|
Six Major Catalysts are aligning to form the Perfect Storm, and with
the Infusion of $13.8 million dollars, Verb is preparing for Hyper-Growth! |
Watch for daily updates to this page.
Integrations have begun with major players to launch verbLEARN, verbLIVE and the core app for verbGO!
|
Verb's progress in building a host of innovative marketing applications, partnerships, a Top Notch Management Team and Board Members are all compelling catalysts, but that's only part of the story. For over a year Verb has been focused on creating a "business building" app for Direct Sales and every other industry by developing complimentary products and features to offer a complete suite of business solutions for marketing and sales. But up until now the company has operated on a tight budget, customers were limited to mobile use only and growth has been slowed by a time consuming onboarding process for new clients.
|
CAT - 1: Streamlined Platform
Decrease Client Back-Log & Expedite Revenue Growth
Decrease Client Back-Log & Expedite Revenue Growth
"Once a new contract is executed, it takes approximately 70 to 90 days “and sometimes more” to launch a new client's application and begin recognizing the recurring revenue". This is creating a large backlog for Verb's growing list of white labeled apps and features, but that's about to change ahead of the imminent global launch and media campaign. You can compare all the bill-boards welcoming new clients to the list Verb has been able to PR here.
Results from the last five quarters show consistant increases in SaaS revenue despite being restrained by the onboarding process.
"I am very pleased to provide preliminary results for our second quarter financial performance. We believe this was a record breaking quarter for Verb across almost all revenue sources and is particularly meaningful as we achieved these results during a very difficult time in the economy at large due to COVID-19, stated VERB CEO, Rory J. Cutaia. “This quarter also represents the highest number of new enterprise clients we signed during a quarter in the Company’s history. Notably, due to COVID-related social distancing, these results were achieved by our teams working remotely using our own technology – we call it ‘eating our own chili’”.
Results from the last five quarters show consistant increases in SaaS revenue despite being restrained by the onboarding process.
"I am very pleased to provide preliminary results for our second quarter financial performance. We believe this was a record breaking quarter for Verb across almost all revenue sources and is particularly meaningful as we achieved these results during a very difficult time in the economy at large due to COVID-19, stated VERB CEO, Rory J. Cutaia. “This quarter also represents the highest number of new enterprise clients we signed during a quarter in the Company’s history. Notably, due to COVID-related social distancing, these results were achieved by our teams working remotely using our own technology – we call it ‘eating our own chili’”.
Update: VERB Beats SaaS Revenue Forecast and Reports Record Breaking 2020 Second Quarter Financial Results
|
Actual Q2 Results
SaaS Recurring Subscription Rev
$1,274,000 26 new client proposals since June 30 – a 20% increase over same period last quarter
7 new enterprise clients added during first 5 weeks of Q3 |
CAT - 2: Cloud Partner Integrations, Products Launch & Media Campaign
VERB Has Secured Financing to Launch a Full Suite of Interactive Marketing & Sales Tools with Cloud Partners
|
81% of CRM users are now operating
their business from multiple devices, most of which are still using computers. Once Verb has integrated into cloud partners like Salesforce, Microsoft and other partners, marketers can work from all devices with full analytics, multiplying user access on a global scale and marking the expansion into the Live Streaming markets. |
|
|
The imminent launch of Verb's core package includes the integrations of verbCRM, verbLEARN and verbLIVE into popular CRM cloud partners that include Salesforce, Microsoft, Oracle/NetSuite, and Adobe/Marketo, putting Verb "front & center" for Marketing, Live Webinars and Video Conferencing in some of the largest and fastest growing markets.
|
|
|
VERB has completed the Salesforce integration as well as the compliance and security review processes to list verbLIVE on the Salesforce AppExchange, the leading enterprise cloud marketplace, which allows independent software vendors to make their products available to Salesforce customers. verbLIVE will become available to Salesforce users through the AppExchange on Monday, August 17, 2020.
|
|
Oracle/NetSuite is much smaller than Salesforce,
yet they have a sales staff of over 2,000 people that service millions of users.
