million,
an increase of 30% over the same period last year and already over 10% of Q4 2020
SaaS recurring unaudited projected revenue as a percentage of total Digital revenue was 79%, compared with 73% for the same period last year. more
Total Digital unaudited projected revenue was $1.8 million, an increase of 24% over the same period last year, and already over 20% of Q4 2020
Total SaaS recurring unaudited projected revenue (a component of total Digital revenue) was $1.4 million,
an increase of 30% over the same period last year and already over 10% of Q4 2020
SaaS recurring unaudited projected revenue as a percentage of total Digital revenue was 79%, compared with 73% for the same period last year. more
Total SaaS recurring revenue (a component of total Digital revenue) was $5.1 million, an increase of 82% from the previous year.
SaaS recurring revenue as a percentage of total Digital revenue was 79%, compared with 66% for the previous year
SaaS recurring revenue as a percentage of total Digital revenue was 79%, compared with 66% for the previous year
Conference Call Information
VERB management will hold a conference call tomorrow, March 31, 2021 at 4:30 PM Eastern time, to discuss its results in greater detail. A telephonic replay of the conference call is available from 7:30 PM Eastern time on the same day through April 14, 2021.
Live Call:
Date: Wednesday, March 31, 2021
Time: 4:30 PM Eastern time (1:30 PM Pacific time)
U.S. dial-in number: 1-877-407-4018
International number: 1-201-689-8471
Replay:
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13717712
VERB Partners with Marketing 360®,
a Leading Marketing Technology Provider, to Accelerate Adoption of its Interactive Content Management and Livestream Selling Tools
a Leading Marketing Technology Provider, to Accelerate Adoption of its Interactive Content Management and Livestream Selling Tools
NEWPORT BEACH, Calif. and SALT LAKE CITY, March 29, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that it has partnered with Marketing 360®, a leader in business management and marketing software for small and medium-sized businesses and franchises. VERB and Marketing 360 offer complementary services that help small businesses grow more rapidly through an effective end-to-end sales and marketing program, from lead generation to sales conversion.
With over 20,000 clients across all industries, Marketing 360 helps small and medium-sized companies manage and grow their businesses through a powerful platform which includes a CRM, a website builder, payments integration, email marketing, SMS text message marketing, a social media management scheduling tool, and much more. As many small business owners do not have all the resources and skills necessary for marketing and building an online presence, Marketing 360® makes it easy for businesses with its industry-leading technology. Marketing 360® is the number one marketing platform for small businesses with proven industry-specific marketing programs run by dedicated and experienced marketing teams.
VERB’s self-onboarding verbTEAMS platform, designed for small businesses, enables small businesses and solopreneurs to manage, share, and track interactive content, such as product literature and media, demo videos, personalized videos, or business proposals, while offering interaction analytics so users can determine which content is resonating with prospects, and assess overall engagement and campaign effectiveness. This allows users to focus their time and energy more effectively on high-probability sales prospects who have shown interest, thereby increasing their sales conversion rates. VERB customers have reported more than 600% increases in conversion rates. Interactive content can be shared by email, text messages, customer-specific links, or livestream. Verb’s livestream e-commerce capability, which is included with verbTEAMS, is an effective and powerful way to create customer engagement, as viewers can easily click on icons directly on the screen to make purchases, get additional product information, set up appointments and other customizable features, and also to chat with other viewers of the livestream or ask questions to the host, all in a friction-free setting.
“A partnership with Marketing 360 is a win-win proposition for both companies,” said Nick Hoggan, Chief Revenue Officer of VERB. “More importantly, it’s the small businesses that win, as they benefit from Marketing 360’s marketing and lead generation capabilities and VERB’s ability to increase conversion of those leads into closed deals. In addition to helping small businesses impacted by the pandemic get back on their feet as the economy reopens, a Marketing 360 co-marketing agreement creates tremendous value for VERB’s shareholders.”
“Our mission has always been to help small businesses grow,” said Jerry Kelly, CMO of Madwire, parent company of Marketing 360. “Through the VERB partnership, we are looking to accelerate this growth by empowering our customers to follow through on leads generated, and successfully turn them into additional sales. As a result, the combined strengths of our services support our clients in navigating through the entire sales cycle.”
VERB to Host Fourth Quarter and Full Year 2020 Earnings Call on Wednesday, March 31, 2021 at 4:30 PM ET
NEWPORT BEACH, Calif. and SALT LAKE CITY, March 19, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that it will host a conference call to discuss its financial results for the fourth quarter and full year ended December 31, 2020 on Wednesday, March 31, 2021 at 4:30 PM Eastern time (1:30 PM Pacific time). Financial results will be issued in a press release prior to the call.
VERB CEO Rory J. Cutaia and CFO Jeff Clayborne will host the conference call, followed by a question-and-answer period.
