PUDO Inc. Announces Milestone of 700 Locations at New York Private Investor Association


TORONTO, March 22, 2016 /CNW/ - PUDO Inc. ("PUDO" or the "Company") is pleased to announce that the Company has reached the milestone of over 700 PUDOPoint™ locations in Canada and are on track to have over 1,500 operating locations by August 2016. PUDO Chief Executive Officer, Frank Coccia presented to The Harvard Investors Group, a well-known and established New York private association, where he shared the news with investors and industry influencers. 

"The PUDO parcel solution is being quickly embraced by Canadian consumers looking for secure and convenient package delivery," stated Frank Coccia. "PUDO has the first mover advantage for investors and is establishing itself in Canada with over 2,000 locations applying for PUDOPoint counters."

Mr. Coccia continued, "Our partnership with Canpar is allowing us to rapidly expand the network with a reliable and efficient courier. Thanks to Canpar, a growing number of consumers are experiencing the ease of picking up parcels at their convenience."

Laurie Stoneburgh, Vice President Sales and Customer Service for Canpar Courier commented "Canpar is now gaining the first courier advantage in Canada and our partnership with PUDO gives us a Canada-wide network that enables us to attract more retail customers on to our system and provide their customers with convenient pickup points for their parcels."

About PUDO Inc.

PUDO is the last mile delivery solution for parcel pick-up and drop-off services, ensuring reliable and secure delivery where you want it, when you want it. Using easily-accessible PUDO PointTM locations such as convenience stores, gas stations and grocery stores with extended hours, PUDO members, participating e-commerce retail consumers, businesses and a home-based workforce can now pick-up their parcels anytime, including evenings and weekends. PUDO eliminates the frustration of missed deliveries and gives control over parcel pick-up and delivery back to its members. With user-friendly technology, free membership and thousands of PUDO PointTM locations across Canada and the U.S., PUDO is changing the parcel delivery model in North America. PUDO was named one of the top 20 most innovative public technology companies by the Canadian Innovation Exchange in 2015. For more information, please visit: www.pudoinc.com or www.pudopoint.com

This press release contains forward-looking statements. 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. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. 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. 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 applicable securities laws.


For further information: Bobbie Wasserman, bwasserman@pudoinc.com


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