Launching Verb's products with just one cloud provider such as Oracle/Netsuite allows Verb to leverage their large sales force to sell Verb's products to the millions of users already in NetSuite's system. This is a real game changer and has the potential for exponential market penetration and massive revenue growth.
See Market Penetration
yet they have a sales staff of over 2,000 people that service millions of users.
Launching Verb's products with just one cloud provider such as Oracle/Netsuite allows Verb to leverage their large sales force to sell Verb's products to the millions of users already in NetSuite's system. This is a real game changer and has the potential for exponential market penetration and massive revenue growth.
See Market Penetration
|
"However, we currently intend to use the net proceeds to us from this offering primarily for broad-based market awareness of our existing and
forthcoming products, including verbLIVE, and for general corporate purposes, including working capital, research and development, and capital expenditures". |
|
CAT - 3: Verb's Core Markets are Huge!
Customer Relationship Management (CRM) and Livestream Broadcast
Customer Relationship Management (CRM) and Livestream Broadcast
VerbCRM: White labeled Enterprise Clients & Entrepreneur Marketing & Sales
VerbLIVE
Traditional Live Streaming platforms are used for Webinars, Video Conferencing,
Gaming and Entertainment purposes normally not associated with Customer Relationship Management.
Gaming and Entertainment purposes normally not associated with Customer Relationship Management.
The global eSports market size was valued at USD 1.1 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 24.4% from 2020 to 2027
Global online Gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027
Global online Gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027
|
Alpha Esports Inc. Launches “GamerzArena+,” a Monthly Subscription Service
|
With the addition of Gamerz Arena, Verb is expanding into the Gaming Industry.
|
|
|
|
CAT - 4: Now Enter eCommerce Livestream Shopping
The E-Commerce Industry is Massive at Five Trillion Dollars and Livestream Shopping is on Fire!
Sales From Live Stream Shopping Grew From $1 Billion in 2016 to $63 Billion in 2019, BEFORE Covid-19,
and THIS REPORT says it's likely to DOUBLE to over $120 Billion THIS YEAR!
Sales From Live Stream Shopping Grew From $1 Billion in 2016 to $63 Billion in 2019, BEFORE Covid-19,
and THIS REPORT says it's likely to DOUBLE to over $120 Billion THIS YEAR!
|
Now that Covid-19 has created a global pandemic, many entrepreneurs, small businesses and large enterprises are forced to shift to e-commerce solutions to satisfy safe distancing requirements for both consumers and businesses. Suddenly, Live Stream Shopping is creating hypergrowth in the sector and the long term outlook is very good!
Livestream Shopping is a recent phenomenon that has quickly become a major component of livestreaming as a business tool and sets up a particularly interesting opportunity for Verb.
|
|
Now an article in CNN says Live Stream Shopping could reach $170 Billion this year!
Updated on Sept. 7, 2020, this article confirms how live stream shopping is exploding in China, and you can bet the rest of the world will be racing to take part in this new phenomenon. VerbLIVE is at the right place at the right time as more and more people start to adopt livestream shopping as an eCommerce solution. As the rest of the world starts to adopt live ecommerce, and as competition increases, these new hosts will naturally seek out the best suited platform for live sales.
Now it's becoming very clear why Verb's CEO "Rory Cutaia" recently spoke of his concerns with overwhelming servers as verbLIVE is launched with Salesforce (CRM), the top dog in SaaS cloud providers. - Here's Rory's answer to the last question from Jonathan Hickman on the last conference call. The quote is from the first and last parts of his response: Rory: " As to the Salesforce integration, we’ll begin generating revenue from that, and it’ll be within the universe of potential server use that we feel very, very confident that we can manage right now on the existing infrastructure, that frankly, we planned for when we did our initial modeling around this. However, over the past couple of months, as we continued to assess the market and we see what the response is and update our modeling, it became clear to us that this could be way bigger than what we had originally intended. If we put it out and we get the kind of response that our models are predicting, the thing could just blow up and overload our servers, and people will not have a great experience. I can’t let that happen. That’s why we’re being cautious and doing it the right way."
