CORONA, Calif., Aug. 11, 2014 /PRNewswire/ -- AVT, Inc. (OTC
Markets: AVTC) (www.autoretail.com), a leader in automated
retailing systems, commented today on the news that the vending
industry is expected to reach record revenues according to a new
IBIS World report.
As reported in the Los Angeles Tribune, a new wave of "Automated
Retailing" systems are changing the way shoppers get products of
all kinds. From a $500 package of
fine caviar to freshly squeezed juice, these new systems are
engaging, entertaining, and cost-effective.
"There is a lot of innovation happening in vending machines,"
said Omar Khedr, industry research
analyst at IBISWorld. The American vending machine industry is
projected to rise and hit $7.7
billion in 2019, according to the report.
One such innovator, Denis Koci
spent five years developing the idea for the Burritobox, which
offers hot burritos on demand. His Los
Angeles company, the Box Brands, rolled out six machines
made by AVT this year in the Southland and in August will start
franchising nationally, Koci told the Tribune.
Selling fresh, gourmet cupcakes in vending machines is also now
one of the hottest niches in the industry. The popular "Cupcake
ATM" is going in 16 bakeries across the country, the article
stated. Other systems, such as the AVT-built Fresh Squeezed Juice
Bar have also gained international acclaim.
"We believe that technological innovation is driving the growth
of this industry," said James
Winsor, CEO of AVT, Inc. "Customers want more choices and
convenience. Our new systems that feature touch-screen
interactivity, audio and video feeds, online connectivity, and
cashless payment systems are selling more products to more people
than ever before," he added. "Now, having a vending or 'Automated
Retailing Station' in what was previously unused space, drives
profits, increases brand awareness, and builds a new customer base
for businesses and retailers."
ABOUT AVT:
AVT, a public company (ticker: AVTC), with
a 15-year track record of success and innovation, was named one of
the fastest growing companies in America by International Times
News. AVT provides custom solutions to companies seeking an
automated platform to increase sales, expand distribution, control
lift, lower overhead, and enhance brand awareness.
For more information on AVT, call (877) 424-3663, or visit:
www.autoretail.com.
Connect with AVT on Facebook: www.facebook.com/AVTInc
Follow AVT on Twitter: www.twitter.com/AVTIncCA
SOURCE AVT, Inc.