TORONTO, Dec. 11, 2017 /CNW/ - PUDO Inc. ("PUDO" or "the Company") (CSE: PDO; OCTQB: PDPTF).
PUDO recently attended the National Association of Convenience Stores ("NACS") trade show in Chicago, Illinois. This show is recognized as the premiere event for store operators to learn about trends within their industry, as well as meet and visit with suppliers and service providers. For PUDO, it was an opportunity to meet with decision makers of convenience stores who would be interested in partnering with PUDO to make their locations available as Pick Up | Drop Off spots for e-commerce parcels.
The convenience store industry is evolving, as consumers own definition of "convenience" is changing. Currently, the US convenience stores serve more than 160 Million people each day. However, recent reports indicate this number is starting to decline, and it is associated with reduced fuel sales and declining tobacco sales. What PUDO offers these stores is the strategic opportunity to increase footfall where consumers are stopping in to Pick Up shipments as they are not home to accept delivery of parcels, or Drop Off returns that need to be shipped back to the retailers.
PUDO's sales team was very active at the show with increasing interest from a large pool of attendees. At the end of a very busy few days, more than one hundred attendees registered their information with PUDO, which together represented more than 5,000 convenience stores.
"I am excited that our team was so successful attracting new locations to add to the thousands already part of our potential PUDOpoint database", said Kurtis Arnold, PUDO's CEO. "PUDO has selected the first ten strategic US markets to begin building our US footprint, and having a choice of stores to launch the PUDO service is important to ensure we activate locations in the areas most convenient for consumers".
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. E-commerce 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.
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. 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: about PUDO, please contact: Karen Speight, 1-506-694-1250, [email protected]