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Venzee Technologies Announces Third Quarter Fiscal 2021 Results
Venzee Technologies Announces Third Quarter Fiscal 2021 Results Canada NewsWire...
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[{"type":"text","content":"\n \n \n \n Venzee Technologies Announces Third Quarter Fiscal 2021 Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CHICAGO\n \n ,\n \n Nov. 22, 2021\n \n /CNW/ -\n \n \n Venzee Technologies Inc. (TSX-V:VENZ, OTCQB:VENZF)\n \n \n (\"\n \n Venzee\n \n '' or the \"\n \n Company\n \n \"), the artificial intelligence (AI) platform for consumer retail product data, announced today financial results for the third quarter ended\n \n September 30, 2021\n \n .\n \n \n \n \n \n \n \n \n \n The unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis (\"MD&A\") can be viewed at\n \n \n https://investors.venzee.com/SEDAR-filings\n \n \n .\n \n \n The Company will conduct a conference call discussing first quarter results on\n \n Tuesday, November 23, 2021\n \n at\n \n 8:30 A.M. EST\n \n (\n \n 5:30AM PST\n \n ). Details for this call can be found below.\n \n \n \"Manual processes continue to challenge the Consumer Retail Supply Chain globally. As a result, our AI platform continued to see traction in the quarter with large brands validating our unique technical approach and are moving forward with sales contract development,\" said Venzee CEO\n \n John Abrams\n \n .\n \n \n Continued Mr. Abrams, \"Our productive sales effort in the third quarter are generating results in Q4 that will help us achieve our revenue goal for the year of\n \n $195,000\n \n MRR.\"\n \n \n Sales pipeline growth remains strong for Venzee, with more than 10,000 active sales opportunities — representing a 43% increase from the end of Q2 2021. This quarter, following an upgrade to its website that allows direct purchase of the Company's Mesh Connector™ product, the Company significantly increased direct sales leads generation and saw consistent month on month revenue growth.\n \n \n According to\n \n Joel Carstedt\n \n , Senior Director of Sales at Venzee, \"By expanding our sales team in Q3, we have been able to convert sales pipeline opportunities more quickly and move large clients int...