Verb Technology Highlights Strong Start to 2021 and Growth Potential of its Livestream eCommerce App Platform in April 2021 Shareholder Letter

• Q1 2021 unaudited projected results indicate more than 30% SaaS recurring revenue growth year over year
• Microsoft Outlook integration with VERB’s interactive video sales technology now in public beta testing, with imminent commercial release
• New product initiatives for verbLIVE to build leadership in growing and lucrative livestream ecommerce market
• verbLIVE now fully integrated with the Salesforce platform and available on Salesforce AppExchange; winner of the Salesforce AppExchange Demo Jam Contest for best Salesforce productivity app
• Accretive Solofire acquisition provides immediate entry into attractive healthcare and life sciences market
• 2020 SaaS recurring revenue up 82% year over year; total VERB platform user downloads up 250% to 1.93 million

NEWPORT BEACH, Calif. and SALT LAKE CITY, April 26, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, released a letter to shareholders from Chairman & CEO Rory J. Cutaia. The complete letter, dated April 23, 2021, follows:

Dear Friends and Shareholders,

I wanted to take this opportunity to share my excitement with you as we drive toward the realization of our shared vision for your company – yes - your company – VERB is as much your company as it is ours. I’m referring to the vision that launched a multi-year journey culminating in the development of assets and the commercial release of products that we believe will produce both near-term and long-term value for you, our shareholders, whom we consider our co-owners, as well as for ourselves. Meaningful value. Indeed, virtually all of us here at VERB are shareholders, and as such, our interests are in complete alignment with yours.

Here’s what I will cover in this update:

1. Our 2020 Report Card – Performance Quantified and Achievements Recognized.
   
   
2. Our 2021 Performance Outlook – $15M more cash in the bank and Q1 off to an impressive start.
   
   
3. verbLIVE – The burgeoning market for livestream ecommerce coupled with accelerating changes in consumer behavior, and why I believe we are well positioned to lead this exciting and lucrative new ecommerce phenomenon.
   
   

1. Our 2020 Report Card
   
   
   • 2020 SaaS Recurring Revenue – Up 82% over the prior year. The amount and rate of growth of SaaS recurring revenue are the most important measures of value for any software business. While we believe our 2020 rate of growth in our core business was impressive, especially in light of the challenges imposed by a global pandemic, we anticipate even greater growth this year.