AVT Signs Deal to Grant Exclusive Territory Rights of Marley Coffee Micro Stores in Las Vegas
CORONA, Calif., May 8, 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 to grant exclusive rights to the innovative Marley Coffee Micro Stores in the Las Vegas market to Cupful, Inc. The deal requires Cupful to purchase 300 Marley Coffee automated systems from AVT, which will provide AVT about $2,500,000.00 in new revenues.
Cupful CEO Tammy Starring also owns one of the top producing Quiznos stores in the nation, as well as several other ventures. "I saw the opportunity with the Marley coffee stores, and I was impressed for three reasons," she stated. "The Marley name is branded. The machines ease of use, size and technology. And the ability to sell advertising," she stated. "It's a great business model with unlimited potential," she added. "I was also impressed with the character and integrity of the individuals at AVT. It is important to me to be involved with people of integrity both in life and in business."
AVT management met with Starring at the recent NAMA show. "We are extremely gratified to be partnered with Tammy and Cupful, Inc.," Shannon Illingworth, Founder and Chairman of AVT stated. "Virtually every automated retailing opportunity under the sun was on display at the NAMA show, and to have generated so much interest and closed so many deals while our competitors were literally all around us, really validated our technology, our products, and the quality of our personnel."
AVT introduced the second-generation Marley Coffee Micro Stores at the NAMA Show. The systems are the world's first touch-screen interactive automated cafes that can deliver a freshly ground and brewed cup of gourmet Marley coffee, espresso or cappuccino, in less than a minute. Some of the Micro Stores also will feature Marley accessories, cups, and both ground and whole bean coffee in a variety of blends.
"Marley Coffee is a strong brand that is gaining immense popularity," Illingworth stated. "Marley's CEO recently announced that they have expanded distribution and will be in Kroger's - the nation's largest grocery chain, so people will be able to enjoy the great Marley flavor at home and when on the road, at work, at school, or in an airport through our automated Micro Stores," he added. "We believe that the once people try Marley Coffee, they will be a dedicated customer for life – which helps build business for our automated Micro Stores."
Each Marley Coffee Micro Store is currently generating about $1500 - $2000 a month in sales, providing a return on investment (ROI) in less than one year.
This is a substantial contract for both AVT and for Marley Coffee - who projects this deal will provide over one million a year in new sales for their parent company – Jammin Java.
For more information on Marley Coffee (OTCBB: JAMN.OB), visit: www.marleycoffee.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
SOURCE AVT, Inc.