SOURCE: U-Vend, Inc.

U-Vend, Inc.

December 03, 2014 07:30 ET

U-Vend, Inc. Begins National Roll-Out of Del Monte Foods Branded Self-Serve Kiosks and Merchandisers

Company Pursues North American Leadership Role in Healthy Vending Marketplace

SANTA MONICA, CA--(Marketwired - Dec 3, 2014) - 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 as Del Monte® Foods' exclusive U.S. provider of its healthy fruit snack and squeezer self-serve kiosks and merchandisers, the Company has begun the roll-out of its kiosks in the Chicago, IL territory. 

"This represents the first installation of Del Monte Foods' healthy fruit snack and squeezer vending kiosks in the USA, and we are eager to showcase to consumers the high-quality, healthy products available from Del Monte Foods," stated Paul Neelin, Chief Operating Officer of U-Vend, Inc. "The transition to healthy vending is evident, and the industry shift is being shaped by passionate consumer demand. Consumers are much more informed now, and they are looking for healthy food choices throughout the day. U-Vend is positioning itself to become a recognized industry leader and fulfill that demand with strong, globally-recognized partners," added Neelin. 

U-Vend, Inc.'s agreement with Del Monte Foods was previously announced on October 14, 2014 and provides the Company with the exclusive right to install U-Vend self-serve kiosks and merchandisers retailing Del Monte Foods' line of fruit snacks and squeezers, such as Del Monte Foods Fruit Naturals® cups and Del Monte Foods Fruit Burst® squeezers, in high-traffic retail settings across the U.S. 

Del Monte Foods Fruit Naturals® cups: www.delmonte.com/snacks/refrigerated-fruit
Del Monte Foods Fruit Burst® squeezers: www.delmonte.com/fruits/fruit-burst-squeezers

The Del Monte Foods self-serve kiosks can be fully-managed remotely, allowing kiosk operators the ability to go on-line and check sales, bank deposits, inventory controls, change advertisements and promotions on the digital screen, and reorder new stock around the clock, from anywhere, anytime. 

ABOUT DEL MONTE® FOODS
Headquartered in San Francisco, CA, Del Monte Foods, Inc. is one of the country's largest producers, distributors and marketers of premium quality, branded food products for the U.S. retail market. Del Monte Foods brands include Del Monte®, Contadina®, College Inn®, S&W® and other brand names. The company also produces and distributes private label food products. For more information, visit www.delmontefoods.com.

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 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.

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