Research Report Predicts Automated Microstores to Grow to Over 35,000 Locations "This could be a $7 billion opportunity"
CORONA, Calif., Dec. 23, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines, business opportunities, and kiosks, commented today on a research report that predicted over 35,000 Micromarket locations within the decade.
The study, written by noted market research company Bachtelle and Associates, and published in Vending Times Magazine, said that this is a "new channel" and is "driving more sales, pleasing customers and exciting our industry."
"We predict that there will be 13,000 Micromarkets on location by 2015, and 35,000 within a decade," Brad Bachtelle stated.
AVT is a leader in Micromarket design and development. From their unique UShop systems, to the Marley Automated Cafes, AVT is known worldwide as one of the leading innovators in automated retailing, including self-service systems, microstores, and custom machines.
"The micromarket is not an extension of vending: it's new and different," Bachtelle pointed out. "Vending is a 'buy' system, while a micromarket operation is a 'sell' system," Bachtelle observed. "We are a retail channel."
Joanne Bethlahmy, director of Cisco Consulting Services' Internet Business Solutions Group said that the marketplace is changing – affected by urbanization and substantial movement out of the suburbs with their spacious malls, and back to the city, as reported by Vending Times.
'We think this could be a $7 billion opportunity in the United States," she predicted. According to Bachtelle, this independent evaluation from Cisco, which is not in the vending industry, validates his findings. "There's a huge opportunity here," he said. "Micromarkets are taking us to tomorrow."
"We invite people to call us to learn more about this exciting industry and find out how to participate in this phenomenal market expansion," stated James Winsor, CEO of AVT, Inc.
For more information on automated retailing systems, Micromarkets, automated malls, custom vending machines, and self-service micro-stores, contact AVT at (877) 424-3663, or visit the website at: www.autoretail.com.
To learn more about the Marley Coffee Automated Cafes, visit: www.marleycoffeestores.com
To view a video on the Utique Shops, visit: http://vimeo.com/31011017
To read the article in Vending Times, visit: http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=6693844278E04021A239E04FDBB004B3
SOURCE AVT, Inc.