Press Releases

COLORADO, United States, Feb. 10, 2012 /PRNewswire-iReach/ -- ShelfX, provider of a revolutionary self-checkout and inventory management solution, announced today that Udi's Food will integrate the ShelfX system to shorten customer wait-time and increase shopping convenience at their Udi's Bread Café chain. The initial pilot project is expected to be completed by May 2012.

(Photo:  http://photos.prnewswire.com/prnh/20120210/CG51314)

As a thriving organization consisting of a bakery, five cafes, a restaurant, catering services and an artisan bakery, Udi's Food prides itself on their customer focus. Their business is founded on the principle of offering consistently creative and delicious food made with the freshest ingredients and on delivering excellent customer service. To reinforce these values, Udi's Food chose ShelfX to bring a new level of service and convenience to their customers.

Most of Udi's retail locations are cafe style with Grab and Go section, serving fresh made ready meals. Udi's locations are in urban setting as well as in hospitals, universities, and soon at Denver International airport with an expended Grab and Go section, to improve speed and increase sales.

For years, Udi's Food is looking for ways to speed up the Grab and Go experience while also trying to lower handling cost. The key, they believed, was a self service payments system. 

Fortunate for Udi's it founds a vendor that already had the solution: ShelfX. "ShelfX and Udi's Food is a perfect match" says Udi Baron, Owner and President at Udi's Food. With ShelfX in place, customers come into Udi's Bread Café, grab an RFID-enabled ShelfX Card, pick-up a sandwich, salad or drink stocked on ShelfX Smart Shelves and proceed to the ShelfX Kiosk for payment processing. The customer then simply swipes their credit card or loads cash onto their ShelfX Card and leaves with fresh, delicious Udi's food in hand. 

"Providing the best possible customer experience is so important to Udi's" says Baron. "When we opened our doors in 1994, the premise of our business was simple: everyone loves delicious food—why not makes some? Now, not only are we making healthy, tasty food, but with ShelfX, we're hoping to get it into the hands of our customers even faster."

For future purchases, Udi's customers can keep the ShelfX card, topping them up with credit at their own convenience via an easy-to-use and secure online platform. This will essentially eliminate the check-out process all together, as on subsequent visits, the ShelfX Card will automatically detect the items being purchased and deduct appropriate costs from their credited account. 

Although Udi's Food is an early-adopter of this revolutionary line-busting technology, other specialty retail stores, grocers and stadiums will also find the ShelfX system to be beneficial. 

More than simplifying the check-out process, the ShelfX system offers the following key inventory management features: automatic inventory updates as items are removed from ShelfX Smart Shelf, instantaneous pricing or promotional updates via the ShelfX Software, up-to-the-minute inventory reporting, low-level inventory alerts, automated product re-ordering and more. 

"Udi's Food is a very progressive retailer renowned for its commitment to service so we are very excited to partner with them on this deployment of ShelfX," says Ran Margalit, founder and CEO of ShelfX. "We expect Udi's customers to be equally pleased with having even more convenient access to Udi's delectable healthy meals on those time-crunched days."

About ShelfX

ShelfX is pioneering the first self-checkout and inventory management system for retailers like grocers, sports stadiums, pharmacies, airport kiosks, and more. The ShelfX system is comprised of ShelfX Smart Shelves, the ShelfX Software and Server platform, the ShelfX Cards and Kiosks and the ShelfX App. Beyond simply eliminating lines at checkout counters and enhancing the shopping experience, ShelfX offers retailers around the world added-value benefits such as improved inventory management, enhanced customer loyalty, and increased shopper conversion rates. For more information, visit shelfx.com  

About Udi's Food

What started as a small ready-to-eat sandwich business has grown into six thriving family businesses artisan bakery (where they bake their legendary Udi's breads), a catering company with a state-of-the-art kitchen where they make everything in-house, and six restaurants and cafes, Udi's Food  also started the Udi's Gluten-Free company, .  Udi's Food is planning on opening a few more locations in 2012.

Media Contact: Ran Margalit ShelfX, Inc, 8554743539, ran@shelfx.com

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SOURCE ShelfX, Inc.

GLENDALE, Ariz., Feb. 10, 2012 /PRNewswire/ -- PowerVerde, Inc. (OTCBB: PWVI) today announced the completion of a private offering of 500,000 restricted shares of its common stock to certain accredited European investors at $1.00 per share before placement fees and offering expenses. All shares were offered by the Company. 

The Company anticipates using the net proceeds of the offering for general corporate purposes including research and development expenses, continued development of the Liberator waste heat energy system and the advancement of their business model offering electric green power systems to end users worldwide. Principals of Newton Investment BV d/b/a Newton GreenPower, participated in the offering. Newton is PowerVerde's exclusive manufacturing and distribution licensee in the European Union.  Separately, Newton's principals received three-year warrants to purchase 500,000 shares of the Company's common stock at an exercise price of $1.00 per share.

Martinez-Ayme Securities acted as exclusive placement agent for the offering.

Piet Vanderhoop President of Newton GreenPower commented, "We continue to support PowerVerde's Liberator waste heat recovery technology. Having purchased a Liberator 1st generation waste heat recovery system last year and demonstrated its functionality to several European end users at the Autonational engineering facility in Sneek NL, we continue to believe PowerVerde is a leader in the field of utilizing waste heat as a fuel for green electricity. We are eagerly looking forward to the next generation Liberator design and anticipate commercial sales soon. As such we were happy to participate in the recent European stock offering by PowerVerde."

The securities described above were offered by the Company and exempt from U.S. Securities and Exchange Commission registration.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any state or other jurisdiction.

About Newton Investments BV

Newton, based in Leeuwarden, the Netherlands, is a green renewable energy investment company which actively pursues alternative energy opportunities and products covering a wide variety of energy sources, including, but not limited to, wind, biomass, photovoltaic, electric and thermal. Their investment objectives are to offer green renewable energy products in the EU utilizing available credits, incentives and subsidies. Their relationships with sophisticated manufacturers and knowledge of the alternative energy industry allow them advantages well beyond mere distribution. Newton forges relationships between public and private sector entities and assists in the capital formation process necessary to facilitate these objectives.      

About PowerVerde

PowerVerde, Inc. (OTCBB: PWVI) manufactures advanced renewable electric power generator systems comprised of pressure expansion motors operating on any adequate heat or pressure source. These systems make electricity without fossil fuel--- from any low grade heat source or adequate pressure forum. PowerVerde is an environmentally friendly green company producing zero emissions or waste stream byproducts. For more information about PowerVerde, please visit our web-site www.PowerVerdeEnergy.com.

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

CONTACT: Rick Davis, +1-786-412-7015, davis@martinezayme.com

SOURCE PowerVerde, Inc.