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| New and continued expansion into California is a multi million opportunity for UVND |
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 Hot Stock to Watch |
Company: U-Vend Inc. (OTCQB: UVND)
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Close:
Price: 0.155
Change (%): + 0 (0.00)
Volume: 1,000 |
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U-Vend, Inc. Continues Expansion in Southern California Market With Next Wave of Self-Serve Kiosks
SANTA MONICA, CA-(Marketwired - Jan 28, 2015) - 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 they have ordered and taken delivery of the next wave of new, self-serve Mini-Melts kiosks to the Southern California market as part of the Company’s tactical expansion plans.
“We acquired the Southern California and Las Vegas territory rights in October 2014, for the purpose of aggressively expanding our presence in these markets. I believe that the SoCal region alone constitutes a multi-million dollar opportunity, consisting of not only our self-serve kiosk network, but also the tremendous prospects we have identified in the wholesale markets for both Mini-Melts and the other products in our portfolio. We remain steadfast in our goal this year of increasing our installed base of self-serve kiosks by a minimum of one hundred kiosks throughout these two territories,” stated Raymond Meyers, CEO of U-Vend.
The Company has also announced that they are in the final stage of development of their next generation of self-serve electronic kiosks employing touch screens, digital product catalogues and integrated content management systems - meaning the vending machines can be fully-managed remotely, allowing kiosk operators the ability to go online and check sales, bank deposits, inventory controls, change advertisements and promotions on the digital screen, and re-order new stock around the clock, from anywhere, anytime.
“We are very excited about this industry and the growing number of national and regional companies that are looking to economically extend their brand and retail presence. The consumer retail market is also transforming, consumers now have access to more information at their fingertips than ever before, making them smarter and more efficient shoppers. Consequently, we are witnessing an active and tangible shift in the shopping patterns of consumers in the retail environment - the result of which is an increasing desire for ‘frictionless transactions’. These developments, coupled with our emerging digital technology and consumer product partnerships, are what we believe make U-Vend’s value proposition so meaningful,” added Meyers.
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