VERBW warrants killing it
Big Picture...
Listed on NASDAQ and rang the Opening Bell.
Raised more than $20M in our April common stock public offering, and an additional $5M in our August preferred offering.
Retired all debt, with the exception of approximately $1M of long-term insider non-convertible debt.
Identified, negotiated and closed an accretive $25M acquisition.
Integrated combined teams of more than 110 people, in numerous departments, across two states.
Expanded our application development and design teams.
Expanded our sales and customer success teams.
Combined our technology with that of the company we acquired, redesigned and re-architected our newly combined CRM and next-gen sales enablement platform with our interactive video technology, and launched it in the market.
Launched a new marketing campaign for the new platform, using our own technology, resulting in a rapid increase in sales and new client contracts executed – up 396% in Q3 over Q2.
Our app is now in use in over 60 countries and in more than 40 languages.
Clients reported up to 1100% increases in conversion rates and up to 3300% increases in retention rates.
In just the first 7 months from launch, we garnered more than 12,000 ratings on the Apple App Store and Google Play Store for our new VERB app, white-labelled for clients – 10,500 of which are 5-Star ratings – and 4.9 Stars overall.
Broke a record for total users on the platform – which to date, we increased to over 937,000 on our way to 1M – up over 100% since last year.
Developed and introduced the world’s first live broadcast interactive video webinar platform, launching early 2020.
Launched our LEARN product – part of our new LMS platform and have several enterprise clients that have already signed on.
Launched our in-app sampling feature which has been a great revenue driver. And we’re about to launch in-app purchase capabilities which will create an entirely new revenue stream from both new and existing customers.
Had patents issued and filed new patent applications for some of the innovations we’ve developed, including our new interactive video webinar product – to make sure we properly protect our intellectual property.
Moved our California office from L A and opened our new headquarters in Newport Beach CA.
Launched a new redesigned website.
Added 2 new board members, 2 extraordinarily accomplished women, Judith Hammerschmidt and Nancy Heinen. Judith started her career in The United States Department of Justice, where on behalf of the US govt she negotiated treaties and agreements with foreign governments. In private practice in Washington, DC, she represented global companies as they expanded into highly regulated environments. Her client base included: Guess?, Inc., Pfizer Inc., Merck & Co., Inc., and Herbalife International, Inc., whom she ultimately joined as International Vice President and General Counsel of Europe and then Executive Vice President and International Chief Counsel in 1996, where she was responsible for managing all legal matters across 60 countries.
Nancy Heinen comes to us with more than 25 years’ experience as a senior executive in Silicon Valley, including Senior Vice President, and General Counsel of APPLE. Nancy was recruited by STEVE JOBS personally and spent 16 years as a key member of his core executive team while they turned around Apple’s computer business and launched the iPod, then iTunes, then iPhone, then iPad, then the Apple retail stores.”
