Fort Lauderdale, Florida--(Newsfile Corp. - March 4, 2022) - NxGen Brands Inc. (OTC Pink: NXGB) ("NXGB" or the "Company") is updating all parties regarding the SENDPUT™ beta testing is ongoing and operational. All interested parties in participating in beta testing, please register email to register your access device properly.
An online marketplace bringing rapid delivery services from local businesses
The launch of SendPut marks the realization of a disruptive new online marketplace and rapid delivery model. The ability to integrate all existing delivery service providers via API to our core business model allows us to maximize the efficiency of the delivery process. This operational model ensures the established delivery goals of the zipcode are met and exceeded while providing Quality Assurance and Quality Control of all outbound transactions.
Notably, SendPut leverages local retailers as its inventory and fulfillment network core, creating partnerships via its online inventory and marketplace platform. The business model comes as others in the space concentrate on city-based dark stores or ultra-centralized warehouses. The company sees multiple benefits to this approach.
In addition to unlocking new opportunities for SMBs, SendPut's model dramatically expands both the possible reach and range of rapid delivery platforms. In creating networks of existing retailers, SendPut can expand its reach into zip codes where existing standalone dark store and delivery network models would prove uneconomical. Additionally, the creation of local many-store networks dramatically broadens the range of products available to customers through such rapid-delivery online marketplaces.
Rounding out the customer delivery side of the network, the company's second primary focus for SendPut is developing a network of secure pickup/dropoff lockers. In tandem with a logistics platform for coordinating retailer-driven fulfillment with excess capacity in existing driver networks, the company can realize ultra-rapid delivery times competitive with other fast-delivery models.
A capital-efficient disruption of the fast delivery model
Angel Burgos, CEO of NxGen Brands Inc., said, "SendPut's design is excellent, allowing multiple business models that can continue to create revenue streams for the company, all while minimizing the capital outlay. This model is in contrast to most mainstream delivery companies, establishing themselves and competing in high-density urban areas with significant investments in dark warehouses and unmarked locations to deliver in 30 minutes or less. We have found that this business model is unpractical and unnecessary in most situations that require delivery."
"The SendPut Network is designed to maximize the use of existing resources, including drivers and delivery personnel. Our app will have all the inventory available within the zip code, available to customers in real-time. SendPut will manage the most extensive virtual warehouse database without the operational costs of a physical one and with the efficiency of local product and service availability," Burgos continued.
In noting further capital efficiencies, Burgos also notes, "The SendPut model allows us to maximize brand recognition and exposure as local businesses come online with our network and promote our service and the availability of our application and network design."
Convenience and opportunity: a win for customers and small businesses alike
Burgos clarifies that, while SendPut represents a massive opportunity for the company, its benefits are wide-reaching. On this point, he said, "Big corporation expansion plans have displaced and put out of business millions of businesses throughout the last decades. They are doing the same on the internet now-millions in targeted SEO marketing, millions more in algorithms to funnel traffic to the mainstream marketplaces. At least in the online world, there can be unity to serve local communities, safeguarding the ecological advantages of minimizing the carbon footprint of the product purchased and increasing product availability to the local market. We want to bring back to the corner store the potential of delivering a product the same day, offering their fresh goods locally, instead of using the marketplace as the first option with limited availability."
Burgos continues, "The end customer also should not have to pay extra to benefit from SendPut's delivery network and product availability. At the same time, we will introduce additional tiers that include dedicated concierge services for real-time custom requests. In addition, SendPut monetizes via multiple means, such as an override for sales thru the SendPut network and the coordination of services between delivery service providers, courier distribution networks, and drivers. As a result, our customers will have access to our base product without expensive annual fees or other additional service charges that other big platforms impose."
Registration for businesses is now open
For more information, businesses can sign up for their location at no charge at sendput.com. Updates are provided in real-time as zip codes continue to get requested.
About NxGen Brands, Inc.
NxGen Brands, Inc. owns a wholly-owned subsidiary, NxGen Brands LLC dba: Leafywell. Our visitors can view all the above information at www.leafywell.com and www.nxgenbrands.com. Our pursuit is to leverage equity, acquire, merge, and or joint venture with early-stage companies in emerging industries, to stimulate growth cash flow and increase broader distribution channels.
NxGen Brands (nxgenbrands.com) or Leafywell (leafywell.com) will manage product updates and sales and for more information or to make bulk purchases, please get in touch with sales@nxgenbrands.com.
Please visit the corporate website for more information on "NXGB," the corporation: https://www.nxgenbrands.com. To be added to the Company investor email list, please email info@nxgenbrands.com and add the subject line.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital or our future financial performance. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, activity levels, performance, or achievements to be materially different from any future developments. Activity levels, performance, or achievements are expressed or implied by these forward-looking statements. It would be best if you did not place undue reliance on forward-looking statements since they involve risks, uncertainties, and other factors which are, in some cases, beyond our control and likely will materially affect actual results, levels of activity performance, or achievements. Any forward-looking statement reflects our current views concerning future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to update or revise these forward-looking statements for any reason publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/NXGB/disclosure.
Contact: info@nxgenbrands.com | Phone: (888) 315-6339
SOURCE: NxGen Brands Inc.
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