SANTA MONICA, CA--(Marketwired - Oct 14, 2014) - U-Vend, Inc. (OTC Pink: UVND) (PINKSHEETS: UVND) (the "Company"), a consumer products and technology company driven by innovation that develops, distributes and markets various next-generation self-serve electronic kiosks in a variety of locations including grocery stores, drug stores, mass merchants, malls, and other retail environments across North America, is pleased to announce today that they have been named the exclusive provider of Del Monte® branded self-serve kiosks and Del Monte® branded merchandisers within the U.S. marketplace.
"We are very excited to partner with Del Monte Foods, Inc., a globally-known and respected company whose premium products have been enjoyed by individuals and families for many, many generations. This relationship is consistent with our goal of becoming a leading provider of high-quality consumer products utilizing the widespread, strategic placements of our next-generation, self-serve kiosks and merchandisers across the country," stated Raymond Meyers, Chief Executive Officer of U-Vend, Inc.
The agreement gives U-Vend the exclusive ability to install their self-serve kiosks and merchandisers retailing Del Monte Foods' line of healthy snacks and squeezers, such as Del Monte® Fruit Naturals® cups and Del Monte® Fruit Burst® squeezers, in high-traffic settings across the U.S., including, but not limited to, schools and universities, convenience stores, hospitals, airports, mass merchants and shopping malls.
Del Monte® Fruit Naturals® cups: www.delmonte.com/snacks/refrigerated-fruit
Del Monte® Fruit Burst® squeezers: www.delmonte.com/fruits/fruit-burst-squeezers
Del Monte Foods, Inc. is one of the country's largest producers, distributors and marketers of premium quality, branded food products for the U.S. retail market. The Company also produces and distributes private label food products. Del Monte brands include Del Monte®, Contadina®, College Inn®, S&W® and other brand names.
"We are very much looking forward to developing our relationship with U-Vend, and are eager to provide consumers all across the country with convenient access to the Del Monte brand of healthy snacks and squeezers," stated Al Calabrese, National Sales Manager for Del Monte USA.
The Del Monte self-serve kiosks can be fully-managed remotely, allowing kiosk operators the ability to go on-line and check sales, bank deposits, inventory controls, change advertisements and promotions on the digital screen, and reorder new stock around the clock, from anywhere, anytime.
ABOUT DEL MONTE®
Headquartered in San Francisco, CA, Del Monte Foods, Inc. is one of the country's largest producers, distributors and marketers of premium quality, branded food products for the U.S. retail market. The Company also produces and distributes private label food products. For more information, visit www.delmontefoods.com.
ABOUT U-VEND, INC.
U-Vend, Inc. is headquartered in Santa Monica, CA, with additional locations in: Stoney Creek, Ontario, Canada and Chicago, IL. U-Vend develops, distributes and markets various "next-generation" self-serve electronic kiosks in a variety of locations ranging from grocery stores, drug stores, mass merchants, malls, and other retail locations in North America. The Company owns and operates kiosks with a particular focus on "Healthy Vending" and has partnered with numerous national consumer product companies to deliver new and unique customer retail experiences in an automated setting. For more information on U-Vend, visit www.u-vend.com.
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Forward Looking Statements
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to market acceptance for the Company's products and services, its ability to succeed in increasing revenues in the near term to attain profitable operations and generate sufficient cash flow from operations, the effect of new competitors in its markets, its integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K which are available at the SEC's website www.sec.gov. Other factors not currently anticipated may also materially and adversely affect U-Vend's results of operations, financial position, and cash flows. There can be no assurance that future results will meet expectations. While the Company believes that the forward-looking statements in this news release are reasonable, the reader should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. The Company does not undertake, and expressly disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
