SANTA MONICA, CA--(Marketwired - Jun 3, 2014) - U-Vend, Inc. (OTC Pink: ITMVD) (PINKSHEETS: ITMVD) (the "Company"), a consumer products and technology company 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 announced today the appointment of Kathleen A. Browne as Chief Financial Officer.
"We are very pleased that Kathleen has decided to join the U-Vend team. It was one of our paramount and vital goals that we retain a highly-experienced professional that is familiar with the financial and regulatory distinctions that accompany young, growing and dynamic public companies. In Kathleen, we've certainly succeeded in that objective, and I, along with U-Vend's founder Paul Neelin, look forward to her valuable contributions and fiscal leadership," stated Raymond Meyers, CEO of U-Vend, Inc.
Ms. Browne is a senior financial executive with thirteen years of "Big Four" public accounting experience and over twenty years in executive/officer level finance positions. Prior to joining U-Vend, Inc., Kathleen was owner of K. Browne Consulting, a financial and accounting advisory firm she founded in 2007. From 2004 through 2007, Browne was Chief Financial Officer of NaturalNano, Inc., a publicly traded company based in Rochester, N.Y. From 2001-2004 she was Corporate Controller and Chief Accountant for Paychex, Inc., a NASDAQ-listed payroll processing services company whose revenue exceeded $2.3 billion in 2013. From 1996-2000, Kathleen was Vice President Finance, Controller and Chief Accounting Officer for W.R. Grace & Co., a global leader in the production and sale of specialty chemicals and materials. From 1992-1996, she was Vice President/Director of Finance for Bausch & Lomb, one of the world's largest suppliers of eye health products, which was listed on the NYSE until it was acquired by the private equity firm Warburg Pincus PLC in 2007. Ms. Browne attended St. John Fisher in Pittsford, NY and graduated with a BS Accounting in 1977.
ABOUT U-VEND, INC.
U-Vend, Inc. is currently headquartered in Santa Monica, CA. with additional locations in Stoney Creek, Ontario, Canada, Chicago, IL. and Williamsville, NY. 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 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 Speedemissions' 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.