U-Vend, Inc. (OTC Pink: UVND) (PINKSHEETS: UVND) (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, is pleased to announce the installation of an additional thirty advanced Mini-Melt self-serve vending kiosks in Wal-Mart stores and entertainment centers throughout the greater Chicago, IL. area.
With today's announcement, U-Vend's total installed base of Mini Melt kiosks in the Chicago region is now at seventy-five, the majority of which are located within Wal-Mart venues. Furthermore, the Company has expanded the refrigeration and storage capacity at its Chicago depot to manage the new kiosks, as well as the anticipated future roll-out of additional machines.
"We're delighted to announce the placement of another thirty Mini Melt machines in Chicago as we continue to develop our brand and increase the number of U-Vend kiosks in the region," stated Raymond Meyers, U-Vend, Inc. CEO. "In addition, we are cultivating a number of revenue-meaningful relationships with both national and international footprint implications, as the cost-savings attributes and stand-alone applications for our self-serve, electronic kiosks continue to appeal to numerous consumer/retail industries," added Meyers.
In October 2013, U-Vend signed an Operator Agreement for the distribution and sale of Mini Melts USA products throughout the greater Chicago, Illinois region. Mini Melts offers a superior frozen ice cream product which is produced utilizing the instantaneous freezing capabilities of liquid nitrogen to ensure that the delicious flavors are "locked in". The ice cream uses an ultra-premium base mix, and the highest quality flavors from around the globe and is available in 10 different flavors. For more information, visit: http://www.minimelts.com/home/index.php
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 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.
For more information:
Tel: (855) 55-UVEND
Tel: (855) 55-UVEND, ext. 3
SOURCE: U-Vend, Inc.