Automated Retailing Industry Expected to Grow To More than $1.1 Trillion in 2015 Investor's Business Daily Reports
CORONA, Calif., Jan. 24, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com) completed a redesign of their manufacturing headquarters in anticipation of significant growth – a move that was validated by a recent article in Investor's Business Daily that stated the automated retailing industry will almost double within the next two years.
The self-service automated retail market in the U.S. "is expected to grow from $740 billion in 2010 to more than $1.1 trillion in 2015," the article stated, using projections compiled by the IHL Group.
"There are going to be two leaders in this new industry," according to Shannon Illingworth, Founder and Chairman of AVT, Inc. "We believe that it will be Coinstar and AVT, although the two companies are very different."
Coinstar, which is the parent company to Redbox, is planning on distributing coffee vending machines that feature Seattle's Best Coffee – a brand that was recently purchased by Starbucks and is considered a lesser quality, "working class" coffee. According to a recent article in Adweek, Seattle's Best faces challenges from low-price competitors McDonald's and Dunkin' Donuts.
AVT is approaching the coffee market differently, and is opening upscale Marley Coffee micro-stores and self-service centers that feature a variety of premium gourmet blends. "The Marley brand is about quality, sustainability, ethical farming, and organic artisan roasts," Illingworth commented. "There are already plenty of places to get a quick cup of average coffee. We believe the market is ripe for a quality product, made available in convenient locations and at an affordable price."
"Coinstar is a giant - like McDonalds or Walmart, and they will always be a strong force in the industry," Illingworth commented. "But we are quick, nimble and lean, and still have tremendous growth in front of us."
And while Coinstar derives that majority of its revenues from Redbox, AVT is approaching the future with a diversified strategy.
"We attack the automated retailing industry from every angle. We have automated retailing systems that dispense everything from caviar to swimsuits, and new generation systems that dispense prescription medicines and even manage medical marijuana dispensaries," according to Illingworth. "Our new Finance and Leasing Division will generate good cash flow, and our Technology Leasing Programs are off to a strong start."
James Winsor, CEO of AVT summed up the outlook for AVT this way: "We are the only company that can custom design an automated retailing solution and have it in our customer's hands within a few weeks of the concept," he said. "Our patented technologies are the envy of the industry, and will continue to give us a commanding lead as we confidently march toward the future."
For more information on AVT, their patented technologies and licensing programs, leasing and financing, or customized automated retailing systems, please call 800-240-5175 or visit the website at www.autoretail.com.
To read the article in Investor's Business Daily, visit: http://news.investors.com/business-the-new-america/022912-602667-no-rest-for-coin-counter-coinstar.htm
To read the article in Adweek, visit: http://www.adweek.com/news/advertising-branding/why-starbucks-rebranded-seattles-best-coffee-107377
About AVT, Inc:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT is able to work with any size company to design a custom automated retailing solution that drives traffic, increases sales, improves security, and lowers overhead. With an in-house design team, software developers, mechanical engineers and on-site manufacturing, AVT can take projects from concept to completion with speed, economy and ingenuity.
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
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