New Obamacare Regulations Spark Growth in Vending Industry 2.5 million machines may need to be retrofitted or replaced by companies like AVT
CORONA, Calif., March 3, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines and automated retail stores, stated that the Healthcare Reform Act commonly known as "Obamacare," calls for making caloric information available on vending machines, which may require the retrofitting or replacement of millions of old-style units. AVT is a leader in providing the touchscreen technology and software programs that make this information available to the consumer in a compliant, colorful and engaging manner.
"The vending machine business is unique, because the consumer can't hold the product in their hands before they buy it," said James Winsor, CEO of AVT, Inc. "AVT's new Smart Technology puts the nutritional information literally at consumer's fingertips with our SmartPanel touchscreens and Adaptive Software Programming."
AVT's industry-leading systems include Smart Card technology, Google/Mobile Wallet and credit/debit card payment technology, Remote Machine Monitoring, and VendSens – AVT's proprietary system that guarantees the proper item is dispensed and received, with virtually perfect (99.998%) accuracy.
Department of Health and Human Services Secretary Kathleen Sebelius said, "Giving consumers clear nutritional information makes it easier for them to choose healthier options that can help fight obesity and make us all healthier."
Industry data indicates there is approximately one vending machine for every 40 adults in the United States. "Americans now consume about one-third of their total calories on foods prepared outside the home," said Food and Drug Administration Commissioner Margaret A. Hamburg.
"At AVT, we are transforming vending into a technologically advanced industry with interactive systems that provide consumers with quality products in an engaging environment," said Shannon Illingworth, Founder and Chairman of AVT, Inc.
"Automated Retailing is one of the fastest growing industries in the world because it empowers both consumers and retailers," Illingworth added. "AVT is the pathway for companies to stay compliant, expand distribution, attract new customers, and increase sales opportunities."
For more information on AVT, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
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SOURCE AVT, Inc.