SANTA MONICA, CA–(Marketwired – Jun 25, 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, is pleased to announce that it has placed an additional twenty-four Mini-Melt self-serve kiosks within its Southern California market, and as a result, remains ahead of schedule in its goal of installing a minimum of one hundred new machines in this territory by the end of 2016.
“We are very pleased with the reception we’ve received in the Southern California market, as well as with the financial performance being recorded since entering this region just eight months ago. We now total 54 self-serve kiosks strategically located in high-traffic areas and will continue to expand our presence within our targeted markets,” stated Raymond Meyers, CEO of U-Vend, Inc.
Last October, U-Vend acquired territory rights from Mini Melts USA, Inc. for the placement and operation of Mini Melts self-serve kiosks, and establishment of wholesale operations within ten counties in Southern California and the greater Las Vegas area. As part of that agreement, U-Vend committed to installing a minimum of 100 additional new Mini Melt kiosks within these territories over the next 24 months. These two markets alone contain over 28 million consumers, and provide exemplary environments for the continuing expansion of the Company’s Mini Melts self-serve kiosks.
Earlier in the year, the Company prepared for this growth by expanding the capacity of their depot, located in Orange, CA, as well as adding additional vehicles to assist with kiosk maintenance, customer service and new client installations.
ABOUT U-VEND, INC.
U-Vend, Inc., located in Santa Monica, CA, 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.
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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.