This week Anchor Jane King, New to The Street TV, welcomes back Mr. John Ricci, Chairman, CEO, and President, Danavation Technologies Corp. (OTCQB: DVNCF) (CSE: DVN). As a leader in providing micro-e-paper displays that update prices and promotions in real-time, John gives examples how the Digital Smart Labels™ (DSL) work for small and large retail businesses. With changing prices due to supply chain disruptions and commodity inflations, retailers need an immediate real-time solution to adjust to pricing externalities. Using Point-of-Sale (POS) systems, retailers and wholesalers can, within minutes, make price changes. Entities no longer need days or weeks of lead time to make changes, significantly diminishing profit margins associated with paper SKUs (Stock Keeping Units) changes. Current employee shortages are another reason that can hamper a retailer from getting price changes implemented on SKUs. Instant updates on a digital smart label are not labor-intensive and can reduce price change mistakes, typical with paper SKUs. John talks about the Company’s most recent installation at Sobeys Inc., a Canadian grocery wholesaler, and why they came to Danavation to solve various challenges for their wholesale operations. John gives viewers his comprehensive marketing strategy, investor proposition, and the expected growth at Danavation Technologies Corp. For more about their DSL solutions, go to the Company website, https://danavation.com/.
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