One Step Vending Corp. Adds 18 Micro Market Locations in Six Weeks with Continued Accelerated Growth Expected
Source One Step Vending Corp.
San Diego, CA, March 08, 2017 (GLOBE NEWSWIRE) -- One Step Vending, Corp. (KOSK) , a holdings company specializing in market disruptive acquisitions with an emphasis in the self-serve vending market, today announced they have completed 18 micro market location installations over the last six weeks, with accelerated growth expected to continue as the company shifts focus to national expansion.
The micro market model is more viable than ever, as the costs have dropped to about $1,200 per location, and they are able to serve anywhere from 50-300 users profitably, whereas there used to be a minimum required user count of 300 to reach profitability in a location. Today’s consumers are looking for a variety of options, cost effectiveness, and instant gratification. Micro markets are able to meet all three of those criteria better than existing solutions, such as supermarkets and vending machines. They are the pinnacle of convenience, but they offer a wide array of dining options at an affordable price; micro market shoppers no longer have to choose between convenient and affordable variety.
Micro markets are a natural replacement for traditional vending machines, as they offer a wider variety of food options, including fresh and healthy foods, which are hard to find in a vending machine selection.
“We are ecstatic to be getting out in the field, inking new deals, and installing new micro market locations,” said CEO Daniel Garfinkel, “Each location presents us with tremendous revenue potential, so we’re expecting to see our cash flows grow over the course of 2017.”
As the company’s revenue increases, it will continue to reinvest capital in installing new locations and focusing on a national branding campaign to start reaching corporate customers from coast to coast.
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About One Step Vending Corporation
One Step Vending Corp. is a holding company focused on the acquisitions of market-changing and disruptive business models. The Company supports subsidiaries with key financial, sales, marketing, and operational changes designed to accelerate growth and shareholder value. http://www.onestepvending.com
About Corporate Refreshment Services-Micro Markets, Inc.
CRS-Micro Markets, Inc. provides a wide range of food and beverage solutions focusing on the use of self-checkout Micro Market technology. CRS has supplied more than 150,000 units to customers in the last twelve months, representing a 230% growth in sales volume. http://www.sdmicromarkets.com
Issued by One Step Vending Corp.
This document was produced by and the opinions expressed are those of One Step Vending Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of One Step Vending Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but One Step Vending Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of One Step Vending Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. One Step Vending Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
