AVT's Customer Medbox, Inc. Featured in Bloomberg Businessweek
"The market is potentially huge … rising to $5 billion by 2018"
CORONA, Calif., May 13, 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 their systems have been featured in an article in Bloomberg Businessweek, in a profile on one of their customer's, Medbox (MDBX).
The report found that these automated medicine dispensing systems are part of a growing market that is gaining momentum. "IBISWorld estimates sales this year will be $1.7 billion, rising to $5 billion by 2018," according to the article.
Washington State alone estimates that taxes and fees in this new industry could generate $2 billion in revenue over five years.
"We are in the right place at the right time," according to Bruce Bedrick, CEO of Medbox. "We're the leading player in an industry that's ready to explode."
This new "gold rush," as Bloomberg said, is going to become "as mainstream as Miller Lite."
To view the Bloomberg Businessweek article, visit: http://www.businessweek.com/articles/2013-05-09/medbox-dawn-of-the-marijuana-vending-machine#p1
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.
More by this Source
AVT's Custom Designed Vending Machines Winning Awards and International Acclaim
Dec 16, 2013, 09:15 ET
Rubi Exits Market, Allows AVT's Marley Coffee Kiosks to Dominate Market
Dec 12, 2013, 09:15 ET
AVT Creates Custom Vending Machines Powered By Android Operating Systems
Dec 09, 2013, 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.