Venzee Technologies Inc.
TSX VENTURE : VENZ

Venzee Technologies Inc.

January 16, 2018 07:30 ET

Venzee Launches AI Software, Autopilot, for Merchants on Amazon, WooCommerce and Shopify

Venzee allows retailers to manage their stores through the power of artificial intelligence

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 16, 2018) - Venzee Technologies Inc. (TSX VENTURE:VENZ) ("Venzee" or the "Company") is pleased to announce the launch of an enhancement to its platform: Autopilot, an artificial intelligence ("AI") product that receives information from suppliers, and transforms this into rich, online products on Amazon, Shopify or WooCommerce using Venzee's platform.

Kate Hiscox, Founder and President of Venzee, commented, "Autopilot brings the power of artificial intelligence to retailers who wouldn't normally be able to afford, or build technology as sophisticated as Autopilot. This represents a substantial return on investments for our customers and retail partners who use our product".

Autopilot works by acting as an inbox for retailers. Suppliers send spreadsheets to Autopilot via email which based on the retailer's preferences, automatically transforms the information contained in these spreadsheets using Venzee's platform into content rich, error free products that are added to solutions like Amazon and Shopify, automatically.

A store can be integrated with Autopilot in four simple steps; Register at https://venzee.com, share your email with supply chain, customize output settings to get your desired results, and connect your online store in less than sixty (60) seconds.

"The addition of Autopilot to the Venzee platform is a game changer for up and coming retailers" continued Ms. Hiscox, "Suppliers use spreadsheets to share new products and updates with retailers which creates a labour-intensive and costly step in their workflow. With Autopilot, it's as simple for retailers as sharing a new email address with their supply chain."

Currently, Autopilot supports Amazon, Shopify and WooCommerce. Learn more at https://venzee.com.

According to Statista, in 2016, the global e-commerce industry achieved an 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 in this US$23 million retail industry (source: Statista).

About Venzee

Venzee is a SaaS company that launched in 2014 to help ecommerce vendors and retailers easily share product information in a US$23 trillion retail industry. Traditionally, this was done using spreadsheets which created a labor intensive process that delayed products from reaching the marketplace. Venzee's technology, leveraging artificial intelligence to streamline product information management, 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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