TORONTO, June 5, 2017 /CNW/ - PUDO Inc. ("PUDO" or the "Company") (CSE: PDO; OTCQB; PDPTF), announced today that it has entered a three-year agreement with Metro Logistics Inc. ("Metro"), part of the Metro Supply Chain Group.
Pursuant to the agreement, PUDO will provide Metro's online retail customers with additional choices for convenient delivery locations in Canada. Utilizing PUDO's integrated FUSE API software and a rapidly growing network of PUDOpoints, the service provides a new ease of pick-up and return for online purchasers.
"With Metro's experience in eCommerce fulfillment, and their commitment to custom solutions, this partnership will allow Metro to offer the most efficient and cost effective delivery path between their online retailers and customers final delivery destination of choice", said Frank Coccia, Founder and Chief Executive Officer of PUDO Inc. "Our agreement with Metro is an amazing step forward for Metro's eCommerce retailers as well as for the evolution of the PUDO brand."
Metro's Head of eCommerce Development, Tony Jasinski, agrees: "Delivery, which includes convenience, is such an important facet of today's direct-to-consumer brands. PUDO's shared resource network model represents the kind of innovation we look for in terms of giving our retail clients an edge in a very competitive space."
About Metro Logistics Inc., part of Metro Supply Chain Group
The Metro Supply Chain Group of Companies is a Canadian-owned leading provider of third-party logistics (3PL) services across North America and Europe with more than 5,000 associates in the team. It supplies customized services to all industry sectors with a significant presence in the consumer packaged goods, retail and automotive sectors. The Group manages over 12 million sq. ft. of strategically located warehousing and co-pack centres and has transportation solutions that include managed transport services, dedicated fleet management and global time critical logistics response. For more information, visit metroscg.com.
About PUDO Inc.
Founded in 2015, PUDO Inc. is developing North America's only "carrier-neutral" parcel pick-up/drop-off network. No other company in North America offers staffed retail locations; open for extended hours, to receive consumer deliveries by any carrier. PUDOpoints include convenience stores, gas station mini-marts, and grocery stores.
Through the PUDOpoint™ network, consumers can control parcel deliveries – receiving online parcels wherever they want, whenever they want – a fully customizable and convenient method of delivery. When packages arrive at the chosen PUDOpoint, customers are automatically notified via text or email that their package has arrived and is ready for pick-up. eCommerce companies and other shippers utilizing PUDO can save on residential "last mile" delivery costs. Consumers can avoid the frustration and inconvenience of missed or stolen deliveries. The final destination of the parcel becomes the safe, staffed retail environment of a PUDOpoint.
With a growing network of PUDOpoint locations across the U.S. and Canada, PUDO is revolutionizing the North American parcel shipping model. PUDO was recently named one of the Top 20 most innovative public technology companies by the Canadian Innovation Exchange. For more information, please visit: www.pudoinc.com or www.pudopoint.com. Follow PUDO on Facebook and Twitter.
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. The use of any of the words "anticipate", "believe", "expect", "plan", "intend", "can", "will", "should", and similar expressions are intended to identify forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking statements in this press release include, without limitation, statements with respect to the relationship between PUDO and Metro and its results. Assumptions used by the Company in developing such forward-looking information include, without limitation, the expected benefits of the agreement between PUDO and Metro. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, without limitation, uncertainties with respect to service implementation, the economic results of the relationship on the operations of the Company, changes in general economic, market, or business conditions, and those risks set out in the Company's public documents filed on SEDAR. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by law.
SOURCE PUDO Inc.
For further information: PUDO Inc., please contact: Karen Speight, Direct: 1-506-694-1250, [email protected]; Metro Logistics Inc., please contact: Tom Prittie, Direct: 1-416-605-8874, [email protected]