AVT Inks Deal with Neebo to Install Marley Coffee Kiosks Within College Bookstores
Large order of Automated Cafes will give AVT up to $2.5 million in new revenues
CORONA, Calif., June 17, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a technology leader in developing automated retailing systems, customized kiosks and micro-stores, announced that they have reached a deal with Neebo, Inc. (NEEB*), beneficial owner of Nebraska Book Company, Inc. and an industry leader in solutions for the college store marketplace, to provide Marley Coffee Automated Stores at college campus bookstores throughout the nation.
Neebo owns one of the largest and most prestigious collections of college bookstores in the country, with over 200 locations, including many of the biggest and best known schools in the world. In one way or another, Neebo touches approximately 80 percent of the 15 million students attending institutions of higher education in the United States.
According to Joe Menichiello, Vice President of Sales and Marketing for Marley Coffee Stores, the Neebo deal is significant for a number of reasons. "The fastest growing segment of coffee drinkers are between the ages of 18 and 24, so having Marley Coffee Stores in college campuses provides a superb opportunity for AVT and our partners throughout the nation," he stated. "Additionally, Marley is an iconic brand – especially among the college age demographic, so we are very optimistic about the sales potential from these placements."
At least 40 Marley Coffee kiosks will be placed before the next semester begins in August. The majority of other Neebo college bookstores will be outfitted with Marley Coffee kiosks shortly thereafter.
The next-generation Marley Coffee Stores also provide on-screen advertising opportunities, which deliver an additional revenue stream for the owner/operators, Marley Coffee Stores, and the book store.
"We have all the components in place for explosive growth," Menichiello stated. "A great brand, a superb delivery system, a product that is in demand, and now the nation's finest chain of college bookstores."
For more information on Marley Coffee Stores, visit: www.marleycoffeestores.com
For more information on Neebo, Inc., visit: www.neebo.com
For more information on AVT, visit the website at: www.autoretail.com, or call 800-240-5175.
About AVT, Inc:
AVT is a leading developer of customized automated retailing systems, Micro-Stores, and self-service solutions. Divisions include design, manufacturing, software engineering, leasing, media, and technology licensing. 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. AVT is uniquely qualified to take projects from concept to completion with speed, economy and ingenuity. For more information, visit: www.Autoretail.com
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
About Neebo, Inc.
Neebo, Inc. is the beneficial owner of Nebraska Book Company, Inc., which began in 1915 with a single college store near the University of Nebraska campus and now operates more than 200 stores, serving more than 2 million students at colleges and universities nationwide. Nebraska Book Company, Inc. sells 6 million textbooks annually and installs more than 1,600 technology platforms and e-commerce sites at more than 2,500 stores. Additional information about Nebraska Book Company, Inc. can be found at the Company's website: http://www.nebook.com.
*Neebo, Inc. common stock is not listed, traded or quoted on any U.S. stock exchange or the OTC markets; however, trades in Neebo, Inc. common stock are reported on the OTC Grey Market under the symbol NEEB.
SOURCE AVT, Inc.
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