Date: Wednesday, March 31, 2021
Time: 4:30 PM Eastern time (1:30 PM Pacific time)
U.S. dial-in number: 1-877-407-4018
International number: 1-201-689-8471
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
A telephonic replay of the conference call will be available after 7:30 PM Eastern time on the same day through Wednesday, April 14, 2021.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13717712
Can you say verbTV? Launching in 6 to 8 weeks!
Microsoft Outlook launching within 30 days and Marketplace shortly thereafter!
Join us in welcoming B. Braun Medical Inc to the growing roster of Verb clients.
NEWPORT BEACH, Calif. and SALT LAKE CITY, March 11, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 9,375,000 shares of its common stock at a purchase price of $1.60 per share in a registered direct offering. No warrants will be issued in connection with the transaction. The closing of the offering is expected to occur on or about March 15, 2021, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
This offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-252167) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
NEWPORT BEACH, Calif. and SALT LAKE CITY, March 10, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that it has partnered with leading social media influencer Vlad Kachur to increase awareness of verbTEAMS, the Company’s powerful and easy-to-use livestream ecommerce sales and marketing tool to support entrepreneurs and small- and medium-sized businesses (SMBs).
With more than 140,000 subscribers, Mr. Kachur’s YouTube channel is the #1 YouTube business and technology show for entrepreneurs, startups and small businesses. Past guests of The Vlad Kachur show include Netflix co-founder Marc Randolph, Shark Tank’s Kevin O’Leary and Daymond John, venture capital investor Tim Draper, and SaaS executive and influencer Jason Lemkin. Each video uploaded to the channel gets 1 to 2 million views within 30 days, with click-through rates of up to 3.2% and conversion rates of up to 5%. Additionally, websites of companies that appeared on the show have seen between 10,000 and 40,000 new visitors within 30 days of the video’s launch.
“We are excited to tap into influencer marketing and to work with Vlad to expand awareness of VERB’s technology and sales tools, which we believe can help businesses during, and beyond, these challenging times,” said Nick Hoggan, VERB’s Chief Revenue Officer. “We strongly believe that verbTEAMS, our sales enablement solution for small businesses and solo entrepreneurs, empower users to create much-needed and measurable customer engagement through livestream selling and interactive videos, which can elevate sales productivity levels while benefiting from rapidly changing consumer behavior and shopping trends.”
VERB CEO Rory J. Cutaia added, “The sales environment has changed tremendously since a year ago, especially for small businesses and entrepreneurs who have been significantly impacted by pandemic-related store closures and struggling sales figures. Small businesses have to adapt to changing dynamics related to COVID-driven shifts in consumer behavior. Vlad’s YouTube channel is the perfect vehicle to let these businesses know that there is technology available to help them adapt and succeed. We are here to help them with that.”
With verbTEAMS, small businesses can create their own QVC and Home Shopping Network-style live online broadcasts to showcase their products or services with one important distinction – viewers can click directly on the livestream video and purchase in real time. It also has an on-screen real-time interactive chat feature that produces a true social experience allowing viewers to ask questions to the host or chat with one another during the live broadcast. It simulates or gets close to an actual in-store buying experience, as it combines the best features of popular livestream platforms such as Zoom, Facebook Live and WebEx with clickable shopping features, including in-video icons to buy, receive additional product information, or set up appointments. It also provides real-time viewer interaction analytics to drive sales conversion rates in a friction-free sales setting. verbTEAMS is particularly effective for Shopify users as well as eBay and Etsy sellers. For businesses that use Salesforce customer relationship management tools, the app also has a special one-click Salesforce synchronization.
verbTEAMS, available in mobile and desktop versions, is currently being offered for free for 7 days to all small businesses in the U.S. in an effort to help small business recover and overcome the grueling challenges caused by the pandemic. Interested users can sign up here.
VERB Technology to Present and Meet with Investors on a One-on-One Basis at 33rd Annual Virtual ROTH Conference on March 15-17, 2021
Mr. Cutaia’s presentation highlights the Company’s unique interactive video technology and software-as-a-service sales enablement solutions, including its livestream ecommerce application verbLIVE, shifts in global shopping trends and consumer behavior for which the Company’s products are well-positioned, and recent strategic initiatives. His presentation can be viewed by clicking on this link.
The conference will feature presentations from public and private companies across a variety of industry sectors. During previous events, ROTH has hosted close to 550 participating companies and attracted more than 5,000 attendees, including institutional investors, analysts, family offices and high-net-worth investors.
To learn more and submit a registration request, please visit ibn.fm/ROTH2021Registration
Offers Expansive Beta Program For Small Businesses Impacted By COVID
NEWPORT BEACH, Calif. and SALT LAKE CITY, March 04, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that in preparation for the global release of its much anticipated Microsoft Outlook integration, it will offer small businesses across the country impacted by COVID-19, free use through a specially designed beta program.