Now it's becoming very clear why Verb's CEO "Rory Cutaia" recently spoke of his concerns with overwhelming servers as verbLIVE is launched with Salesforce (CRM), the top dog in SaaS cloud providers. - Here's Rory's answer to the last question from Jonathan Hickman on the last conference call. The quote is from the first and last parts of his response: Rory: " As to the Salesforce integration, we’ll begin generating revenue from that, and it’ll be within the universe of potential server use that we feel very, very confident that we can manage right now on the existing infrastructure, that frankly, we planned for when we did our initial modeling around this. However, over the past couple of months, as we continued to assess the market and we see what the response is and update our modeling, it became clear to us that this could be way bigger than what we had originally intended. If we put it out and we get the kind of response that our models are predicting, the thing could just blow up and overload our servers, and people will not have a great experience. I can’t let that happen. That’s why we’re being cautious and doing it the right way."
Can the US Replicate China’s $63B Livestream Shopping Industry?
"Influencers consistently sell out products, crash websites with large volumes of traffic and outperform paid social. The livestream component - coupled with its flash sale mentality - only adds to the power of influencer marketing. It couples a hot tip from your "friend" with a limited time window - there is no stronger case for an online purchase." more
|
|
|
As an e-commerce solution, the combination of verbLIVE's unique interactive links, analytics, back office
integrations and partnership with Shopify, will make VerbLIVE the most powerful platform available today.
integrations and partnership with Shopify, will make VerbLIVE the most powerful platform available today.
|
|
CAT - 5: New Market Acquisitions
The acquisition of SoloFire represents the Next Chapter in Verb's expansion into Health Care
“We are delighted to welcome SoloFire to the VERB family,” said VERB CEO Rory J. Cutaia. "SoloFire’s natural, strategic fit with VERB’s portfolio of sales enablement solutions has made this a compelling acquisition for us. SoloFire platform has some very innovative and compelling capabilities that will serve as the foundation for a new complementary integrated platform designed to serve other markets and other verticals both within and outside of VERB’s current core competencies" "SoloFire has a proven product that increases sales productivity and marketing effectiveness in the healthcare and life sciences space, punctuated by strong relationships with leading medical device and diagnostics companies. We believe that the medical sales segment is one of the largest and fastest growing markets for the sales enablement software industry."
This acquisition also opens many doors into the broader market of Telehealth solutions!
What is Telehealth? The Health Resources Services Administration defines telehealth as the use of electronic information and telecommunications technologies to support long-distance clinical health care, patient and professional health-related education, public health and health administration. Technologies include videoconferencing, the internet, store-and-forward imaging, streaming media, and terrestrial and wireless communications.
CAT - 6: Market Competition & Platform Security
If you’re a company, e-commerce professional, content creator or other organization that relies heavily on TikTok for your marketing purposes, there’s a clear lesson to be learned: you need to diversify your social media strategy—and fast. In fact, that lesson is applicable if you’re solely focused on any single platform. After all, in today’s fast-paced digital culture, you never know when things will change overnight. More
|
#1 - Disruptive Technology
VerbCRM is the Next Evolution in Business Building & Marketing, with Interactive Sales Tools and features that Increase Conversion Rates, address more Markets and Simple to use.
|
|
|
|
#2 - Nuetral Platform
Big Tech has serious issues that are forcing individuals and businesses alike to seek alternative platforms
that appeal to everyone, doesn't censure content, isn't politically biased, doesn't abuse your personal data, provides security and most of all, allows you to grow and control your audience on your terms. |
|
It's painfully obvious that most growing businesses want to remain politically neutral in order to appeal to the largest audience possible. It's hard enough to target your particular demographic, but politically or not, if your platform is running users away, it could reduce your potential audience dramatically.
While many platforms offer a compelling platform for small businesses and entreprenuers, many conservatives are looking for alternative platforms due to political bias. |
|
#3 - TRUST
People put YEARS into building a business that depends on the internet, do you TRUST your primary platform?
|
ONLINE PRIVACY: IT DOESN’T EXIST: Privacy and what we can do about it
|
Bots, Trolls, Algorithms, Data, Shadowbanning, Security.
If your business depends on one social platform as it's primary source to attract customers and generate revenue, does it run the risk of suspension or deletion? Believe it or not, it's happening all the time. Even a simple retweet could put your business in jeopardy. The political world is upside down with fact checkers and things seem to be getting worse every day.
