AVT Founder and Automated Retailing Pioneer Shannon Illingworth Gives State of the Industry Report and Forecast
North American consumers continue to embrace self-service technology, and transactions at automatic product dispensing machines will surpass $740 billion in 2010.
- (1888PressRelease) December 03, 2010 - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com).
Shannon Illingworth, the founder of AVT, Inc., was featured on a special segment of Fox Business News, discussing the Automated Retailing Industry.
"The future of retailing is all about reaching out to customers in a manner that is convenient, quick and easy - and allows them to make purchasing decisions wherever and whenever they want," he commented.
AVT is a leader in the Automated Retailing Industry, and recently announced a new product line-up that includes ultra-high end systems that can be used in malls, retail stores, airports, college campuses, hotels and cosmetic departments. These units feature exotic materials, beautiful woods and fashion-forward architecture, and come with a unique robotic arm that dispenses up to 150 items of all types, from cell phone to swimsuits, cameras to cologne.
Illingworth also spoke about Interactive Advertising, and new automated retailing systems that feature integrated LCD screens that can be programmed to play advertisements, offer coupons, and reach consumers right at the point of purchase.
"Advertisers are looking at the increasing costs and diminishing return on traditional advertising mediums, such as radio, television, newspapers and magazines,'' Illingworth stated. ''Through our proprietary IVIDS system (Interactive Video Downloading and Product Dispensing System), advertisers will have the opportunity to place ads throughout our network -- either as video commercials or as text messages -- and reach consumers at the critical point of making a purchasing decision."
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
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