AVT, Inc. announced that it has licensed its patented wireless vending management system to Marley Coffee Automated Stores, Inc.
According to the release, Marley Automated Coffee Stores is rapidly expanding nationwide, and recently announced that an investment fund has been created to purchase and place up to 300 new machines, which are scheduled to be placed in the best performing locations that were vacated by Outerwall's Rubi coffee kiosks.
AVT is the manufacturer of the Marley Coffee Automated Stores, and will also provide its patented wireless management system on all machines. AVT's management system gives machine owners and operators instant access to valuable information, including sales reports, inventory status, restocking alerts and marketing data.
Under the terms of the deal, AVT will receive a monthly fee for the use of their management technology on each Marley Coffee Automated Store.
"We are pleased to be able to outfit our machines with the best backend management system in the industry," said Joe Menichiello, vice president of sales and marketing at Marley Coffee Automated Stores, Inc., in a prepared statement. "AVT's proprietary technology provides an unparalleled level of customizable reporting in a sophisticated and powerful system that gives owners and operators the information they need to maximize profits, reduce costs and make smart business decisions."