Facebook has a problem with the way they use your personal data, another concern that isn't restricted to just conservatives. Consumer trust should be their highest priority, but sharing user data is another issue of concern.
|
#4 - Privacy
#5 - Security
|
Cyber Security is a big problem too, but Verb has your back!
Security issues are problematic for big tech and many platforms are facing government regulation to curb potential abuse including Amazon, Apple, Twitch, Google, Youtube, Twitter and Facebook, and Facebook could be the biggest loser of all. While they offer a compelling platform for small businesses and entreprenuers, they also have a huge user base for Direct Sales and live streaming too. Verb has targeted the direct sales industry to help build their businesses utilizing multiple channels that doesn't rely on just one platform to engage customers while offering better security and back offices, even for live streaming.
Have you heard about Zoom? they have their share of issues too.
Live stream on Verb's secure platform with the ability to share links on the fly
with colleagues, associates, distributors, students and more. |
|
#6 - SaaS Based Business Model
Verb's Software-as-a-Service doesn't rely on your personal data to generate revenue, solving many issues that are created by offering a free service.
#7 - More Opportunity
While I believe that VerbCRM is the Holy Grail Of Marketing and Sales, that belief was based in part on the ability to click on a convenient link precisely when it was needed, right in the video. BUT, when that simple idea is combined with a CRM, back offices, a shopping cart and a LIVE audience, VerbLIVE becomes an extremely powerful Marketing & Sales tool that gives anyone an unequalled opportunity to rival other broadcast shopping channels.
|
With Verb Live, you are your own Secure Broadcast Network
|
If you find that your platform uses algorithms, abuses your data, practices shadowbanning, or if you just want to connect with people that are tired of all the political noise, you may want to find an alternative platform for your business.
If you've already built a huge following on Facebook it may not be a simple task, but you can certainly reduce potential problems by extending your reach to other channels with Verb. If you are starting out fresh, it's better to do some homework before jumping in bed with big tech. |
#8 - Less Risk & More Flexibiliy
Engage and grow your audience from multiple social platforms while reducing the risk of depending on any single platform.
Alternative Social Media Platforms
Here's some of the Best Social Network Alternatives To Facebook
Here's some of the Best Social Network Alternatives To Facebook
Parler has an alternative to Twitter, but the platform hasn't been up as long and isn't as advanced as Twitter, but it allows users to be in total control of their audience and has simple rules for everyone with no bias regardless of party. Video creaters should also take a look at Rumble, a great alternative to Youtube.
|
Devin Nunes is a big advocate for free speech and uses both Parler and Rumble.
I firmly believe big tech will suffer greatly if they continue to censure content. Users are already leaving abusive platforms and if President Trump were to leave Twitter, most of his 85 + million followers, will follow...
|
|
CAT - 6, 7, 8, 9??? Yes, there are others already in the pipeline, Big Ones!
Even though Verb has already launched the LEARN application for direct Sales, I'm not including eLearning just yet.
|
I'm hoping for another update soon to find out exactly where Verb is with the joint learning app with Salesforce. I do know that Verb had around a hundred school districts testing the app and one deal has been done even though there hasn't been an official launch for the latest version.
The E-Learning Market is poised to grow at a CAGR of around 7.2% over the next eight years. People are foregoing traditional methods of learning due to the benefits of e-learning, which includes convenience and cost savings. Organizations are realizing the same and opting for e-learning initiatives instead of live training events. To give you an idea of the growth that has been occurring, back in 2010 the market size was roughly $32 billion. Not too bad in its own right. However, by 2015 that soared to roughly $107 billion. |
|
Board Members - Verb Direct - Enterprise Clients - SEC Filings - Testimonials - Markets - Progress Reports
|
Investor Relations Contact:
Matt Glover and Tom Colton Gateway Investor Relations 949.574.3860 VERB@gatewayir.com |
Interactive Video Marketing
Follow us on Twitter for the latest developments on Verb's applications @InteractiveVid2 |
Disclaimer
The owner of this site owns stock in Verb Technology Company Inc. and strongly encourages verification of all claims before investing.