CORONA,
Calif., July 23, 2014
/PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC)
(www.autoretail.com), a leading participant in the Automated Retail
Income Development Fund, released results of 2nd Quarter
activities.
Automated Retail Income Development (A.R.I.D) is a registered
private placement that raises capital from qualified investors to
purchase AVT's Automated Kiosks featuring Marley Coffee.
The kiosks are delivered to regional vending operators
throughout the country, who provide installation and day-to-day
servicing.
Recent highlights include an agreement for kiosks at the Marine
Base in Quantico. Four kiosks are installed, with an
opportunity for several more placements.
A Preferred Vendor Agreement was reached with Gulf Oil,
LLC. The agreement names Marley Coffee Automated Stores
as the exclusive provider of automated coffee for Gulf
retailers. Three dealers have already received kiosks, and a
significant opportunity exists within Gulf's 2,800 retail
locations.
3rd Party Vending Operator Relationships:
Beltway Vending is servicing the kiosks at Quantico Marine Base.
This major operator has a large and varied client base, which
provides additional placement possibilities.
Bluedrop Water manages the Gulf Oil accounts in New England, and
has taken delivery of five kiosks. In addition to Gulf,
Bluedrop has installed 2 kiosks in a major Massachusetts hospital. New England is a major
coffee market and we anticipate further placements.
Gilly Vending took delivery of one kiosk, which was
installed at a large community college. Gilly will drive
growth in south Florida.
Elitevend took delivery of four kiosks. The first
was installed in a Buick Dealership. The Pacific Northwest
gave birth to America's coffee renaissance, and is provides
significant growth opportunities.
Answer Group is taking delivery of three kiosks. The first
installation is at a major university, and should be the first of
many.
National Coffee Service & Vending is a national brokerage
group that represents many coffee labels, including Marley Coffee.
NCS&V has agreed to act as a placement agent and develop
opportunities across their network.
A.R.I.D is expecting to place another 20-30 kiosks in
3rd quarter within their network of new operators, and
is seeking qualified investors to participate in the profits of
these upcoming locations.
For more information, please call 951.888.2405 or visit
www.aridfund.com.
For more information on Marley Coffee Automated Stores, visit:
www.marleycoffeestores.com
For more information on AVT, call (877) 424-3663, or visit:
www.autoretail.com
Media Inquiries:
The Innovation Agency
www.inov8.us
SOURCE AVT, Inc.