The VERB integration, developed through VERB’s long-standing partnership with Microsoft, allows the more than one-billion Outlook users worldwide the ability to create interactive video emails at the click of a button, natively in the Outlook toolbar. Users will have capabilities to add in-video “Buy-It-Now” buttons, links to schedule appointments, and even controls to download product literature and media, among many other sales energizing interactions that can be shared easily through Outlook using their existing Outlook contacts and Microsoft 365.
Businesses interested in participating in the beta program can complete the application form here. Selected companies will be able to use the groundbreaking new features in Outlook for free for an extended term beyond the beta testing period to help them recover from the economic effects of COVID. Upon the commercial release, enterprise and individual users will pay a monthly recurring fee for use of the VERB features. VERB intends to make this product integration available globally through Microsoft’s Commercial Marketplace and Co-Sell program with Microsoft’s field sales.
“Those of you who have been following our progress here at VERB know that this is truly a meaningful milestone for our company and potentially, an enormous value creator,” stated VERB CEO, Rory J. Cutaia. “Let me underscore what this means for ourselves and our shareholders. This opportunity combines the friction-free, sales-driving, ecommerce capabilities of our interactive video technology, with the total addressable market of one billion Microsoft Outlook users world-wide. Then add to that, our ability to market this through Microsoft’s Commercial Marketplace, as well as their Co-Sell program with Microsoft’s field sales.”
“I am especially proud to be able to offer this amazing revenue producing tool to small businesses and entrepreneurs all over the country free of charge through our beta program, especially those that have been so badly impacted by the effects of the pandemic,” stated Cutaia. “This is just another part of VERB’s firm commitment to NASDAQ’s public company ESG initiatives. As more and more companies begin taking responsibility for our society, our country, and our planet, by adopting and executing environmental, social and governance programs, we all win together.”
VERB to Offer Its Livestream eCommerce App Free to All Small Businesses in the U.S. Affected by the Pandemic
verbTEAMS, a powerful livestream ecommerce sales and marketing tool, can help small businesses, retailers, and entrepreneurs increase customer engagement and sales productivity in periods of extended remote work, social distancing, and pandemic related store closures
NEWPORT BEACH, Calif. and SALT LAKE CITY, Feb. 24, 2021 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a rapidly emerging market leader in business-focused interactive video sales and marketing tools, including livestream ecommerce, CRM, and content management applications, today announced that it is offering its LIVE STREAM ECOMMERCE technology to small businesses all over the country for free to help navigate the challenges the pandemic has created. Through their verbTEAMS app, users can create their own QVC and Home Shopping Network-style live broadcasts showcasing and promoting their products or services with one big difference - viewers can actually click right in the livestream video broadcast and purchase in real-time. It also has an on-screen real-time interactive chat feature that produces a true social experience allowing viewers to ask questions of the host as well as chat with one another during the live broadcast. It’s as close as you can get to an actual in-store buying experience, and in many ways better, more engaging and more fun. Think Zoom and Shopify combined with your favorite live chat feature.
The verbTEAMS app with verbLIVE, its interactive livestream feature, is particularly effective for Shopify users as well as eBay and Etsy sellers. For Salesforce users, the app also has a special one-click Salesforce app synchronization. In an effort to help small businesses recover, and in many cases survive the effects of the pandemic, VERB is offering its app for free for 30 days to all small businesses in the U.S. The free offer is effective immediately and interested users can sign up here.
Available in mobile and desktop versions, the VERB app is easy-to-use and allows businesses and entrepreneurs to engage directly with customers during livestream sessions through clickable in-video icons to buy, receive additional product information, set up appointments, and other customizable interactive features, while offering real-time viewer interaction analytics to drive sales conversion rates in a friction-free sales setting.
In addition to the free use of verbTEAMS, VERB is offering free biweekly training and business seminars to help businesses with onboarding, understanding and using the app’s powerful and innovative features, managing content and contacts, leveraging content analytics as well as viewer engagement analytics, and featuring entrepreneur showcases and success stories, among other supportive initiatives. To register for these events, please click here.
“We expect livestream direct selling, already a massively successful and lucrative new channel in Asia, to grow in popularity in the U.S. as the paradigm shift continues and as businesses adapt to rapidly changing shopping trends and consumer behavior. We believe that we are best-positioned to help small businesses and entrepreneurs in this remote work environment by equipping them with the tools and support that can take customer engagement to new levels of sales productivity at a time when our Country’s small businesses need it most,” said Nick Hoggan, VERB Chief Revenue Officer.
