SOURCE: Automated Vending Technologies

June 12, 2007 12:47 ET

Automated Vending Technologies Acquires Advertising Product to Significantly Increase Revenues per Vending Machine

CORONA, CA--(Marketwire - June 12, 2007) - Automated Vending Technologies (PINKSHEETS: AVDT), which has transformed food and beverage vending into a cutting edge business with the first fully integrated vending solutions in the industry, today announced another major innovation. The Company has acquired an enhanced digital signage advertising software package that will be utilized to complement its LCD Screen Display on its state-of-the-art product dispensing centers, the RAM 4000 and RAM 5000.

"Advertising involves billions of dollars of revenue annually," said AVDT President Kevin Illingworth. "While a standard flash ad on a product dispending center averages $100 per machine per month, an installed base of just 2000 vending systems displaying a maximum of 10 rotating ads can gross upwards of 2 million dollars per month of additional revenue." AVDT currently has upwards of 1000 vending systems in the operation side of its business.

"This new software package is extremely dynamic and flexible. We now have the capability of managing networks of vending machines equipped with client software and color LCDs, giving us enormous capabilities all from the ease and confidence of our computers located at our corporate headquarters in Corona, California," Mr. Illingworth said. The core software resides on one of AVDT's servers behind a virtual private network (VPN), designed and certified by Manely Solutions, which has significant expertise in network administration.

"Flexibility is inherent in the remote management. All the ads are controlled by computers within AVDT's network that have been pre-loaded with administration software and access privileges. The server uploads displaying ads to designated vending machines based on programmed scheduling date and time," Mr. Illingworth said.

This new, unique software package, along with other AVDT owned technologies, continues to position AVDT at the leading edge of the vending machine industry as it competitively and innovatively grows to fit consumer needs and convenience.

About Automated Vending Technologies

AVDT has emerged as a leader in integrated vending solutions company in the competitive vending industry. Since 2001, the Company has grown from providing vending route operations to a fully operating company with strategically established partnerships and subsidiaries. The Company prides itself on not only providing top quality vending products, but also streaming video through its revolutionary vending technology.

Automated Vending Technologies, Inc. (PINKSHEETS: AVDT) 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. AVDT has grown privately for 5 years and has a strong balance sheet with current revenues, inventory and assets. AVDT 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 Information

  • Contact:
    Automated Vending Technologies, Inc.
    Kevin Illingworth
    President
    951-737-1057

    Mercantile Ascendency
    Vince Duhon
    214-461-3500

    Market News First
    Angela Junell
    214-461-3411
    ajunell@MN1.com