Vejii's B2B Platform VEDGEco.com
Sees a 25% Uptake of Automatic Re-Order Functionality in
January
VEDGEco.com, a wholly-owned
subsidiary of Vejii Holdings is an online distributor for
plant-based foods, servicing restaurants and independent grocers,
and saw nearly 25% of its January repeat customers use the
platform's new automatic reorder functionality
VANCOUVER BC, February 3rd, 2022 -- InvestorsHub NewsWire
-- Vejii Holdings
Ltd. (CSE:VEJI) (OTC:VEJIF) ("the Company'' or "Vejii"), a
North American online marketplace for plant-based and sustainable
products, announced today that through its wholly-owned subsidiary
VEDGEco USA Inc. ("VEDGEco" or "VEDGEco.com"),
the Company launched its improved subscription-based buying
functionality for restaurants and independent grocers across North
America.
"VEDGEco's platform makes it
possible for the restaurants and grocers we serve to enable
automatic re-ordering and ensure that they have the products they
want and need on time for their customers. On-time delivery is
particularly important for restaurants, which often have a set menu
that requires consistent ingredients," said Trevor Hitch, CEO of
VEDGEco. "This functionality not only offers additional savings and
peace of mind to our customers, but also allows us to better
forecast demand and optimize our operations."
With the acquisition of
VEDGEco, the percentage of orders using this automatic
reordering functionality on the platform is continually increasing.
In January alone, Vejii reports that
approximately 25% of its repeat B2B orders were placed using
this subscription service for purchasing.
"There is clear demand from
our B2B clients, as they are not only seeking access to a wide
range of exceptional plant-based products, but also that they are
leveraging tools like our new auto-reorder functionality to ensure
that they can count on consistent, quality service every time,"
said Kory Zelickson, CEO of Vejii.
About Vejii Holdings
Ltd.
Headquartered in Kelowna
B.C, Vejii is a unified digital marketplace and fulfillment
platform featuring thousands of plant-based and sustainable-living
products from a growing list of hundreds of vendors. The platform
offers an easy-to-use, omnichannel experience for both vendors and
buyers, leveraging big data and artificial intelligence to
elegantly connect brands with a targeted consumer base, both
organically and through specialized marketing programs. Dynamic
fulfillment services empower brands to offer tier-one service, with
ongoing engagement being driven through features like smart lists,
subscription programs, reordering functions, sampling programs, and
more.
The Company also owns and
operates the US.-based Veg Essentials, a staple of the plant-based
community. Vegan Essentials was established in 1997 and contributes
more than 20 years of consumer insight, data, and buying power.
VeganEssentials.com was awarded best online vegan store from
2005-2018, as well as best online vegan grocery from 2018-2021 by
VegNews Magazine.
The Company also owns and
operates VEDGEco. Headquartered in Kailua, Hawaii, and launched in
2020 VEDGEco is the first nationwide plant-based foodservice
distributor, providing restaurants with high-quality plant-based
options. With the goal of bringing the freedom of food choice to
all restaurants and businesses, VEDGEco distributes plant-based
products in bulk to the restaurant and wholesale food industry, as
well as to consumers across the US.
For more information please
visit VejiiHoldings.com
ON BEHALF OF THE BOARD OF
DIRECTORS:
Kory
Zelickson
Director and
CEO
For investor inquiries or
further information, please contact:
IR@VejiiHoldings.com
Find Vejii on Social Media:
on Instagram, Facebook, Twitter and LinkedIn
No securities regulatory
authority has either approved or disapproved of the contents of
this news release.
CAUTION REGARDING
FORWARD-LOOKING STATEMENTS
This press release contains
certain forward-looking statements within the meaning of federal
securities laws with respect to Vejii Holdings Ltd (the "Company"),
including statements relating to the Company's future performance;
data shared for reference of subscription sales, market size,
on-boarding of vendors and product categories; and expectations
regarding the Company's rollout plan; and the effect of COVID-19 on
the Company's business. These forward-looking statements generally
are identified by words such as "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
