“The acquisition of Vendweb made great sense for the company for a number of reasons. We now have full control over the smart vending division allowing us to significantly reduce manufacturing, development, and design costs - all of which increase profits. The purchase will allow the company to “fast-track” improvements to the American Green Xpress smart machine and customize it to specifically meet customers' needs. We have had a number of requests for specific capabilities and functions from the hotel and hospitality industry and the Vendweb acquisition will make it much easier for ERBB to meet the needs of future customers who want custom over-21, age-identifying, facial recognition smart vending applications.”
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
