SOURCE: U-Vend, Inc.

U-Vend, Inc.

February 11, 2015 08:00 ET

U-Vend, Inc. Acquires Additional Kiosks as West Coast Expansion Continues to Strengthen 2015 Forecast

SANTA MONICA, CA--(Marketwired - Feb 11, 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 acquired an additional ten self-serve kiosks as it continues its expansion in the Southern California marketplace.

"Through a recent transaction with our consumer products partner Mini Melts USA, we have acquired an additional collection of self-serve kiosks that will be installed in strategically-chosen, high-traffic shopping malls and entertainment venues in the Southern California region," stated Raymond Meyers, CEO of U-Vend. "As we have stated previously, our goal is to install an additional one hundred kiosks throughout the SoCal and Las Vegas markets by the end of 2015. Considering the breadth of our installations so far this year, we are growing at a double-digit rate over our previous forecasts," added Meyers. 

Dan Kilcoyne, President of Mini Melts USA stated, "We are very pleased with the number of distribution points U-Vend has acquired for our Mini Melts self-serve kiosks in just the first 45 days of 2015, and we will continue to offer the resources necessary to allow this growth to continue throughout the foreseeable future."

Mini Melts offers a superior frozen ice cream product which is produced utilizing the instantaneous freezing capabilities of liquid nitrogen to ensure that the delicious flavors are "locked in". The ice cream uses an ultra-premium base mix, and the highest quality flavors from around the globe and is available in 10 different flavors including Birthday Cake, Rainbow Ice, Blue Raz, Banana Split, Cookie Dough, Cotton Candy, Mint Chocolate, Cookies and Cream, and of course, vanilla, chocolate and strawberry.

ABOUT MINI MELTS
Mini Melts USA 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 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., 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.

Contact Information

  • For more information:

    Corporate Office
    Tel: (855) 55-UVEND
    Email: Email Contact

    Investor Relations
    Tel: (855) 55-UVEND, ext. 3
    Email: Email Contact