CORONA, Calif., Jan. 21, 2014 /PRNewswire/ -- AVT, Inc. (OTC
Markets: AVTC) (www.autoretail.com), a leader in custom vending
machines, automated retailing business opportunities, and
self-service kiosks, announced that an independent investment fund
has been created for the sole purpose of purchasing Marley Coffee
Automated Kiosks. AVT is the manufacturer of the Marley Coffee
Kiosks.
Automated Retail Income Development, Inc. ("ARID") intends to
raise up to $4,900,000.00, and to
utilize the funds for the purchase of up to 300 Marley Coffee
Automated Kiosks.
ARID has entered into negotiations with Krogers, Safeway and
various military bases, to place coffee machines in locations owned
and/or operated by these entities. Many of the placements of
the new Marley Coffee Automated Kiosks will be in highest grossing
locations that have been abandoned by Outerwall when they pulled
their Rubi systems out of the market.
ARID will work with Marley Coffee Automated Stores, Inc. to
provide system placement, upkeep, and restocking.
"This fund will allow investors to enter the $7.3 billion coffee vending market with the best
system in the industry," said Joe
Menichiello, Vice President of Sales and Marketing at Marley
Coffee Automated Stores, Inc. "Now individuals can participate
in the profitable gourmet coffee industry without any of the
day-to-day hassles of running a business," he added. "We have the
ability to cherry-pick the top performing locations where the Rubi
kiosks flourished. This provides a unique opportunity to
place systems where they have already been proven to
excel."
ARID estimates that it will begin delivering machines to Safeway
Stores and selected Military Bases beginning 90 days from the date
that it begins accepting investment funds. Once the kiosks
are delivered, investors will receive quarterly distributions.
"We are proud to be a partner with Marley Coffee and welcome
this increase in production," said James
Winsor, CEO of AVT, Inc. "Our award winning designs and high
quality workmanship assures that the Marley Coffee Automated Kiosks
will be well received in the marketplace."
For more information on the ARID Fund, contact 951-888-2405.
For more information on Marley Coffee Automated Stores, visit:
http://www.marleycoffeestores.com/
For more information on Marley Coffee / Jammin Java Corp.
(OTCQB: JAMN), visit: www.marleycoffee.com
For more information on AVT and their industry-leading automated
retailing systems, micro-markets, automated malls, custom vending
machines, and self-service kiosks, contact the company at (877)
424-3663, or visit the website at: www.autoretail.com.
Forward-Looking Statements: The statements in this and
any of our press releases constitute forward-looking statements
within the meaning of federal securities laws. Such
statements are based on our current beliefs and expectations and
are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond our control. In addition, such forward-looking
statements are subject to assumptions with respect to future
business strategies and decisions that are subject to change.
Potential risks and uncertainties include, but are not limited to,
technical advances in the industry, competition, customer's
business decisions, and overall economic conditions. We do
not take any obligation to update any forward-looking statement to
reflect events or developments after a forward-looking statement
was made.
SOURCE AVT, Inc.