SOURCE: U-Vend, Inc.

U-Vend, Inc.

January 21, 2016 09:45 ET

U-Vend, Inc. Announces Opening of Custom Kiosk and Product Supply Depot in Las Vegas, Nevada

Continuing Market Expansion Underwrites Company's Third North American Repository

SANTA MONICA, CA--(Marketwired - Jan 21, 2016) - 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 that the Company has opened a custom kiosk and product supply depot in Las Vegas, Nevada. The Las Vegas location represents U-Vend's third U.S. depot, joining existing facilities located in Chicago, IL and Orange, CA.

The Las Vegas depot will initially provide approximately 1,500 sq. ft. of operating space, and will primarily service the greater Las Vegas metropolitan area, where the Company has grown from zero to twenty-five self-serve kiosk machines in just six months. The depot will support the Company's Mini Melts product, in addition to its upcoming line of sport-themed ice cream products.

U-Vend's self-serve kiosks are currently located in big box retailers, shopping malls and entertainment centers throughout Las Vegas. The Company intends to target the over 400 casinos and hotels in the region, as well as other high-traffic venues, for placement of its kiosks and merchandisers.

"I am pleased with the growth we've been able to capture in the Las Vegas market over the past six months. We believe the potential for significant success is attainable as the locations of our Mini Melts offering expand, and our soon-to-be available sport-themed ice cream product lines are introduced," stated Raymond Meyers, CEO of U-Vend, Inc.

The continuing expansion into the Las Vegas market parallels U-Vend's acute business model by targeting strategic geographical locations in which to grow its consumer retail products footprint. The population of the Las Vegas metropolitan area is over 2 million, living in an area just under 140 square miles. In addition, the city of Las Vegas is visited by an estimated 41 million consumers a year, making it one of the top destinations for tourists and retail customers in the world.

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.

Contact Information

  • For more information, contact:

    U-Vend, Inc. Corporate Office
    Tel: (855) 55-UVEND
    Email: Email Contact

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