AVT Launches New UShop Automated Store Pilot Program
AVT creates new revenue stream by tapping into $262 billion online shopping market
CORONA, Calif., July 22, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, customized kiosks and self service stores, announced that they are launching a pilot program of their "UShop Experience," a revolutionary automated store that adds the dynamic of online product ordering.
AVT's UShops carry 28 SKUs, and feature an interface so that people can browse and order from the entire line of merchandise. The online shopping site can be accessed either at the UShop kiosk, or on a personal computer, tablet or mobile device.
The move allows AVT to generate new revenues from online sales – a market expected to reach $262 billion in the US this year according to Forbes, and growing to over $370 billion within the next 3 years.
Merchandise in the systems is custom selected for each location, based on the demographics and buying preferences of the target audience. Items are unique, attention grabbing, and have a proven track record of selling fast.
"The UShop system and online shopping experience opens up a whole new world to AVT, and creates a tremendous opportunity for us to generate growth in new markets and industries," said Shannon Illingworth, Chairman and Founder of AVT, Inc. "We are making it possible for any customer, anywhere in the world, to purchase sought-after merchandise, either through our automated retailing systems or online stores."
"This is another game changer for AVT, and we expect to see significant growth out of this new revenue stream," according to James Winsor, CEO. "We strive to continue to innovate and develop industry leading systems that provide value to our customers, our company, and our shareholders."
Find out more by calling AVT today at (877) 424-3663
Or visit the website at: www.autoretail.com.
To read the Forbes article on online sales, visit: http://www.forbes.com/sites/forrester/2013/03/14/us-online-retail-sales-to-reach-370b-by-2017-e191b-in-europe/
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 operates five divisions: Manufacturing and sales of automated retailing systems; leasing and financing; technology licensing, patented backend system management; and a media advertising network.
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
SOURCE AVT, Inc.
More by this Source
Vending MarketWatch Profiles Company that Got it Right and Generated a 29% Customer Increase
Mar 06, 2014, 09:15 ET
New Obamacare Regulations Spark Growth in Vending Industry
Mar 03, 2014, 09:15 ET
International Business Times Says Companies Cashing in on Cannabis
Feb 24, 2014, 09:15 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.