|By Marketwired .||
|October 19, 2016 09:45 AM EDT|
SANTA MONICA, CA -- (Marketwired) -- 10/19/16 -- U-Vend, Inc. (OTCQB: UVND) (the "Company"), a consumer products and technology company that develops, distributes, and markets next-generation self-serve electronic kiosks and merchandisers with a digital advertising component across North America, today announced that its new "Grab It-Taste It-Love It" Mini Melts ice cream merchandiser program, specifically targeted for smaller consumer retail locations, is realizing significant demand in just the first few months of its launch.
"We are very encouraged with the reception we are seeing in the market for our Grab It-Taste It-Love It" Mini Melt retail merchandisers," stated Raymond Meyers, U-Vend, Inc. CEO. "Since we announced the initial placement of 45 merchandisers in our first target market of Southern California in mid-August, we've secured an additional 75 locations, bringing our total coverage to 120 locations, as of today. This represents a significant lift in the number of merchandisers, and puts us well ahead of our stated goal of adding one new customer a day and 500 by the end of 2017. In addition, the growth and reputation of our brand is providing U-Vend with additional revenue and partnering opportunities we hope to announce shortly," added Meyers.
U-Vend, Inc "Grab It-Taste It-Love It" Merchandiser Program
The program is aimed at high-traffic establishments such as convenience stores, fast food locations and gas stations that are not large enough to support the placement of a large vending machine, but will support the addition of a lower cost, high-margin product sales solution such as the U-Vend merchandiser. The Company's merchandiser freezer comes in two sizes, 5.2 cubic ft. and 3.5 cubic ft. and hold between 100-200 units of pre-cup Mini Melts ice cream.
Initially launched in certain regions of Southern California, U-Vend expanded the program to include all of Southern California and its Las Vegas market.
For retailers interested in learning more about U-Vend's new Mini Melt "Grab It-Taste It-Love It" merchandiser program, please call (657) 333-0747 or email [email protected].
ABOUT U-VEND, INC.
U-Vend, Inc., headquartered in Santa Monica, CA., and with offices in Ontario, Canada, Orange, CA and Las Vegas, NV., is a consumer products and automated retailing company specializing in the creation, marketing and sales of unique ice cream and related food products which are distributed to the retail markets utilizing various "next-generation" self-serve electronic kiosks throughout North America. The Company owns and operates kiosks, and has partnered with numerous national consumer product companies to deliver new and innovative customer retail experiences in automated "frictionless" settings. For more information on U-Vend, visit www.u-vend.com or call (855) 55-UVEND.
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.
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