So much interesting info in the 10-K filing.
https://www.sec.gov/Archives/edgar/data/15666...rm10-k.htm
I really like that they are also looking into on expanding in Korea the 3rd biggest direct sale market in the world (Japan being the 5th biggest).
And so many many verticals that we are going for, that will bring in lots of revenue in our bright future imo:
I also noticed this part and i think thats a very smart move on behalf of VERB:
Great to also read that that they will continue with the big partners this summer again:
and 42% growth on the digital side for 2019 over 2018 is a good start imo.
I expect we'll see the growth continue and i'm very confident we'll see that growth accelerate quickly in the future Q's with all the expansion and new products coming to market.
Lets bring on Q1 now!
https://www.sec.gov/Archives/edgar/data/15666...rm10-k.htm
I really like that they are also looking into on expanding in Korea the 3rd biggest direct sale market in the world (Japan being the 5th biggest).
Quote:We are currently exploring a similar expansion opportunity in Korea, which has the 3rd largest direct sales market in the world .
And so many many verticals that we are going for, that will bring in lots of revenue in our bright future imo:
Quote:Our Market
Our client base consists primarily of multi-national direct sales enterprises to whom we provide white-labeled, client-branded versions of our products. Our clients also include large professional associations, educational institutions, including school districts, auto sales, auto leasing, insurance, real estate, home security, not-for-profits, as well as clients in the health care industry, and the burgeoning CBD industry, among other business sectors . Currently, we provide subscription-based application services to approximately 100 enterprise clients for use in over 60 countries, in over 48 languages, which collectively account for a user base generated through more than 1.3 million downloads of our verbCRM application. Among the new business sectors targeted for this year are pharmaceutical sales, government institutions, and political parties and candidates .
I also noticed this part and i think thats a very smart move on behalf of VERB:
Quote:Non-Digital Products and Services
Historically, we have also provided certain non-digital services to some of our enterprise clients such as printing and fulfillment services. We designed and printed welcome kits and starter kits for their marketing needs and provided fulfillment services, which consisted of managing the preparation, handling and shipping of our client’s custom-branded merchandise they use for marketing purposes at conferences and other events. We also managed the fulfillment of our clients’ product sample packs that verbCRM users order through the app for automated delivery and tracking to their customers and prospects.
However, on February 28, 2020, we executed a letter of intent with Range Printing , a company in the business of providing enterprise class printing, sample assembly, warehousing, packaging, shipping and fulfillment services. Pursuant to the letter of intent, through an automated process we have established for this purpose, Range will receive orders for samples and merchandise from us as and when we receive them from our clients and users, and print, assemble, store, package and ship such samples and merchandise on our behalf. The Range letter of intent provides for a revenue share arrangement based upon the specific services to be provided by Range that is designed to guarantee net revenue to us, maintain our relationship with our clients by continuing to service their non-digital needs, while eliminating the labor and overhead costs associated with the provision of such services by us.
Great to also read that that they will continue with the big partners this summer again:
Quote:We are also in various stages of development, testing and deployment for the integration of our latest generation interactive video and enhanced analytics and reporting technology, and more recently, a core package that includes verbLIVE, into popular CRM providers, including Salesforce, Microsoft, Oracle/NetSuite, and Adobe/Marketo, among others with whom we have executed partnership agreements. Each of these agreements provides for revenue share arrangements resulting from sales of our product to their respective clients. The integrations for Salesforce and Microsoft represent new build integrations, while those for Oracle/NetSuite and Adobe/Marketo represent replacement integrations. We have intentionally, though temporarily, delayed further action on and deployment of these integrations in order to allocate design, engineering and development resources to those initiatives that we believe will become revenue producing opportunities sooner, especially those that we believe will likely produce greater market demand due to the current and anticipated continued effects of the COVID-19 pandemic. We expect to resume action on and deployment of these integrations in the summer of 2020 .
and 42% growth on the digital side for 2019 over 2018 is a good start imo.
I expect we'll see the growth continue and i'm very confident we'll see that growth accelerate quickly in the future Q's with all the expansion and new products coming to market.
Lets bring on Q1 now!
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