One Step Vending Corp. (OTC Pink: KOSK) is a holding company that focuses on the acquisition and development of key business models. Currently, the company focuses on disruptive vending machine technologies. Through early trading on Friday, March 17, 2017, One Step Vending Corp. is declining 17.08%. Over the past three months, One Step Vending Corp. has seen average daily volume of 954,915 shares. However, volume of 1.33 million shares or dollar volume of $26,600, has already exchanged hands on Friday.
Shares of One Step Vending Corp. is facing selling pressure after announced that it has completed an installation of one of its micro-markets at Cushman Wakefield in San Diego, California. The company has also started a 20-day trial with a large Michigan water company, which could end up with an additional 150 micro market locations. Here is the full press release detailing of the micro market installation:
One Step Vending Corp. Press Release:
San Diego, CA, March 17, 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, just finished installing a new micro market at Cushman Wakefield in San Diego, CA. In addition, the Company started a 20-day trial with a large, private, Michigan-based water company, which could add up to 150 micro market locations if successful.
The company’s recent Cushman Wakefield installation will service 110 employees, which fits comfortably within the range a micro market can profitably serve. This further shows the success that One Step Vending Corp. has had with its recent marketing initiatives in the San Diego area.
Additionally, the company shipped a trial micro market to a Michigan-based water company with over a hundred years of operating history and corporate connections. If the 20-day trial period is successful, the company is negotiating for a micro market package including up to 150 installations.
As the company installs more micro markets, its revenue base grows, which will allow for heavier reinvestment in national marketing campaigns. The rapid progress being made with these installations is making management optimistic for a more rapid move from the West Coast across the country.
CEO Daniel Garfinkel said, “If we can grab a piece of the market in Michigan, we are better positioned to reach other large Midwestern and East Coast companies. In addition to having our markets physically closer in proximity, the additional revenue these markets generate can be used as growth capital to help us market more heavily to these new markets.”
Follow us on social media:
Investors Hangout is the only authorized Investors blog page for One Step Vending Corp
About One Step Vending Corp.:
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.