Mr. Elliott Etheredge reports

PUDO ANNOUNCES RESIGNATION OF COO

Frank Coccia, founder, president, chief operating officer of Pudo Inc., has resigned from the company.

Richard Cooper, chairman of the board of Pudo, stated: "While we are saddened to see Frank leave the company that he created, we are excited about the opportunities in front of Pudo. Last year we appointed Elliott Etheredge as CEO to assume leadership of the company and we are confident in the management team's ability to lead the company forward and deliver excellent service to our customers and partners."

Pudo chief executive officer, Mr. Etheredge, further commented: "Over the last 10 years, Frank and the team have built a solid platform to solve the complex logistical problem of e-commerce logistics. I am very encouraged by the recent progress we have made by expanding our network in the U.S. and adding an additional 290 Pudopoints in Canada through our recent partnership with a very large Canadian office supply retailer. While Frank will be missed, the company is well positioned to capitalize on the opportunities in front of us."

About Pudo Inc.

Pudo is North America's only independent parcel pickup and drop-off counter network.

Pudo has created a network of more than 1,500 storefront partners known as Pudopoint counters, strategically located very near to where people live, work and play.

Pudo partners with retailers and logistics providers to offer a last-mile pickup and returns network for e-commerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics.

We seek Safe Harbor.