AVT Acquires Intellectual Property and Patent Rights to Pop N Go Technology
CORONA, Calif., Nov. 14, 2012 /PRNewswire/ -- AVT, Inc. (Ticker: AVTC) (www.autoretail.com) announced that they have acquired the intellectual property and patent rights to Pop N Go automated, self-service fresh popcorn dispensing systems.
Already the sole manufacturer of the Pop N Go machines, AVT acquired the rights to these self-service popcorn making systems and expects to increase the number of machines built and distributed worldwide.
The Pop N Go system is a completely self-contained machine with only a 2-foot square footprint, that can make a 46 ounce cup of fresh, hot popcorn on demand, while allowing the customer to watch the popping process.
Pop N Go's colorful machine includes a moving color LED display, neon lights, and big windows through which the popping process can be viewed.
The highly visible and entertaining system makes it attractive in many environments, including schools, hospitals, supermarkets, convenience stores, bowling alleys, bars, military bases, shopping malls and gas stations.
"We are pleased to have acquired the patent rights and intellectual property of Pop N Go," stated Shannon Illingworth, Chairman and Founder of AVT, Inc. "The ability to provide a fresh, healthy snack on demand combined with our digital signage system makes the Pop N Go system a perfect fit for thousands of locations."
According to the U.S. Popcorn Board, Americans consume 16 billion quarts of popcorn annually or 52 quarts per man, woman and child. It is one of the most wholesome and economical foods available. In fact, air-popped popcorn - such as the method used in the Pop-N-Go systems - have only 31 calories per cup.
As one of the fastest growing segments of the $60 billion snack food service market, freshly popped popcorn is a nutritious whole grain that helps meet the need for healthier snack alternatives for adults and children.
For more information on AVT, please contact the Investor Relations Department at 800-240-5175 or visit AVT's website at www.autoretail.com.
AVT, Inc. is a high quality leader in the automated retailing industry, offering technology solutions at 50% less than the best-known competitor. The company employs patented computer technology and highly advanced, proprietary software programs in their self-service systems, which can be configured to dispense a wide variety of items - from health products and cosmetics, to swimsuits, sunglasses, coffee, and smart phones.
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 and cost efficiency.
AVT's stock is traded through the OTC Bulletin Board Markets, Ticker Symbol: AVTC.OB.
For more information on AVT, custom vending, or the Automated Retailing Industry, visit www.autoretail.com.
SOURCE AVT, Inc.