V2K to Launch its Kiosk Program With Proceeds From Expected $6,100,000 Investment
LAKEWOOD, Colo., March 26 // PRNewswire-FirstCall // -- V2K International, Inc. (OTC Bulletin Board: VTOK) announced today that its wholly owned subsidiary, V2K Window Fashions, Inc., will launch its kiosk marketing program with a major retailer at two test sites using the proceeds of a proposed $6,100,000 investment from a strategic partner, Amerivon Holdings, LLC. Testing is anticipated to expand through the summer with an additional 25 kiosks to be rolled out at other demographically appropriate locations throughout the United States. (The transaction with Amerivon is subject to the completion of its due diligence and execution of appropriate definitive agreements covering the terms described in the term sheet.)
The unmanned kiosks will have live product custom window fashion samples. The leads generated by the kiosks will be distributed to one of the roughly 180 V2K Window Decor and More franchises who will provide the infrastructure for order fulfillment on behalf of the retailer. To view the kiosk, please visit http://www.v2kinternational.com/V2Kkiosks.asp.
Amerivon helps companies accelerate growth opportunities in mass market retail channels by providing access to distribution, consulting, and capital, and will assist V2K with the implementation of its kiosk marketing program as well as the development of additional retail concepts.
"We are proud to have Amerivon as a strategic partner as we enter the retail market," said Vic Yosha, President & CEO of V2K. "The additional capital is obviously a vital element of our plan. However, receiving the investment from Amerivon, who is widely recognized within the industry as a leading expert in this field, and having them be directly involved in the planning, development, and execution of our business plan, is the best investment partner we could have secured."
About V2K International, Inc.
Through its wholly owned subsidiary, V2K Technology, V2K develops and licenses proprietary software that is designed to be used in the commercial and home decor markets. Almost anything can be done to the interior of a room utilizing its software. In a three dimensional view, where everything is 100% to scale, the user can add, adjust, color and texture walls, windows, doors, ceilings and floors, and then drag and drop items from a library of products into the scene. V2K Technology licenses a version of the software for custom window treatments to another wholly-owned subsidiary, V2K Window Fashions, which operates the franchise system, V2K Window Decor & More. Using the technology as the centerpiece of a franchise offering, V2K Window Fashions sells and supports franchises in the window fashion industry. V2K currently has approximately 180 franchisees operating in the United States, Canada and Aruba.
Forward Looking Statement Notice: This press release includes "forward- looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward- looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the company's recent filings with the SEC, including its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law.
SOURCE V2K International, Inc.