Company's exclusive wireless network provides a growing revenue stream in an $10 billion market
CORONA, Calif., -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, self-service stores and kiosks, announced that they have released a new version of their TSv(TM) system, which allows owners and operators to remotely manage their automated stores.
The connectivity of these systems is managed by AVT's exclusive wireless network, and acts as a revenue magnifier, providing the company with a growing monthly cash flow.
According to new research from Analysys Mason, operators of connectivity are set to make a staggering $88 billion in revenue in 2023, up from $10 billion this year.
The market-research company stated that small and medium-sized enterprises (SMEs) will grow their share of overall device connections from 14.6% in 2013 to 24.6% in 2023.
"I invite everyone to take a closer look at AVT," said James Winsor, CEO and Chief Technology Officer. "We have transformed ourselves into a leading technology company, and have developed or improved not only methods of delivering products to people through automated retailing, but we also now have an entire suite of backend management and connectivity systems that have launched AVT into a new realm, providing a substantial revenue stream and opportunities for future growth."
The company also announced that they are in development of next generation payment systems, which provides users with the ability to use alternative payment types, as well as apply discounts and coupons, and participate in Rewards Programs.
"TSv is the heartbeat of AVT," Winsor commented. "It is built into each of our systems, and provides a level of connectivity that has never before been possible," he added.
These are exciting times at AVT as we continue to find new ways to advance our industry, our company, and our value."
Retailers, business owners, and entrepreneurs seeking more information on how AVT's automated retailing systems can help their business grow should contact AVT's corporate offices at (877) 424-3663, or visit the website at: www.autoretail.com.
To read about the M2M research study, visit: http://telecomengine.com/article/m2m-connectivity-revenues-hit-88-billion-2023-analysys-mason
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT designs automated retailing solutions that drive traffic, increase sales, improve security, and lower overhead. With an award-winning team of software developers, mechanical engineers, designers and on-site manufacturing, AVT can take projects from concept to completion with speed and value.
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
Find out more by calling AVT today at (877) 424-3663, or visit the website at: www.autoretail.com.