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Replies to post #7606 on Matrix

Replies to #7606 on Matrix
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resx18

05/17/22 7:47 AM

#7607 RE: resx18 #7606

“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.”
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Cameo Brien

05/17/22 8:02 AM

#7612 RE: resx18 #7606

Boom
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resx18

05/17/22 9:23 AM

#7619 RE: resx18 #7606

The acquisition also includes Vendweb’s general - non-customer-identifying - vending business which managed revenue of $395,000 last year during a tough covid environment.