“Entrepreneurs and small businesses are the backbone of our economy,” said Rory J. Cutaia, CEO of VERB. “We need to stop looking to our government for assistance. It’s time for the private sector to step up, to come together, combine our know how, combine our resources and help each other, and in so doing, help our friends, our families, our neighbors and the rest of our country. Ingenuity was born here, it lives here and it still thrives here. We’re proud to be among the many companies who have embraced this philosophy and decided to act, who know they can make a difference and have decided to do so. If we can inspire others to join us, we’ll get through this and we’ll all be the better and stronger for it.”
Japan is roughly the size of California but has approximately half the population of the United States.
Japan is one of the best markets for direct sales companies. Some interesting stats about this market:
Third largest market with approximately 10% of global industry sales
Over 3,000,000 direct sellers in Japan
80% of direct sellers in Japan are female
Overnight shipping country-wide
Early adopters of technology
Strong history in direct selling
verbLIVE, VERB’s best-in-class livestream ecommerce and webinar tool, positions the company to capitalize on changing shopping trends and consumer behavior, accelerated by the pandemic
Mr. Cutaia had a full day’s schedule of one-on-one meetings with institutional investors at A.G.P.’s Virtual Emerging Growth Technology Conference.
NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan. 29, 2021 (GLOBE NEWSWIRE) -- 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 Rory J. Cutaia, CEO of VERB, will be available to meet with investors on a one-on-one basis at A.G.P.’s Virtual Emerging Growth Technology Conference on Thursday, February 4, 2021.
Mr. Cutaia will provide an overview of the Company and the direct-selling landscape in the remote work economy, including VERB’s strategy, best-in-class sales enablement software-as-a-service (SaaS) product suite, hypergrowth initiatives, and other recent developments, and answer questions about the Company.
VERB Technology to Present its Industry-Leading Sales Enablement Platform at the MoneyShow Accredited Investors Virtual Expo on Wednesday, January 27, 2021, at 1:35 PM ET
VERB’s platform was recently named the #1 direct selling app with highest number of enterprise clients by Social Selling News
NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan. 21, 2021 (GLOBE NEWSWIRE) -- 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 the Company will be presenting at the MoneyShow Accredited Investors Virtual Expo being held January 26-28, 2021. Rory J. Cutaia, CEO of VERB, will provide an overview of VERB’s strategy, best-in-class sales enablement software-as-a-service (SaaS) product offerings, hypergrowth initiatives, and other recent developments.
Presentation Date: Wednesday, January 27, 2021
Presentation Time: 1:35 PM ET
More Iterations Coming This and Next Month!
VERB’s industry-leading sales enablement platform continues to gain traction with enterprise clients as provider with the most number of direct selling clients
VERB Technology to Showcase Industry-Leading verbLIVE Livestream eCommerce and Webinar Platform at CES 2021
verbLIVE continuing to gain traction with corporate clients as remote work and virtual selling become the global norm
January 04, 2021 13:00 ET | Source: Verb Technology Company, Inc.
NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan. 04, 2021 (GLOBE NEWSWIRE) -- 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 it will be showcasing its industry-leading verbLIVE platform at CES 2021, the first all-virtual Consumer Electronics Show, on January 11-14, 2021. Rory J. Cutaia, VERB CEO, will highlight the Company’s sales enablement technology innovations and virtually connect with customers, media, and other thought leaders.
verbLIVE, the Company’s livestream ecommerce and webinar application, is a powerful and easy-to-use tool that enables sales people to increase client and prospect engagement and drive sales conversion rates remotely, in a friction-free, video-based setting. It provides a variety of interactive features, such as in-video clickable icons to buy, receive additional product information, and set up appointments, and offers real-time viewer engagement and interaction analytics to enhance sales productivity. verbLIVE is fully integrated with Salesforce, and soon with Microsoft Outlook.
“CES is the biggest tech event on the planet, and I couldn’t be more excited to participate in its first ever virtual edition,” said Rory J. Cutaia, VERB CEO. “While we’ll certainly miss interacting with the tech community and the media in person, we fully intend to take advantage of the new virtual format. Effective remote interaction is the essence of verbLIVE, as we continue to live through unprecedented times. verbLIVE is changing the way companies approach sales, and our unique platform is already helping businesses address the challenges presented by COVID-19 – so I expect CES to be the start of an exciting, growth-filled 2021 for VERB.”
Industry professionals and accredited media members are invited to register for the event here.
David Meltzer's New Pitch Show, "2 Minute Drill" to Air on Bloomberg TV, Amazon Prime Video, in Over 100 Million Homes in 2021
David Meltzer’s ‘2 Minute Drill’ with Rory J. Cutaia as a judge, and Verb as a sponsor.
The show is set to air on Amazon Prime Video and Bloomberg TV in early January and is packed with incredible judges and talent.
The show is set to air on Amazon Prime Video and Bloomberg TV in early January and is packed with incredible judges and talent.
Check out Verb's latest videos at Interactive Video Marketing and follow on Parler or Twitter for daily updates.
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