LOS ALAMITOS, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a TV show and innovative new platform disrupting the crowd funding industry, today announces its expansion into the telehealth space with the launch of GoodGirlRx.com, a groundbreaking healthcare business in partnership with Savannah Chrisley. This new telehealth initia ...

Demonstrates the Power of Innovative Show Format And Exposure For Reg CF IssuersLOS ALAMITOS, Calif. and LAS VEGAS, March 06, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, the groundbreaking reality TV series and innovative new platform at the intersection of entertainment and entrepreneurship disrupting the crowd funding industry, continues to d ...

LOS ALAMITOS, Calif. and LAS VEGAS, March 06, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, the groundbreaking reality TV series and innovative new platform at the intersection of entertainment and entrepreneurship disrupting the crowd funding industry, continues to demonstrate its impact on emerging businesses. The Show airs weekly on CheddarTV, ...

Core Viewpoint - Verb Technology Company, Inc. is acquiring LyveCom to enhance its MARKET.live platform, positioning it as a leader in AI-powered social shopping and livestream e-commerce [1][9][12] Company Overview - Verb Technology Company operates MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a disruptive crowdfunding platform [1][13] - The acquisition of LyveCom is expected to close within 60 days and will integrate AI-driven video commerce technology into MARKET.live [2][3] Technological Integration - The integration of LyveCom's technology allows brands to deliver an omnichannel livestream shopping experience, engaging customers across various platforms [3][5] - The proprietary technology enables embedding livestreams and shoppable videos on merchant websites without affecting site speed, while also repurposing content from social media platforms [4][11] Market Positioning - The acquisition is seen as a transformative step for MARKET.live, creating one of the most advanced omnichannel video shopping ecosystems in the U.S. [5][9] - Unlike competitors, MARKET.live offers brands full control over their audience and content, leveraging AI to optimize video commerce [5][9] Innovations and Features - New features include one-click simulcasting across multiple platforms, AI-driven video commerce capabilities, and frictionless merchant integration for Shopify sellers [6][11] - The platform will also provide real-time data and analytics to help merchants refine strategies and boost conversions [6][11] Strategic Partnerships - The acquisition will facilitate new partnerships with companies like Tapcart and Klaviyo, expanding MARKET.live's reach into mobile commerce and DTC brands [6][8] Future Growth Potential - The global social commerce industry is projected to exceed $1.29 trillion by 2028, with a CAGR of 13.7%, indicating significant growth potential for AI-powered social selling [10][11] - The addition of LyveCom's technology positions MARKET.live for explosive growth and recurring revenue expansion, particularly among Shopify's 4 million merchants [5][11]

Core Insights - Verb Technology Company, Inc. is launching a new interactive crowdfunding show titled "Go Fund Yourself!" on Cheddar TV, which aims to revolutionize startup funding by allowing viewers to invest in real-time [1][3][5] - The show will air weekly on Thursdays at 7 PM ET, featuring entrepreneurs pitching their businesses to a panel of experts, referred to as "Titans" [3][4] - The show is expected to provide unmatched visibility for participating startups, with episodes broadcast three times a week and extensive promotion across Cheddar's platforms [4][10] Company Overview - Verb Technology Company, Inc. (NASDAQ:VERB) specializes in interactive video-based social commerce, with its flagship platform MARKET.live serving as a multi-vendor livestream shopping destination [11] - The integration of "Go Fund Yourself!" with MARKET.live allows for real-time investments and product sales through interactive on-screen icons, enhancing the user experience [11] Show Details - The expert panel for "Go Fund Yourself!" includes notable figures such as David Meltzer, Jayson Waller, and Rory J. Cutaia, who is also the CEO of Verb [8] - The show aims to democratize investment opportunities, making them accessible to everyday people rather than just insiders [5]

