TORONTO, Nov. 22, 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 that Mr. Kurtis Arnold, CEO PUDO Inc. has issued an
update to shareholders. The full text of the update can be found on the PUDO website on the Investor page.
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.
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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