2022-06-30 | NDAQ: VERB | Press release

Featuring over 30 brands and retailers for ‘3 Days of Peace, Love and Live Shopping’

NEWPORT BEACH, Calif., June 30, 2022 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”)the leader in interactive video-based sales enablement applications, including buyable live video, announces that from July 26-28 it will host store party, a live, interactive shopping festival featuring some of America’s most popular brands. The festival marks the official launch of Verb’s MARKET platform. MARKET is a new social shopping and live e-commerce platform that represents the true convergence of live entertainment and shopping, ushering in a new era of online shopping and e-commerce.

Shopfest will feature over 30 brands and retailers, including iconic American luxury fashion brands such as Halstoncelebs’ favorite jewelry on the red carpet Judith Ripcaartisan brand of home and collectibles Longberger, celebrity chef david burque, and many others. In addition, there are over 200 interactive and shoppable stores to explore, some or all of which host their own live shop events or have VOD recordings of their previous live shop events – all of which remain searchable and shoppable on MARKET 24/7.

In addition to participating in a one-of-a-kind shopping experience, shoppers who shop during Shopfest will also have the chance to give back. MARKET has partnered with non-profit Bon360the world’s leader in product philanthropy and targeted donations for the three-day festival, where shoppers can donate directly as part of the live shopping experience or round up their purchases to the next dollar, all proceeds being donated to Good360.

“We’re thrilled to unveil the MARKET live shopping experience to the world during Shopfest,” says Rory J. Cutaia, CEO of VERB. “Building on all the excitement surrounding the 3-day event , we’ll be revealing more Festival attendees each week – and yes, we’re expecting there to be some fun surprises to look forward to.”

MARKET is a 24/7, multi-vendor live shopping platform designed to simultaneously host live shopping sessions by consumer brands, big box stores, boutiques, celebrities, content creators and influencers selling products and services in many categories. Live e-commerce has evolved rapidly in China and, in less than five years, has become a new sales channel that is expected to reach $423 billion this year. While the United States has only recently been exposed to over-the-air shopping, it has already grown to over $25 billion and growth rates are accelerating. VERB’S MARKET will provide US retailers with the most comprehensive online shopping and live streaming platform available today.

RSVP to store party to participate in the cash giveaways event and other sweepstakes at https://shopfest.market.live/.

About VERB

Verb Technology Company, Inc. (Nasdaq: VERB), the market leader in video-based interactive sales applications, 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 subscription-based sales enablement software products. Its software applications are used by hundreds of thousands of people in more than 100 countries and in more than 48 languages. VERB’s customers include large sales-based companies as well as small business sales teams, including professional sports team sales and marketing departments. Of note is its upcoming MARKET, a multi-vendor, multi-presenter, live social shopping platform at the forefront of e-commerce and entertainment convergence. With approximately 170 employees, the company is headquartered in American Fork, Utah, and also has offices in Newport Beach, California.

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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, forecast, indicate results, performance or achievement, and may contain words such as “anticipate”, “expect”, “project”, “plan” or words or phrases of similar meaning. Forward-looking statements in this press release relate to, among other things, the Company’s projected financial performance and operating results, including recurring SaaS revenue, and statements regarding the Company’s progress toward achieving its strategic objectives, including the successful integration and future performance 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 related 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 revenue; the development and delivery of new products, including verbLIVE; our plans and expectations regarding 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 measures; increase competition; general economic, market and business conditions. If any of these risks or uncertainties materialize, or if any of our assumptions prove 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 our quarterly reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from 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 undertake no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

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