SANTA MONICA, CA, United States, via ETELIGIS INC., 10/28/2014 – – U-Vend, Inc. (OTCQB: 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, announce today that they have acquired territory rights from Mini Melts USA, Inc. for the placement and operation of Mini Melts self-serve kiosks and establishment of wholesale operations in California and Nevada.
“This is a significant event in our young operating history,” stated Raymond Meyers, CEO of U-Vend, Inc. “This agreement will allow us to expand our distribution points within two active and high-traffic markets comprised of over 28 million consumers. These two regions, consisting of the ten counties in Southern California, and the greater Las Vegas area, are perfect environments for the continuing expansion of our Mini Melts brand of self-serve kiosks,” said Meyers.
As part of this agreement, U-Vend has committed to, and will be installing, a minimum of 100 additional new Mini Melt kiosks in strategic locations within these territories over the next 24 months. To service and support this growth, as well as the placement of its other self-serve kiosk and merchandiser brands, the Company has recently established a refrigeration and storage depot in the Los Angeles area.
“The installation of an additional minimum one hundred kiosks and our ability to wholesale the Mini Melts product to theatres, zoos, ballparks, festivals and other large entertainment venues will give us added exposure and growth to our revenue stream. In addition, when you consider the well-known branding partners we are currently working with, and the others that we are speaking to, we believe that our presence in these markets will become even larger,” added Meyers.
Counting U-Vend’s existing operation in Chicago, IL., today’s announcement represents the second and third large-market regions that the Company has entered into this year.
ABOUT MINI MELTS USA, Inc.
Mini Melts USA, Inc. operates as the exclusive licensee of Mini Melts Inc., an INC. 500 Company, to produce Mini Melts® ice cream in the United States. Mini Melts Inc. owns the manufacturing equipment and facility in Norwich, Connecticut and Mini Melts USA operates this facility under this exclusive license. For more information, visit http://www.minimelts.com/home/index.php.
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 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.
For more information:
Tel: (855) 55-UVEND
Tel: (855) 55-UVEND, ext. 3
SOURCE: U-Vend, Inc.