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AVT, Inc. and Take10 Media Announce Next Generation Interactive Digital Signage & Movie Dispensing System
Wednesday, December 03, 2008
- Unlike Any Video Dispensing System Anywhere -
CORONA, Calif., Dec. 3 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly
Automated Vending Technologies) (Pink Sheets: AVTC) announced today that it
has signed a distinctive agreement with advertising company Take10 Media to
synergistically place, promote and sell advertising space on the AVT designed
and built Integrated Video and Interactive Dispensing System (IVIDS), an
Interactive Video Downloading and Product Dispensing System targeted for
convenience and retail chain stores. Details of the agreement included a
lucrative long term arrangement for a revenue sharing model between the two
companies.
"This exciting new product is a next generation vending system capable of
securely transferring high definition movies from the system's local computer
to a user owned USB memory stick for the purpose of in-home viewing," stated
James Winsor, AVT's Director of Engineering & Manufacturing.
Mr. Winsor said that "if the user does not own a memory stick, the system
is designed to dispense one at a nominal cost. The system has an interactive
touch display for the purpose of selecting movies from specific categories and
completing the 'rental' transaction through the use of a debit or charge card.
Movie trailers and advertisements are played on an oversized LCD display
mounted directly above the touch screen. The small footprint is ideal for "C"
stores and retail shops alike. The IVIDS system is another indication of how
AVT continues to shape the future of vending and product dispensing through
the use of technology."
Bob Bienias, CEO of Take10 Media, also located in Corona, California
stated, "This system is unlike any video product dispensing system currently
on the market in the US. The system has a distinct 'Green' advantage and
enormous potential as it addresses the major problems associated with current
video dispensing systems by eliminating out of stocks and never having to
return rented videos." Mr. Bienias stressed that interactive advertising
associated with the system will include a "pay for click" feature which will
allow advertisers the opportunity to maximize their ROI.
AVT said the system will be on display during the week of the Consumer
Electronics Show (CES) in Las Vegas, Nevada (January 8th-11th) demonstrating
USB memory stick dispensing, video downloading and interactive advertising.
Look for placement of these systems in specific retail locations throughout
the US in 2009.
ABOUT AVT:
AVT, Inc. (Pink Sheets: AVTC) is a vending solutions provider based in
Corona, California that has developed several significant vending machine
technologies that yield a more efficient and reliable yet technically advanced
system. This advanced technology provides methods for cashless payment, credit
card and debit card use, dynamic advertising with remote tracking and
inventory management. AVT has grown privately for five years and has a strong
balance sheet with current revenues, inventory and assets. AVT currently
serves more than 300 government and commercial vending accounts in Southern
California.
Forward-Looking Statements
Statements in this press release may constitute forward-looking statements
and are subject to numerous risks and uncertainties, including the failure to
complete successfully the development of new or enhanced products, the
Company's future capital needs, the lack of market demand for any new or
enhanced products the Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success of competitive
products, other economic factors affecting the Company and its markets,
seasonal changes, and other risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission. The actual results may
differ materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press release.
Contact:
AVT, Inc.
James Winsor
951-737-1057
SOURCE AVT, Inc.
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