Custom Vending Machines

Posts tagged ‘custom vending’

AVT provides new technology to the growing $10.2 billion cannabis market

AVT has received increased interest in their automated medicine dispensing systems, which can be used by hospitals, doctor offices, pharmacies, alternative heath clinics and marijuana dispensaries. AVT’s newly designed systems provide for the automated dispensing and secure storage of medicines and regulated products.

“We are getting inquiries about our automated medicine dispensing systems from across the nation,” James Winsor, CEO of AVT said. “Our newest systems have been engineered to have a UL safe rating that meets or exceeds state requirements, a multi-point interior locking system, a double-walled design for additional protection, plus intrusion alert with motion sensor activation,” he added. “However, we are the manufacturer. Our systems are built for and sold by our client partners, and we direct all sales inquires to them, as appropriate.”

According to Pharmacy Times, the pharmacy automation systems market is expected to grow to $7.8 billion by 2018, having been valued at 4.7 billion globally in 2011. This market gain of over 65% does not include figures for the rapidly growing legal marijuana industry, which according to CNBC, could grow to $10.2 billion.

An article in Pharmacy Purchasing and Products stated that the growth in the Automated Dispensing Systems market is not surprising, considering they provide “Improved medication security, robust tracking capabilities and inventory control, and fewer dispensing errors compared with manual systems.”

The American Academy of Orthopaedic Surgeons recently recommended using automated medicine dispensing systems. “It is apparent that the use of this technology will decrease medication errors,” they reported. “Technological solutions will continue to emerge with efforts to improve safety and quality in all aspects healthcare delivery.”

Winsor is optimistic about the growing demand for automated dispensing systems. “Our expertise in this market is second to none, and as we continue to innovate and refine our systems, we will further secure our role as a key player in the rapidly growing healthcare and legal marijuana industries.”

For more information on AVT or their custom vending machines, call (877) 424-3663, or visit: www.autoretail.com.

AVT Develops Next Generation “Smart Technology” Self-Service Micro-Stores

AVT announced that their new Micro-Store Self-Service Systems, which offer the most advanced technology in the industry, will be ready to ship in 3rd quarter, 2014.

Accordingly to research from Cisco Systems, these new automated shopping environments could be a $7 billion revenue opportunity across thousands of high-traffic venues, with payback of investment in two years or less.

AVT’s tour-de-force of technology and innovation allows system owners to offer products of a vast variety for sale to consumers, with new interactivity through customized touchscreen panels that provide instant access to an online store for almost limitless shopping.

For example, if a customer sees a beautiful shoe in the kiosk they want to purchase, but they prefer it in another color, the AVT interface can instantly offer that item in their preferred size and color through a dedicated connection to an online store. The item can be shipped to the customer’s home, or held at a retail location for pick-up.

Through the AVT Micro-Store, entrepreneurs can open a new business with almost no overhead, while attracting customers and selling products 24-hours a day.

These advanced systems allow business owners to combine online and in-person shopping paths, and deliver a unique and engaging shopping experience that takes customized automation to new heights. Integrating an online and automated store gives customers greater convenience and more shopping options, while providing system owners with more ways to reach and attract customers.

AVT’s new kiosks can be placed in almost any venue, such as airports, transit stations, shopping malls, amusement parks, stadiums, universities, hotels, workplaces, and apartment complexes… virtually anywhere people gather, indoors or out.

“Our customers have been asking for a more advanced micro store, with integration to online shopping channels,” said Shannon Illingworth, Founder and Chairman of AVT. “Our new automated platform provides business owners and entrepreneurs with the most advanced and effective system in the world, while giving customers the most engaging and comprehensive shopping experience.”

For more information on AVT or their Micro-Stores, call (877) 424-3663, or visit: www.autoretail.com.

AVT Announces 3rd Quarter 2012 Financials

.    AVT, Inc. (Ticker: AVTC) (www.autoretail.com) released their third quarter 2012 financial results, which exceeded analyst and management expectations.

 

Total revenues for the nine months ended September 30, 2012 were $10,869,269 compared to $6,269,523 for the same period in 2011. This increase of over 50% was due in part to significant manufacturing revenues and large orders of the company’s custom kiosks.

For the nine months ended September 30, 2012, net income more than doubled to $694,621, from $302,295 for the nine months ended September 30, 2011.

