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verb inspire - action VERB Beats Guidance - Reports Strong SaaS Recurring Revenue Growth for First Quarter 2021 SaaS recurring revenue up 38 % year over year and 12 % sequentially Total digital revenue up 24 % year over year and 18 % sequentially $ 15.0M gross proceeds from registered direct offering of straight common shares closed in March 2021 Exhibit 99.1 Microsoft Outlook integration now in public beta testing ; commercial release imminent verbTEAMS with verbLIVE launched in January , a CRM and content management solution with livestream selling feature for small businesses and solopreneurs VERB platform continues to gain traction and grow user downloads – now more than 2 million downloads ( as of 5.11.21 ) Ranked # 1 among sales platforms for direct sales by leading industry publication NEWPORT BEACH , CA and SALT LAKE CITY , UT , May 13 , 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 , today reported financial and operating results for quarter ending March 31 , 2021 . Management Commentary " Live stream ecommerce is coming to America it's going to marginalize most other forms of online commerce and with our verbLIVE technology and related software products , we intend to be at the forefront of this massive shift , " said Rory J. Cutaia , CEO of VERB . “ As I mentioned in our recent Letter to Shareholders in April , first quarter 2021 saw us sign the first of what we expect to be many new clients , each of which could generate $ 1 million in annual recurring revenue driven entirely by our verbLIVE products , as we now have many more in our sales pipeline . This year we're seeing the average client and deal size increase dramatically , as our new products , coupled with increased awareness from solid marketing , allow us to target and attract larger businesses . We're also adding many more salespeople as we have a clearly defined and accelerated path to ROI per sales rep . Our improved product development processes and more rapid product delivery cycles , together with new anticipated cost savings coupled with expected new revenue catalysts , have allowed us to begin formulating a plan that we believe will reduce our burn , quarter over quarter , reduce our reliance on outside capital , and move toward cash flow positive status .