TORONTO, 4th August 2021 / CNW / – PUDO Inc. (“PUDO “or “the company “) (CSE: PDO); (OTCQB: PDPTF), North America‘s only carrier-neutral package pick-up and drop-off network, is pleased to announce that PUDO has signed a landmark shipping agreement (the “Agreement”) with Turning Point Brands Inc. (“TPB”) (NYSE: TPB). , a manufacturer, marketer and distributor of branded merchandise, including alternative smoking accessories and active ingredient consumables. this $ 15 billion The industry is expected to grow at an average annual growth rate (CAGR) of 28.1% from 2021 to 2028. Recent legislation affected the options available for the delivery of steam products, which exceeded 100 million package deliveries in 2020. PUDO will be the definitive delivery solution for the steam industry and its strategic alliance with 14,000 and growing locations in the US and. to use Canada.
PUDO Inc. logo (CNW Group / PUDO Inc.)
PUDO is uniquely set up to meet the requirements of the PACT Act 2020, new federal law, while many major airlines are not. PUDO can, among other things, carry out the ‘age and identity check’ including signature on delivery $ 15 billion Industry.
“PUDO is expanding its presence in thousands of US neighborhoods to receive e-commerce packages on behalf of consumers and verify age and identity. We do this every day as a carrier-neutral agent.” of our courier and retail customers, “says PUDO CEO Frank Coccia. “And through our agreement with Turning Point Brands, we are able to facilitate the delivery of vape products to a PUDOpoint at check-out and instantly accelerate the growth of our PUDOpoint counter network in the continental US. “
“We are excited to partner with PUDO Inc. to enable expanded delivery options for our vaping products nationally. This agreement will address several of the logistical shipping challenges and compliance costs associated with the new requirements of the PACT Act in key US markets. “Said Turning Point Brands President of Vaping Marc Waxman.
The story goes on
The Turning Point trademark agreement is effective immediately. PUDO’s age and identity protocols apply equally to the alcohol and pharmaceutical industries, and the company is continuing discussions with potential partners in both sectors.
About PUDO Inc.
PUDO Inc. is North America Only carrier-neutral parcel pick-up and drop-off network designed to solve the last mile traffic jam that poses challenges in controlling parcel traffic North America $ 827B E-commerce retail sector and elimination of over $ 6 billion in case of package theft through the door. The PUDO team of logistics and parcel management experts has created a plug-and-play platform with usage-based payment and a network of parcel pick-up and drop-off counters known as PUDOpoint Counters, strategically located near people live, work and play.
The PUDO model reduces or eliminates crippling last mile spending for online retailers, marketplaces and freight forwarders / delivery partners, with fulfillment and distribution solutions, package storage and consolidation for click-and-collect deliveries, online returns and the nearly 35 % of eCommerce parcels that couldn’t be delivered straight away.
Membership in the PUDOpoint Counters Network program offers consumers ‘parcel security’, convenient early / late / weekend pickup and drop-off, 100% door-to-door parcel theft elimination, and a mobile home-away-from-home address network that goes wherever you go want.
The PUDOpoint Counters Network provides all freight forwarders, retailers and consumers with much-needed cost control, choice and convenience.
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More information is available at www.pudopoint.com
About Turning Point Brands, Inc.
Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and active ingredient consumables, through its iconic core brands Zig-Zag® and Stoker’s® and its emerging brands in the NewGen segment. TPB’s products are in more than 210,000 retail stores in. available North America, in addition to websites like www.zigzag.com, www.nu-x.com and www.solacevapor.com. For the latest news and information on TPB and its brands, please visit www.turningpointbrands.com.
Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, such as the activities of PUDO. This information is based on current management expectations and assumptions, including assumptions regarding PUDO’s ability to integrate its new customers into its network and successfully execute its new and existing contracts. The use of the words “look ahead”, “believe”, “expect”, “plan”, “intend”, “may”, “will”, “should” and similar expressions identify forward-looking statements. Because forward-looking statements are based on assumptions and relate to future events and conditions, they by their nature involve inherent risks and uncertainties. Risks, uncertainties and other factors associated with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied in such forward-looking information. While the company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should be placed on the forward-looking statements as the company cannot guarantee that they will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties regarding service implementation, economic results of the company’s business relationship, changes in general economic, market or business conditions, and the risks set out in the company’s public documents on file with SEDAR. This press release, particularly the information on estimated earnings, may contain forward-looking financial information or prospects within the meaning of applicable securities laws. Such forward-looking financial information or outlook has been prepared to provide information about management’s reasonable expectation with respect to the expected results of its proposed business. Readers are cautioned that reliance on such information for other purposes may not be appropriate.
The forward-looking statements contained in this press release speak as of the date of this press release, and the company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law .
SOURCE PUDO Inc.
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