TORONTO, Oct. 25, 2018 /CNW/ - PUDO Inc. (CSE:PDO)
(OTCQB:PDPTF) ("PUDO" or the "Company"), North America's first carrier-neutral Pick-Up Drop-Off
Network ("Network") is pleased to announce notable updates to the investor section of the Company's website www.pudoinc.com, as well as its engagement of an investment banking firm to
assist with its continued growth strategy.
"It is my pleasure to invite shareholders and other interested parties to visit the updated pages of the investor section of
our corporate website. After many months of considerable change and progress, it became clear that our rather complex,
multi-service global technology offering warranted greater explanation and clarity. The space which PUDO occupies in the
e-commerce ecosystem is unique and evolving, so we have put significant effort into creating resources, references, definitions
and context materials and information that PUDO news readers may use to help them better understand both our integrated business
model, and our opportunity," says PUDO CEO Kurtis Arnold.
Understanding in context, repeated references to phenomena like last-mile gridlock, reverse logistics, 3PLs, click and
collect, and other terms unique to global e-commerce logistics and the PUDO story, should be easier and more fluid, thanks to new
PUDO 101 - Glossary and FAQ pages located at www.pudoinc.com/en/Investor-FAQ and PUDO in Context located at www.pudoinc.com/en/PUDO-Context. The full PUDO story is available as
a PDF download, from the Presentations page www.pudoinc.com/en/Investor-Presentation.
"Our story and Network are evolving and growing in tandem so we want to make sure we keep pace with that progress and deliver
timely, and relevant news and updates to our stakeholders that will help them understand the increasing value we're delivering in
an everchanging marketplace. With many unseen moving parts rapidly transforming the $550B USD
e-commerce sector, we want to remain at the forefront of delivering information and clarity efficiently and as consistently as
possible, especially as we are about to enter the busy holiday and returns seasons, and seek additional funding to capitalize on
considerable US Network expansion opportunities, as well as our continued growth at home," concludes Arnold.
Further to PUDO's most recent shareholder update of September 28, 2018, outlining the Company's
successes in Canada — developing its technology, approach to market, internal processes, and
domestic and cross-border Network expansion — confidence is high that wholesale expansion into the considerably larger US market
is both timely and necessary. Continuing the great momentum we have had from recently announced agreements with market leaders
(see PUDO News), we believe now is an ideal time to
continue that path with further capital enhancement that will allow us to continue to grow organically, and
strategically. To that end, the Company has signed an agreement (the "Agreement") with Panamax Capital LLC ("Panamax"), and
Partner Capital Group LLC a FINRA registered broker ("PCG"), to help identify and secure expansion capital to facilitate
fortification of Canadian operations, and fund US expansion beyond the beta test markets. The Agreement outlines an initial
engagement term of three months, effective immediately.
The investor section of the Company website can be found at www.pudoinc.com/en/Investors. To subscribe to PUDO News, including PUDO Advantage updates, subscribe to the
PUDO pressroom at "PUDO in the News".
About PUDO
PUDO Inc. is developing North America's only carrier-neutral parcel pick-up/drop-off
technology and logistics network, as a means of solving the last-mile parcel-traffic-control gridlock that is crippling the
$550B e-commerce sector. E-commerce is faced with unprecedented cost control issues, based on
disproportionately high last-mile delivery costs relating to undeliverable parcels, and parcels returning for refund or
exchange. As labour and fuel costs increase in tandem with parcel traffic and volume, the problem worsens.
PUDO's team of logistics and parcel traffic management experts have created a market intelligence and trends driven solution
comprising carrier-neutral plug-and-play technology for desktop and mobile, plus a strategically located network of parcel
pick-up and drop-off PUDOpoints for pay-as-you-go use by all players within the e-commerce ecosystem.
Adopting PUDO technology shortens the last mile for the behemoths of e-commerce — fulfillment and distribution centers
representing thousands of retailers and millions of consumers — by instantly extending their parcel staging and consolidation
network and providing secure 'near end of the line' storage for the 30% of e-commerce parcels that are undeliverable on first
attempt. PUDO's technology and network virtually eliminate costs associated with second-attempt deliveries, un-attended parcel
theft and spoilage, and mismanaged reverse logistics on returns, and provides carriers, retailers, and consumers with badly
needed cost controls, choice, and convenience.
PUDO was founded in 2015 and was recently named one of the Top 20 most innovative public technology companies by the Canadian
Innovation Exchange. After two years of industry and market research, and successful beta testing the technology and
PUDOpoint geography and protocols with major logistics stakeholders, PUDO is ready to activate its network through strategic
partnerships. Activation will enable all stakeholders within the network to access and control scalable, fluid, strategic
consolidation in real time when and where needed, to lower costs and satisfy customer expectations.
For more information, please visit www.pudoinc.com or
www.pudopoint.com.
About Panamax Capital, LLC
Panamax Capital, LLC is a private, global merchant banking firm. Headquartered in Greenwich with resources in the Americas, Asia, Europe, and India, the firm provides capital markets, M&A, and
principal finance services to its clients.
About Partner Capital Group, LLC
Partner Capital Group, LLC is a boutique, globally focused, institutional capital introduction and advisory firm and
FINRA registered broker-dealer based in Greenwich, CT.
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 statements regarding possible capital raising activity and possible
future expansions of PUDO's operations. This information is based on current expectations and assumptions of management,
including assumptions concerning PUDO's ability to raise additional capital. 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. This press release, may
contain future-oriented financial information or financial outlook within the meaning of applicable securities laws. Such
future-oriented financial information or financial outlook has been prepared for the purpose of providing information about
management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned
that reliance on such information may not be appropriate for other purposes.
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.
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