CORONA, Calif., May 8, 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 they have reached a deal to grant exclusive rights to the innovative Marley Coffee Micro Stores in the Las Vegas market to Cupful, Inc. The deal requires Cupful to purchase 300 Marley Coffee automated systems from AVT, which will provide AVT about $2,500,000.00 in new revenues.
Cupful CEO Tammy Starring also owns one of the top producing Quiznos stores in the nation, as well as several other ventures. "I saw the opportunity with the Marley coffee stores, and I was impressed for three reasons," she stated. "The Marley name is branded. The machines ease of use, size and technology. And the ability to sell advertising," she stated. "It's a great business model with unlimited potential," she added. "I was also impressed with the character and integrity of the individuals at AVT. It is important to me to be involved with people of integrity both in life and in business."
AVT management met with Starring at the recent NAMA show. "We are extremely gratified to be partnered with Tammy and Cupful, Inc.," Shannon Illingworth, Founder and Chairman of AVT stated. "Virtually every automated retailing opportunity under the sun was on display at the NAMA show, and to have generated so much interest and closed so many deals while our competitors were literally all around us, really validated our technology, our products, and the quality of our personnel."
AVT introduced the second-generation Marley Coffee Micro Stores at the NAMA Show. The systems are the world's first touch-screen interactive automated cafes that can deliver a freshly ground and brewed cup of gourmet Marley coffee, espresso or cappuccino, in less than a minute. Some of the Micro Stores also will feature Marley accessories, cups, and both ground and whole bean coffee in a variety of blends.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts