AVT, Inc. Comments on Verizon, Walmart, and Amazon Entering the Automated Retailing Market
CORONA, Calif., Jan. 17, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com) commented on the news that major corporations, including Verizon, Walmart, Amazon and Rite Aid are entering the automated retailing market.
Verizon, ranked the 15th largest company in America, has a dedicated unit specializing in Automated Retailing. According to the Verizon website, "Automated Retail solutions allow merchants to tap into more sales opportunities by placing convenient, self-service machines in high-traffic areas. Quick, wireless transactions and near real-time reporting on inventory and sales data help to control costs. And customers get immediate access to the items they want any time."
Rite Aid unveiled what it called its "next generation" Wellness store that features an easy-to-use kiosk that allows customers to conveniently order glasses and contact lenses and try on new frames. Rite Aid is one of the nation's leading drugstore chains with more than 4,600 stores and fiscal 2012 annual revenues of $26.1 billion.
Walmart, the world's leading retailer, already uses automated retailing systems for their photo department and now for Rug Doctor rentals. According to KioskMarketplace.com, the automated systems allow Walmart to "increase photo center traffic and revenue from high-margin products without dedicated labor."
Amazon has new self-service lockers that allow customers to securely pick up their merchandise at convenient automated centers throughout the nation. AVT has developed similar systems that are being utilized by one of their major customers.
AVT is the nation's leader in providing customized self-service solutions, and has developed systems for some of the biggest companies in the world, as well as smaller companies that want to expand distribution, lower costs, and increase sales.
AVT is currently on track to reach $50 million in revenues. "We expect to be a $100 million dollar company in the near future," states Shannon Illingworth, Chairman and Founder of AVT. "We continue to beat all of our projections, and find such a strong demand for our products and services, that our financial forecasts need to be raised several times throughout the year."
For more information on AVT, please call 800-240-5175 or visit the website at www.autoretail.com.
For more information on Verizon Automated Retailing Solutions, visit: http://www.verizonbusiness.com/solutions/connected-machines/automated-retail/
For more information on Rite Aid Wellness Stores, visit: http://www.riteaid.com/company/news/news_details.jsf?itemNumber=1623
For more information on the Walmart Rug Doctor Automated Systems, visit: http://www.cnbc.com/id/100358641/AVT_Inc_Award_Winning_SelfService_Systems_Now_in_Over_3000_Walmart_Stores
For more information on the Amazon lockers, visit: http://www.amazon.com/gp/help/customer/display.html?nodeId=200689010
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
SOURCE AVT, Inc.