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AVT Comments On TheStreet.com Report: Industrial Vending Machine Sales on Fire

Businesses looking for efficiencies turn to inventory automation


News provided by

AVT, Inc.

Dec 10, 2014, 11:40 ET

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CORONA, Calif., Dec. 10, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a manufacturer of automated retailing systems and technology-infused smart vending machines, commented today on a recent article in TheStreet.com that reported on the rapidly growing Industrial Vending Machines market.

"One constant in the post-recession U.S. economy has been the voracious appetite of companies to extract efficiencies in their business," the report said. Now companies must "have their thinking caps on as to how to shave costs further among their remaining operations."

Enter the Industrial Vending Machine, which is increasingly being installed on the work floors of major manufacturers. These machines are designed to:

  1. Make employees aware and accountable for the amount of corporate resources consumed.
  2. Keep track of wasteful employees.
  3. Limit the amount of capital tied up in worker-related inventory.

"The Industrial Vending Machine tracks a company's inventory use. The machine has risen in popularity as it's not financially sound to pay an individual $15 an hour to oversee a stockroom of safety goggles, hammers and aerosol cans," according to the report.

Here is the essence of the Industrial Vending Machine:

  1. The machine takes product out of the stock room and brings it closer to the employee, which gets the item into use quicker.
  2. Through the machine's software, a manager is able to track who is removing each item. If any transaction seems inappropriate, the manager can investigate the matter. The ability to track and measure is an important tool to help fight hidden costs that eat into profits.
  3. Most importantly, a company that installs a vending machine to dispense supplies, reduces supply consumption by 40% to 50%.

"AVT was one of the first companies to introduce Industrial Vending Machines and Automated Office Supply Systems," said James Winsor, CEO of AVT, Inc. "We have worked with many large companies on their inventory and supply logistics, and have developed automated platforms that allow them to more effectively distribute products, monitor usage, and when deemed appropriate, even sell specified items directly to employees or consumers."

AVT's proprietary software will allow an employee to, for example, obtain a standard-issue item from the company vending machine at no cost, or an upgraded model at a small cost. This is particularly useful in environments where tools and gear have a high degree of personal preference.

"Our systems are custom designed," Winsor noted. "So whatever inventory challenge a company is facing, we can provide a solution."

For more information on AVT and their Industrial Vending Machine and Office Supply Dispensing Systems, please call (877) 424-3663, or visit: www.autoretail.com.

Connect:

Website: www.autoretail.com

Facebook: www.facebook.com/AVTInc

Twitter: www.twitter.com/avtincca  

Forward-Looking Statements

The statements in this and all of our press releases may contain forward-looking statements within the meaning of federal securities laws. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company's actual results to differ materially from those in its forward-looking statements include competitive factors, credit availability, sales performance, economic and social conditions, the popularity of the Company's products, and many other factors.

All of the forward-looking statements made in this report are qualified by these cautionary statements and we cannot assure that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business prospects, financial condition or results of operations. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this report apply only as of the date of this report. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even if internal estimates change, unless otherwise required by applicable securities laws.

The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Media Inquiries:
The Innovation Agency
www.inov8.us
hello(@)inov8.us

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/avt-comments-on-thestreetcom-report-industrial-vending-machine-sales-on-fire-300007813.html

SOURCE AVT, Inc.

Related Links

http://www.autoretail.com

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