Company to Create Innovative Line of Ice Cream and Related Consumer Products Targeting Millions of Hockey Fans Throughout North America
SANTA MONICA, CA–(Marketwired – Mar 4, 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 developed a proprietary, premium ice cream novelty product for the retail market called Pucks Premium Ice Cream™ (”Pucks”).
“Pucks is geared to the hockey fan and is a creamy vanilla ice cream dipped in sweet dark chocolate in the shape and color of an actual hockey puck, and is mounted on a collectable replica mini hockey stick. Our intention is to produce the highest quality products for consumers, and we believe that our Pucks Premium Ice Cream™ will establish a branding foundation with which to subsequently launch additional unique consumer goods,” said Paul Neelin, U-Vend Founder and COO, and creator of the Pucks concept.
The Company is currently developing initial points of distribution for Pucks, as well as exploring partnership, licensing and sponsorship opportunities. Initially, Pucks Premium Ice Cream™ will be offered in Canada through U-Vend’s automated retail kiosks and merchandiser freezers located within convenience stores and other high traffic locations. As part of U-Vend’s overall branding initiatives for the Pucks Premium Ice Cream™ line, the Company will add a “red light” to both the automated, self-serve kiosks and merchandisers, simulating the scoring of a goal when a Pucks product is sold.
“The introduction of our innovative Pucks product line represents a strategic entry into the multi-billion dollar North American ice cream market. The Pucks concept brings a wide assortment of potential licensing, sponsorship and related-product opportunities for U-Vend. We are very excited about offering Pucks to the consumer in both the U.S and Canadian markets through multiple sales channels including amateur and professional hockey arenas, local convenience stores, national retail stores and at special events,” stated Raymond Meyers, CEO of U-Vend, Inc.
The Company is scheduled to release the Pucks Premium Ice Cream™ consumer brand for the Canadian market in the second quarter 2015, with the U.S. market to follow. U-Vend intends to build a world-wide category of Pucks Premium Ice Cream™ quality products and merchandise for the consumer markets around the globe.
ABOUT U-VEND, INC.
U-Vend, Inc. is headquartered in Santa Monica, CA, with additional locations in Stoney Creek, Ontario Canada, Chicago, IL., Los Angeles, CA. 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 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.