AVT Announces Intent To Enter New Vertical Market

July 15, 2015

LOS ANGELES, July 14, 2015 /PRNewswire/ -- AVT, Inc., a leading manufacturer of automated retailing systems, self-service kiosks, and custom vending machines, announced their intent of entering the hair care services market, by providing self-service, access-controlled inventory management systems.

According to research from SBDC.net, the hair care services market in the United States includes about 86,000 establishments (82,000 beauty salons; 4,000 barber shops) with combined annual revenue of about $20 billion.

Furthermore, this is a rapidly growing market. "Revenue growth is expected to improve over the next five years, rising at an average annual rate of 3.2% to $58.7 billion by 2019," according to the report.

"Our automated system will give salon owners total control over product sales, without any oversight or shrinkage," said Wayne Salvino, President of AVT, Inc. "With our advanced self-service kiosks, both customers and employees can access products through a dynamic interface, which can be designed to play music, videos and promotional announcements, all in an access-controlled environment that provides security, along with convenience."

AVT is currently seeking a software partner with leadership in the salon industry, so that the company's inventory control unit can be integrated into scheduling and other salon management systems.


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