CORONA, Calif., Sept. 8, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems and custom vending machines, announced today that their patent on the wireless control of vending machines (U.S. Patent number 8,191,779), has been reexamined and upheld for a second time by the United States Patent Office.
This latest reexamination is highly meaningful because it marks the third time the patent has been examined, and the second time it has been subsequently challenged and upheld. This provides a demonstrably high level of validity to the patent, and makes it immediately both impenetrable and enforceable.
The patent covers the wireless management of vending machines, of which there are over 4,600,000 in the United States.
According to James Winsor, CEO of AVT, Inc., the company will begin licensing vending operators right away. "We look forward to working with the nation's vending machine operators to help them embrace the future, better manage their machines and inventory, accept credit card payments, receive comprehensive sales reports, and streamline system operations," he stated. "We will be providing incentives to the vending owners and manufacturers that contact us to arrange and finalize their licensing agreements within the next 30 days."
The company also announced that they are partnering with one of America's leading patent-enforcement law firms to help them manage the process of licensing the over 1600 vending operators in the country.
"We anticipate that the vast majority of vendors will see the many benefits of obtaining a licensing agreement with AVT," Winsor stated. "Moreover, with our incentives and highly favorable terms for early adopters, obtaining a licensing agreement now with AVT is not only the economical choice for vendors throughout the nation, but it is the smart choice as well."
Industry experts state that if even if a relatively small percentage of the nation's vending machines become licensed by AVT's patent, it could add up to over $1.3 billion in revenue for the company each year.
For more information on AVT, or to arrange for a Licensing Agreement, call (877) 424-3663.
Visit the company website at: www.autoretail.com.
ABOUT AVT:
AVT is a public company (ticker: AVTC), with a record of over 15-years of success and industry-changing innovation. AVT provides custom solutions to companies seeking an automated platform to increase sales, expand distribution, control lift, lower overhead, and enhance brand awareness.
Forward-Looking Statements: The statements in this and all of our press releases constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as economic conditions. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
