SANTA MONICA, CA--(Marketwired - Aug 15, 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 and merchandisers with a digital advertising component across North America, today announced that its new "Grab It-Taste It-Love It" distribution program has realized impressive growth, having already placed a total of forty-five of its new Mini Melts merchandisers at strategic retail locations in Southern California during the first six weeks of its launch.
"We are very pleased with the market demand for our new merchandiser freezers that offer consumers access to our Mini Melts line of premium ice cream. Not every retail location is capable of adding one of our large self-serve kiosk vending machines, but with our right-sized merchandiser, there are potentially thousands of high-traffic locations in our territories that we can place our merchandiser freezers," stated Raymond Meyers, CEO of U-Vend, Inc. "The product placement we've been able to achieve in the initial few weeks has been extremely impressive, and we are looking forward to the continuing build-out of this innovative product distribution channel," added Meyers.
The "Grab It-Taste It-Love It" retail placement initiative commenced in mid-June, and with it, a corporate goal of adding approximately one merchandiser per day and five hundred by the end of 2017. The program is aimed at high-traffic establishments such as convenience stores, fast food locations and gas stations that are not large enough to support the placement of a large vending machine, but will support the addition of a lower cost, high-margin product sales solution such as our merchandiser. The Company's merchandiser freezer comes in two sizes, 5.2 cubic ft. and 3.5 cubic ft. and hold between 100-200 units of pre-cup Mini Melts ice cream.
"With the introduction of this program, it brings the total number of revenue channels for our Mini Melts ice cream product to three, including the sales though our expanding channel of 138 self-serve kiosks, as well as our direct sales to large wholesale accounts," added Meyers.
Initially launched in certain regions of Southern California, U-Vend expanded the program to include all regions of Southern California, as well as its Las Vegas territory. U-Vend is continuing to explore opportunities to expand the program to other additional geographical regions not currently served by the Company.
For retailers interested in learning more about U-Vend's new Mini Melt "Grab It-Taste It-Love It" merchandiser program, please call (657) 333-0747 or email firstname.lastname@example.org.
ABOUT U-VEND, INC.
U-Vend, Inc., headquartered in Santa Monica, CA., and with offices in Oakville Ontario, Canada, Orange, CA and Las Vegas, NV., 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.