SANTA MONICA, CA--(Marketwired - Jan 28, 2015) - U-Vend, Inc. (OTCQB: UVND) (the "Company"), a consumer products and technology company that develops, distributes and markets next-generation self-serve electronic kiosks in a variety of retail environments across North America announced today that they have ordered and taken delivery of the next wave of new, self-serve Mini-Melts kiosks to the Southern California market as part of the Company's tactical expansion plans.
"We acquired the Southern California and Las Vegas territory rights in October 2014, for the purpose of aggressively expanding our presence in these markets. I believe that the SoCal region alone constitutes a multi-million dollar opportunity, consisting of not only our self-serve kiosk network, but also the tremendous prospects we have identified in the wholesale markets for both Mini-Melts and the other products in our portfolio. We remain steadfast in our goal this year of increasing our installed base of self-serve kiosks by a minimum of one hundred kiosks throughout these two territories," stated Raymond Meyers, CEO of U-Vend.
The Company has also announced that they are in the final stage of development of their next generation of self-serve electronic kiosks employing touch screens, digital product catalogues and integrated content management systems -- meaning the vending machines can be fully-managed remotely, allowing kiosk operators the ability to go online and check sales, bank deposits, inventory controls, change advertisements and promotions on the digital screen, and re-order new stock around the clock, from anywhere, anytime.
"We are very excited about this industry and the growing number of national and regional companies that are looking to economically extend their brand and retail presence. The consumer retail market is also transforming, consumers now have access to more information at their fingertips than ever before, making them smarter and more efficient shoppers. Consequently, we are witnessing an active and tangible shift in the shopping patterns of consumers in the retail environment -- the result of which is an increasing desire for 'frictionless transactions'. These developments, coupled with our emerging digital technology and consumer product partnerships, are what we believe make U-Vend's value proposition so meaningful," added Meyers.
ABOUT U-VEND, INC.
U-Vend, Inc. is headquartered in Santa Monica, CA, with additional locations in Stoney Creek, Ontario Canada, Chicago, IL., and Las Vegas, NV. U-Vend develops, distributes and markets various next-generation, self-serve electronic kiosks in a variety of retail locations in North America. The Company owns and operates kiosks and has partnered with numerous national consumer product companies such as Mini Melts USA, Del Monte and Arthur's Smoothies, 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.