One Step Vending Corp. (OTC: KOSK), a holding company specializing in self-serve vending for consumer products, this morning announced its appointment of Mark Bentley to the position of Director of Business for its CRS-Micro Markets subsidiary. Bentley brings well over a decade of industry experience to the One Step Vending team, including time as an operator, supplier and manufacturer. Per this morning’s update, the company anticipates that this diverse expertise, as well as his contacts in the vending industry, will play a key role in One Step Vending’s efforts to expand its presence and promote financial growth both within the self-service food and beverage market and beyond.
“One Step Vending is leading innovation in our field and I am thrilled to be joining this team of forward thinking professionals,” Bentley added in the news release. “Micro markets are the logical next step for vending, as the customers get exactly what they want with greater profit for the business.”
The company’s decision to add Bentley to the CRS-Micro Markets management team comes less than a month after it announced its installation of four new micro markets at a San Diego pharmaceutical facility. While these four micro markets are expected to serve roughly 250 employees over the coming months, they could also represent an opportunity for One Step Vending to generate recurring revenue and increase its presence in the evolving self-service vending market. The company noted that the pharmaceutical corporation currently has offices in over a dozen countries and numerous states in the U.S.
The micro market segment has been heating up in recent years as consumers look for healthier alternatives to standard snacks. In 2012, research firm Bachtelle & Associates projected that these self-service kiosks will be in about 35,000 U.S. locations by 2022, generating $1.6 billion in revenue. With the option to implement web-based inventory management systems and customized components, micro markets allow operators to ensure fresher inventory and less downtime than traditional vending machines, and consumers seem to notice. A report by Kiosk Marketplace indicates that micro markets attract roughly 18 percent more visits per day on average, as compared to traditional vending machines.
“We are ecstatic to be getting out in the field, inking new deals, and installing new micro market locations,” CEO Daniel Garfinkel added in a news release issued last month. “Each location presents us with tremendous revenue potential, so we’re expecting to see our cash flows grow over the course of 2017.”
For more information, visit the company’s website at www.OneStepVending.com
Let us hear your thoughts: One Step Vending Corp. Message Board