- PUDO (PDO) announced that it is on target to launch its Returns Program in the U.S. in September
- The company expects the set-up of PUDOpoint Counters to be faster in the U.S. since it has learned important lessons from the Canadian market
- In the U.S., PUDO is also targeting independently owned neighbourhood mailing and shipping centers
- PUDO is North America’s only carrier-neutral parcel pick-up and drop-off counter network
- PUDO Inc. (PDO) remains unchanged, trading at C$1.00 per share as of 3:05 pm ET
PUDO (PDO) announced that it is on target to launch its Returns Program in the U.S. in September.
The company expects the set-up of PUDOpoint Counters to be faster in the U.S. since it has learned important lessons from the Canadian market.
Frank Coccia, Founder and CEO of PUDO Inc, commented on the news.
“These are exciting times. We have plans for massive growth in the US. PUDO plans to double the number of US based PUDOpoint Counters within the next 12 months. This is expected to balloon revenue, but the real reward will be long-term, profitable growth for decades to come.”
In Canada, PUDO used its technology to set up PUDOpoint Returns Counters in neighborhood convenience stores. In the US however, PUDO is also targeting independently owned neighborhood mailing and shipping centers. These local stores offer shipping and receiving services as well as printing and office supplies for consumers and small and medium size businesses.
Their existing expertise makes setting up PUDOpoint Counters in local shipping stores twice as fast compared to setting up convenience stores.
With this expansion, PUDO also announced an agreement between PUDO Inc. and GP Brands Inc. This single agreement could result in as many as 130 new PUDOpoint Counters throughout the US.
GP Brands Inc., is the franchisor of Goin’ Postal. It is a successful US chain of more than 130 neighborhood shipping and receiving stores and are already experts in shipping and receiving.
This agreement allows PUDO to sign-up 50-100 stores for the effort it would usually employ to sign up 10 locations. This makes starting up PUDOpoints faster by an order of magnitude.
PUDO is North America’s only carrier-neutral parcel pick-up and drop-off counter network. The PUDOpoint Counters Network provides all carriers, retailers, and consumers with badly needed cost controls, choice, and convenience.
PUDO Inc. (PDO) remains unchanged, trading at C$1.00 per share as of 3:05 pm ET.