Verb Technology Partners with Direct-to-Consumer (D2C) NewAge, Inc. to Launch Independent Distributor App to Increase Customer Engagement and Increase Sales Conversion Rates
NewAge Share App will serve up to 600,000 independent distributors in 75 countries
VERB provides a centralized sales support solution with interactive video capabilities for customer relationship management, content and learning
VERB’s live streaming technology set to be added to NewAge Share app and rolled out to international markets in September 2021
NEWPORT BEACH, Calif. And DENVER, August 06, 2021 (GLOBE NEWSWIRE) – Verb Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), a leader in video-based interactive sales support applications, including interactive live e-commerce, webinar, CRM and marketing applications for entrepreneurs and businesses, and NewAge, Inc. (NASDAQ: NBEV), Colorado-based organic and healthy products company D2C (direct to consumer), today announced that it has partnered to launch the NewAge sharing app, a sales support solution with interactive video technology, to help their global brand partners and independent distributors increase customer engagement and sales productivity.
NewAge, an emerging health and wellness thought leader, is a social sales and distribution company that markets a portfolio of organic and healthy products primarily through a D2C approach to market distribution. NewAge partner companies and brands, including ARIIX, Noni, LIMU, LIVING, and ZENNOA, are aligned with NewAge’s strategy to develop leading, science-based, functionally different brands across three main platforms: Health and Wellness, Inner and Outer Beauty, and Nutritional Performance and Weight Management.
The NewAge Share app includes VERB’s customer relationship and content management app, verbCRM with artificial intelligence features, which facilitate the sales process by allowing distributors to manage, share directly with customers and prospects and track interactive content, such as product literature and media, videos from demonstration, personalized videos or commercial proposals. It provides interaction analytics so that distributors can determine what content resonates with prospects and gauge overall customer engagement and campaign effectiveness. This allows distributors to more effectively focus their time and energy on high probability prospects who have expressed interest, thereby increasing their sales conversion rates. VERB customers reported a more than 600% increase in conversion rates. The NewAge Share app also includes verb LEARN, VERB’s proprietary learning management system for interactive video-based training and education. The application will be available in 10 languages and will serve up to 600,000 distributors in 75 countries.
Live streaming capabilities, powered by VERB’s interactive live e-commerce solution verb LIVE, is expected to be added to the NewAge Share app for targeted international markets in September 2021.
“We are excited to integrate VERB’s powerful video technologies into our suite of tools for our extensive network of global brand partners and independent distributors,” said Brent Willis, CEO of NewAge. “We value the impact of equipping our distributors with world-class digital tools and technology that can go hand in hand with our award-winning social assets and best-performing brands. We are also excited to provide purchasable live streaming capability in Japan and other international markets as we believe this is a revolutionary approach to social selling. We support our brand partners in any way we can to increase their sales conversion rates with more effective follow-ups and better customer engagement, and believe VERB is the best in the world to make it happen.
“We are proud to be a technology partner of NewAge and to help their brand partners equip themselves with cutting edge sales support tools,” said Rory J. Cutaia, CEO of VERB. VERB has developed a suite of easy-to-use products creating a frictionless, fun, social, and video-based selling experience that improves customer engagement, while providing real-time viewer engagement analytics for more effective follow-ups that drive sales conversion rates.In addition, we are very pleased to support NewAge in growing its business with the upcoming addition of live streaming, especially in Asia where live selling is a huge market and a huge opportunity. “
Verb Technology Company, Inc. (NASDAQ: VERB) is transforming the way businesses attract and engage customers. The Company’s Software-as-a-Service, or SaaS, platform is based on its proprietary interactive video technology and includes a suite of commercial sales support software products offered on a subscription basis. Its software applications are available in over 60 countries and in over 48 languages for sales teams in large and small businesses who need affordable, easy-to-use, and quick-to-obtain sales tools. Available in mobile and desktop versions, the applications are offered as a fully integrated suite, as well as on a stand-alone basis, and include verbCRM (Customer Relationship Management Application), verbLIVE (Livestream eCommerce Interactive Application and Webinar Video), verbTEAMS (a Self-Integrating Version of verbCRM with built-in verbLIVE and Salesforce synchronization for small businesses and sole traders), verbLEARN (App Learning Management System), and verbMAIL (an interactive video messaging solution seamlessly integrated into Microsoft Outlook ). The company has offices in California and Utah. For more information, please visit: www.verb.tech.
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About NewAge, Inc.
NewAge is a purpose-built company dedicated to inspiring the planet to live healthy ™. Colorado-based NewAge markets a portfolio of organic and healthy products worldwide primarily through a direct-to-consumer (D2C) distribution system to market in more than 75 countries. The company is present in three broad categories of platforms, including health and wellness, interior and exterior beauty, and nutritional performance and weight management.
For more information about the company, please visit NewAge.com.
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, predict, indicate or imply future results, performance or achievements, and may contain words such as “anticipate”, “expect”, “project”, “plan” or words or phrases having a similar meaning. Forward-looking statements contained in this press release relate, among other things, to the financial performance and expected operating results of the Company, including recurring SaaS revenues, as well as statements regarding the progress of the Company towards achieving its objectives. strategic goals, including successful integration and future completion of acquisitions. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, the COVID-19 pandemic and associated public health measures on our business, our customers, our markets and the global economy; our plans to attract new customers, retain existing customers and increase our annual sales; the development and delivery of new products, including verbLIVE; our plans and expectations for software as a service offerings; our ability to execute, integrate and realize the benefits of any acquisition; fluctuations in our quarterly operating results and other operating metrics; increasing competition; general economic, market and business conditions. If any of these risks or uncertainties materialize, or if any of our assumptions prove to be incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. Investors are encouraged to consult our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, for additional information regarding risks and uncertainties. which may cause a substantial difference between the actual results and those expressed. in any forward-looking statement. All forward-looking statements contained in this press release are based on information available to us as of the date hereof, and we assume no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that occur. exist after the date they were made, unless required by law.
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