 

The company’s management stated that net income saw triple digit growth over the same period last year due to several factors, including increased orders from existing customers, several new pilot programs moving into production, and an improvement in the general business climate.

 

“We are proud of our achievements to date in developing new, cost-effective systems for businesses and entrepreneurs to reach new customers and enhance brand awareness through automated retailing,” stated Shannon Illingworth, Founder and Chairman of AVT, Inc. “We strive to bring quality solutions to our customers, while increasing value for our shareholders, and creating a positive work environment for our employees.”

 

Noted analyst Francis Gaskins of IPOdesktop.com said that AVT is undervalued at current prices and has tremendous upside potential.

 

“AVT’s top line revenue has grown on average 45% per year for the past five years, and continues to increase on a quarterly basis,” his report stated. “AVT is the only publicly traded pure play to participate in the growth of the high technology self-service retail space. AVT spent almost 3 years dedicated to research and development – designing componentry and entire new systems that are literally redefining the retailing world,” according to the report. “AVT’s new patent is seen as a game changer in the industry due to the enormous size of the user base, and it catapults AVT to the top of the field, as many vending manufacturers and operators will now have to work out licensing arrangements to continue using this technology.”

Gaskin’s insights are sought after and valued by the media including Bloomberg, CNBC, TheStreet.com, the Wall Street Journal, USA TODAY, Reuters, Associated Press, and Investors Business Daily. His site was named one of Forbes Best IPO Sites, and is also the number one most widely read IPO contributor on SeekingAlpha.com.

 

AVT, Inc. is an innovative developer, manufacturer and operator of technology-based product dispensing solutions and equipment. AVT combines vast market knowledge and a strong foundation of innovation with best-in-class technologies, to dramatically improve the quality of products, services and value delivered to customers.

 

This combination of expertise, experience and innovation gives AVT a distinctive advantage and contributes to the company’s overall success and position as a leader of technology-based automated retailing systems.  

 

To view a copy of the Gaskins IPOdesktop.com report, visit: http://gaskinsco.com/avtc-dec-12.pdf

 

For more information on self-service automated stores and vending machines, please visit AVT online at: www.autoretail.com.

About AVT

AVT has been building vending machines and providing innovative solutions to the worldwide market for many years. As an industry leader, we offer a full line of customized vending solutions, loaded with all the latest features.Intelligent Dispensing Solutions AVT offers methods of integrating vending into today’s cashless society, with the industries most advanced equipment, reporting and support.

AVT’s custom-oriented approach both increases convenience for consumers and expands use of vending machines into new applications – including retail environments, tools, safety equipment, office supplies, school lunches, medical supplies, and more.

The ease in which vending machines can be tracked with either a computer or hand held device is astonishing. In today’s high speed information network, we connect all the dots to make a vending business, self service kiosk, or automated retail store more successful than ever before.

For more information, visit www.autoretail.com

AVT Named to List of Top 1000 Fastest Growing Companies in the World

Read the article from TD Waterhouse, here: https://research.tdwaterhouse.ca/research/public/Stocks/PeersArticle/us/LIVE?documentKey=100-037p7525-1

AVT Creates Self-Serve Printer Cartridge Purchasing And Recycling Kiosk

Read the article here: http://www.vendingtimes.com/me2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=72825FEACEED47F088E3A86B91743ABF

USDA Issues New School Lunch Nutrition Standards

The U.S. Department of Agriculture unveiled new school nutrition rules on Jan. 25, aimed at improving child nutrition and combating childhood obesity. The regulations represent the first major change to school meal standards in more than 15 years. They will be phased in over the next three years, starting in the fall.

Under the guidelines, schools will be required to offer fruits and vegetables every day, increase the number of whole-grain foods and serve foods with less sodium and fat content than previously served. Only fat-free and low-fat milk will be allowed in school cafeterias.

In addition, the rules require portion sizes that ensure children receive calories appropriate to their age. A lunch for kindergarten through fifth grade students will contain no more than 650 calories on average. The limit goes up to 700 calories for sixth through eighth grades, and 850 calories for ninth through 12th grades.

The new requirements are part of the Healthy, Hunger-Free Kids Act signed into law last year by President Barack Obama and championed by the First Lady Michelle Obama as part of her Let’s Move! campaign.

The nutritional overhaul is estimated to cost roughly $3.2 billion to implement over the next five years. The act provides more funding to schools to help cover the extra costs associated with the menu changes.

 

For more information on custom vending, please visit www.autoretail.com

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