News | March 7, 2018

Korbet Bleu, E-Commerce Retailer, Chooses Venzee To Update Products

Vancouver, BC (GLOBE NEWSWIRE) - Venzee Technologies Inc. (TSX-V:VENZ) (“Venzee” or the “Company”) is pleased to announce that Korbet Bleu, a home goods e-commerce retailer, has selected Venzee to automate the process of adding and updating products to korbetbleu.com.

Korbet Bleu updated products on korbetbleu.com through Venzee’s software via their Shopify integration. Renee Breen, Vice President of Korbet Bleu, commented, "We consider Venzee an extension of our Team. The automation has been an invaluable resource and nothing compares to the reliability, dependability, and teamwork we have experienced. Venzee is our right hand that's always there to handle inventory, saving us a massive amount of time. The time savings has turned into money savings. Using Venzee has been the best decision we have made and enabled us the freedom to spend more time on other areas of our business.”

Peter Mackay, CEO of Venzee, commented, “Enabling our partners to concentrate in other areas of their business is an important reason why we are removing spreadsheets from the table. Venzee provides a rich, error free experience, and we are pleased to provide Korbet Bleu with the service their innovative products deserve.”

Venzee provides high value customized SaaS (software-as-a-service) solutions to mid-market and tier-1 enterprise clients around the world. Additionally, it accommodates the budgets of up and coming retailers hosted on platforms like Shopify.

According to Statista, in 2016, the global e-commerce industry achieved estimated US$1.8 trillion dollars in sales, and is expected to grow to US$4.5 trillion by 2021. As e-commerce sales continue to grow at staggering rates, the need for better delivery of product information for businesses is now solved with the Venzee software solution.

About Korbet Bleu
Korbet Bleu focuses on interiors that are a reflection of personal style: fresh, distinctive, and inspiring. With designs that inspire story-telling, Korbet Bleu provides lighting, furniture and accent pieces that range from classic to contemporary.

Orders are placed through Korbet Bleu’s website with unlimited free shipping to the 48 contiguous United States of America. Korbet Bleu is working to develop an international shipping program that will provide delivery of the company’s unique products world-wide.

About Venzee
Venzee is a SaaS company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was done using spreadsheets which created a labor-intensive process that delayed products from reaching the marketplace. Venzee’s technology, a cloud-based platform that streamlines product information, allows thousands of vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. The Company graduated from notable startup accelerator program 500 Startups and is already powering some of the biggest brands in the world.

To learn more about Venzee, visit https://venzee.com. For more about Mesh, visit https://meshblockchain.com.

Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the execution of the Company’s growth strategy. Generally, forward-looking information can be identified by the use of forward-looking terminology 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 state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors” in the Company’s filing statement dated December 12, 2017, which is available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE: Venzee Technologies Inc.