AVT Releases Predictions for the Vending Industry

Significant improvements in many areas are expected in 2016

22 Dec, 2015, 09:20 ET from AVT, Inc.

LOS ANGELES, Dec. 22, 2015 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leading manufacturer of automated retailing centers, self-service kiosks, and custom designed vending machines, released a forecast of developments the company's management believes will likely occur in the 2016 within the vending industry. These predictions include changes in many areas of the industry, including technology, marketing, and the customer experience.

"We are fortunate to have some of the best thought-leaders in the vending industry on our team," said Wayne Salvino, President of AVT, Inc. "We have compiled some of our predictions for 2016, and are sharing them with our colleagues, the media, and the general public."

  1. FDA Compliance Will Force New Technology into the Market. We believe new FDA rules regarding displaying nutritional information on vending systems will have the net effect of improving the industry as a whole. By forcing operators to adopt new technologies, the consumer experience will be enhanced, and the vending experience will continue to improve.
  2. Smart Systems will Capture and Utilize Marketing Data to Improve Sales. New automated retailing systems will be outfitted with technology that will capture consumer demographic information, and will harness that data to improve sales, deliver targeted messaging, and provide operators with valuable insight.
  3. Social Media will Become Integrated into Self-Service Systems. Already in use by a few early adopters and forward-thinking companies, social media will be integrated into automated dispensing systems for a variety of applications, including employee and customer engagement, brand evangelization, goal/reward activities, and expansion of marketing campaigns.

"We believe that automated retailing is coming into a period of wider consumer acceptance," Salvino said, "driven by the integration of new technologies, and fueled by the type of innovation that is so abundant at AVT."

For information on AVT, call (877) 424-3663, or visit: www.autoretail.com.

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Forward Looking Statements:
This announcement includes "forward-looking statements" within the meaning of US securities laws. These statements are based upon current beliefs and expectations, and can be identified by terminology such as "believes," "predicts," or similar expressions. These statements involve risks that may cause actual results to be different, and speak only as to the date they are made. The Company is not obligated to update forward-looking statements.

 

SOURCE AVT, Inc.