Core Insights - Verb Technology Company, Inc. is launching a new crowdfunding show titled "Go Fund Yourself!" which premieres tonight at 7 PM ET on Cheddar TV [1][3] - The show aims to revolutionize the crowdfunding landscape by allowing real-time investments from viewers [3][10] Group 1: Show Details - "Go Fund Yourself!" will air weekly on Thursdays at 7 PM ET, featuring entrepreneurs pitching their businesses to a panel of experts [3][4] - The show will provide unmatched visibility for startups, with episodes broadcast three times a week and a season-ending marathon [4][10] Group 2: Company Background - Verb Technology Company is known for its interactive video-based social commerce platform, MARKET.live, which integrates with the new show [10] - The company is headquartered in Las Vegas, NV, with production studios in Los Alamitos, CA [10] Group 3: Leadership and Panel - The expert panel includes notable figures such as David Meltzer, Jayson Waller, and Rory J. Cutaia, who is also the CEO of Verb [7] - The show will feature rotating celebrity guests from various industries, enhancing its appeal [7]

Core Viewpoint - Verb Technology Company is launching a new TV show, "Go Fund Yourself," in partnership with Cheddar, aimed at revolutionizing crowdfunding by providing entrepreneurs with a platform to showcase their businesses and connect with potential investors [1][6]. Distribution and Reach - The show will debut on January 30, 2025, airing weekly in a prime-time slot on Thursdays at 7 PM ET, with each episode broadcast three times a week and an end-of-season marathon [2]. - Cheddar's distribution network reaches over 40 million homes and attracts more than 3 million monthly viewers, providing significant visibility for the entrepreneurs featured on the show [1][5]. Show Format and Features - "Go Fund Yourself" combines live presentations from entrepreneurs with interactive technology, allowing viewers to invest in real-time by clicking or scanning onscreen icons [3][9]. - The show features a panel of "Titans," including notable figures from business and entertainment, who will evaluate the entrepreneurs' pitches [4]. Value Proposition - The show offers unprecedented exposure for entrepreneurs seeking funding, enabling them to connect with a nationwide audience and potential investors [5][6]. - By integrating interactive elements, the show allows viewers to engage directly with the presenting companies, enhancing the crowdfunding experience [9].

Core Points - Verb Technology Company, Inc. has announced a new distribution deal with Cheddar for its TV show "Go Fund Yourself," which aims to disrupt the crowdfunding industry [1][6] - The show will debut on January 30, 2025, airing weekly in a prime-time slot, providing significant exposure for entrepreneurs seeking funding [2][5] - The innovative format allows viewers to invest in companies in real-time while watching the show, enhancing engagement and investment opportunities [3][9] Company Overview - Verb Technology Company operates the MARKET.live platform, a livestream social shopping destination that merges e-commerce with entertainment [9] - The company is headquartered in Las Vegas, NV, and has production studios in Los Alamitos, California [9] - The "Go Fund Yourself" show combines interactive TV with crowdfunding, allowing viewers to make investments directly through onscreen icons [9] Industry Impact - The partnership with Cheddar, which reaches over 40 million homes and has more than 3 million monthly viewers, provides unprecedented visibility for featured issuers [1][5] - The show is designed to appeal to a millennial audience, leveraging Cheddar's digital-first approach to engage younger investors [7][8] - By offering a platform for entrepreneurs to present their businesses, the show aims to democratize access to investment opportunities previously reserved for insiders [6][9]

Company Overview - Verb Technology Company, Inc. (NASDAQ: VERB) is a technology company focused on interactive video-based social commerce, operating the MARKET.live platform, which is a leading livestream social shopping destination [2] - The company also runs GO FUND YOURSELF!, an innovative crowdfunding platform that combines an interactive TV show with social media engagement for investment opportunities [2] Recent Events - The CEO of Verb Technology, Rory J. Cutaia, and Lead Director Jimmy Geiskopf participated in a remote Closing Bell ceremony at the F1 Las Vegas Grand Prix on November 22, 2024, which was broadcast live [1][2] - Cutaia expressed honor in joining the Nasdaq team for this special event, highlighting the extraordinary multi-day event organized for Nasdaq-listed issuers [2] Platform Features - MARKET.live allows brands, retailers, creators, and influencers to engage with customers across multiple social media channels simultaneously [2] - GO FUND YOURSELF! enables public and private companies to gain exposure for their crowdfunding offerings, allowing viewers to invest in real-time as they watch presentations [2] - The platform features shoppable onscreen icons that allow viewers to purchase products directly during the show [2] Company Operations - Verb Technology is headquartered in Las Vegas, NV, and operates full-service production and creator studios in Los Alamitos, California, and Philadelphia, PA [2]

