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One Step Vending Corp. (OTC Pink:KOSK) announced today that it has acquired a 51% equity stake in Corporate Refreshment Services (CRS), a California based company that is engaged in providing food and beverage self-checkout Micro Market Kiosk services to small and medium businesses.
The Company funded the acquisition of
CRS with the issuance of 2,500,000 common shares, restricted from resale for a
one year period. No debt was assumed in connection with this acquisition.
Mr. Brian Duke, President of One Step
Vending, stated "I am very pleased to announce the acquisition of CRS and
to welcome them to our team. CRS has a solid track record of
profitability and a sophisticated sales and marketing know-how regarding small
and medium businesses. We expect that this combination will help both companies
to grow and we look forward to working with their team and providing them with
the broad resources and capabilities that we have to offer."
Mr. Mark Miller, CEO of Corporate
Refreshment Services, stated “CRS is excited to be working with One Step
Vending. I believe that our many years
of experience in office vending, and our leadership as a developer-operator in
the Micro Market industry combined with the financial and operational support
of One Step Vending will catapult CRS to a leadership position in the rapidly growing
Micro Market industry.”
About One Step Vending
Corp.
One Step Vending Corp. is a holding company that grows through acquisitions and cooperative agreements with companies that have high potential and capabilities of achieving sustainable growth, resulting in a rapidly acquiring market share. The Company builds key strategies for its subsidiaries while providing financing and operational business support.
About Corporate Refreshment
Services Inc.
Corporate Refreshment Services, Inc.
provides a wide range of food and beverage services focusing on the use of
self-checkout Micro Market technology. CRS supplied more than 150,000 units to
customers in the last twelve months, representing a 230% growth in sales volume
over the same quarter last year.
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.
CONTACT:
Mrs. Vasiliki Anagnostou
One Step Vending Corp.
Tel: 212-688 1007
E-mail: investors@onestepvend.com
