Venzee Announces Filing of its Financial Statements for the Year Ended December 31, 2017

VANCOUVER, British Columbia, April 27, 2018 (GLOBE NEWSWIRE) -- Venzee Technologies Inc. (TSX-V: VENZ) ("Venzee" or the "Company") reports that it has filed its audited financial statements and related management’s discussion and analysis for the year ended December 31, 2017. Both are available under the Company’s profile on SEDAR at www.sedar.com.

Kate Hiscox, President of Venzee states, “2017 was a transformative year for Venzee as it finished its commercialization and completed the go public transaction in late December which allowed Venzee to commence large scale marketing and sales initiatives in January 2018. We are very pleased with the results to date and continue to see strong industry acceptance by both retailers and suppliers which puts Venzee is a very strong position to grab significant market share.”

First quarter financials will be posted before the end of May 2018 and the Company will host a conference call to discuss Q1 results followed by a Q&A period.

About Venzee

Venzee is a SaaS (software as a service) company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a US$23 trillion retail industry (source: Statista). Traditionally, this was achieved by using spreadsheets, which created a labor-intensive, error inducing process that delayed products from reaching the marketplace. Venzee’s technology streamlines product information management, allowing vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. To learn more about Venzee, visit https://venzee.com.

On Behalf of the Board, Peter Mackay, CEO

ContactInvestor RelationsCaleb JeffriesInvestor Relations, Kin Communications Inc.1-866-684-6730[email protected]

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.

Source: Venzee Technologies Inc.

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