Financial Performance - Revenue for the three months ended September 30, 2024, was $128,000, compared to $29,000 for the same period in 2023, representing a significant increase of 341.38%[5] - Operating loss from continuing operations for the nine months ended September 30, 2024, was $(7,934,000), an improvement from $(10,783,000) in the same period of 2023, reflecting a reduction of 26.4%[5] - Net loss for the three months ended September 30, 2024, was $(1,965,000), compared to $(3,709,000) for the same period in 2023, indicating a decrease of 47%[5] - Total costs and expenses for the three months ended September 30, 2024, were $2,440,000, down from $3,419,000 in the same period of 2023, a reduction of 28.6%[5] - For the nine months ended September 30, 2024, the net loss was $7,141, a significant improvement from a net loss of $19,079 for the same period in 2023[21] Assets and Liabilities - As of September 30, 2024, total assets increased to $22.137 million from $10.839 million as of December 31, 2023, representing a growth of approximately 104.0%[12] - Cash reserves rose significantly to $10.515 million compared to $4.353 million at the end of 2023, marking an increase of about 141.0%[13] - Total current liabilities decreased to $3.903 million from $7.188 million, a reduction of approximately 45.9%[15] - Stockholders' equity increased to $18.029 million from $3.125 million, reflecting a growth of about 476.0%[17] - Total liabilities increased from $4,108,000 as of December 31, 2023, to $7,714,000 as of September 30, 2024[16] Cash Flow and Investments - Cash at the end of the period was $10,515, up from $918 at the end of September 30, 2023[21] - The company has cash of $10,515 and short-term investments of $5,077 as of September 30, 2024[31] - The company completed the sale of its SaaS assets for $6,500, with $4,750 received in cash at closing[30] - The company generated $18,596 from the sale of common stock offerings, compared to $6,628 in the previous year[21] Revenue Recognition and Segments - The Company operates through two reportable segments: MARKET.live and Go Fund Yourself, with revenue derived from contract-based recurring fee services and cash fees charged to issuers[41][43][44] - Revenue recognition is based on ASC 606, with significant revenue derived from SaaS application services, digital marketing, and sales support services prior to the sale of the SaaS business[42] - Revenue from MARKET.live is derived from contract-based recurring fee services, including onboarding clients to TikTok Shop and hosting training sessions[43] Strategic Initiatives and Market Conditions - The company aims to enhance its service offerings and launch new product platforms, including MARKET.live, to drive future growth[7] - Management anticipates challenges in maintaining profitable operations and expanding the customer base due to competitive market conditions[7] - The company is focused on increasing strategic relationships to boost revenue from existing partnerships[7] - The company is focused on mitigating risks from unfavorable economic conditions that could impact demand for its products[31] Stock and Equity - The company issued common shares valued at $18,596,000 from public offerings during the nine months ended September 30, 2024[19] - The weighted average number of common shares outstanding for the three months ended September 30, 2024, was 710,106, compared to 27,104 for the same period in 2023, indicating a significant increase in shares[5] - The company redeemed Series C Preferred Shares, resulting in a decrease of 2,105 shares, with a corresponding impact on equity[19] Impairments and Legal Matters - The company recorded an impairment of $5,441,000 related to the sale of its SaaS operating assets, which were sold for $6,500,000[82] - The company has accrued a liability of $584 related to a legal dispute with a former employee, which is currently under appeal[119] Future Outlook - The company has announced a technology integration with Pinterest and plans to expand its social platform access[25] - The MARKET.live platform allows for livestream shopping across multiple social media channels, enhancing user experience and sales potential[25] - The company expects to receive up to $1,750 in additional payments from the sale of its SaaS assets if certain profitability and revenue targets are met within two years[30][34]