SOURCE: U-Vend, Inc.

U-Vend, Inc.

January 26, 2016 13:15 ET

U-Vend, Inc. Opens Fourth Corporate Depot to Service Expansion Into Canadian Market

New Facility to Support NHL® Partnership, Product Distribution and Digital Advertising Operations

SANTA MONICA, CA--(Marketwired - Jan 26, 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 located in Oakville, Ontario, Canada, just outside of Toronto. The Canadian location is U-Vend's fourth depot, the first outside of the U.S., joining existing facilities located in Chicago, IL and Orange, CA and Las Vegas, NV.

U-Vend's new Canadian depot will provide approximately 1,000-square feet of operating office space, 2,000-square feet of warehouse space, and will primarily service the greater 12.1 million populated Southern Ontario market. The depot will also serve as the main offices for U-Vend's North American digital advertising operations.

In addition, the Oakville-based location will support U-Vend's previously announced licensing partnership with the NHL®, as the Company will soon be launching its Frozen Pond Premium Ice Cream™ product in the Canadian market. Beginning this spring, fans will be able to purchase the ice cream bars featuring NHL-branded "Collector Hockey Sticks" at the Company's self-serve kiosks, merchandisers and countertop freezers, which will be located in high-traffic, consumer venues throughout the Toronto and Southern Ontario regions.

"We are very excited with the opening of our Canadian depot as we prepare not only to introduce Frozen Pond Premium Ice Cream™, our initial sport-themed ice cream product, but also as we begin building the infrastructure of our digital advertising operations that will integrate with our self-serve kiosks and merchandisers," stated Paul Neelin, COO of U-Vend, Inc.

"The addition of our fourth product distribution depot is yet another key development, in a series of events, that will facilitate our strategic entry into the multi-billion dollar North American ice cream market," stated Raymond Meyers, CEO of U-Vend, Inc. "We are excited to be entering the Canadian market with a licensing agreement with the NHL, and look forward to bringing hockey fans across Canada our Frozen Pond Premium products," added Meyers.

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.

NHL and the NHL Shield are registered trademarks of the National Hockey League. © NHL 2016. All Rights Reserved.

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