LOS ANGELES, Jan. 9, 2007 (PRIME NEWSWIRE) -- Automated Vending Technologies, Inc. (Pink Sheets:AVDT) has announced that it has signed a distribution agreement with MATCO VENDING covering the New England states and parts of the Northeast, including Vermont, Massachusetts, Connecticut, New Hampshire, Maine, New York, Rhode Island and New Jersey. AVT will be the sole and exclusive provider of its new RAM 4000 and RAM 5000 series Vending Machines and will also be supplying Coin and Bill Acceptors, CoinCo 3 Tube Coin Changer, *VMS(r) (Remote Monitoring System), Media Control Board, LCD Media Display w/ Housing Bezel, AVTi Media Creation Services Touch Screen Vend, TSV (Software/hardware kit -- No PC), and Magnetic Card Swipe.
"This distribution and Purchase Order agreement represents a remarkable stepping stone for AVDT.PK and confirmation that the company is ready to deploy this technology into the Vending marketplace," said James Winsor, COO.
The agreement allows for a substantial profit for MATCO while providing long-term manufacturer support and assistance at a minimum cost to the end distributor. The minimum number of unit's projects for this initial rollout with the company is 1000 units, which should realize approximately $2.5 million in gross revenues for Automated Vending Technologies, Inc.
The modernization and acceptance of new vending technologies that accept credit and debit cards, along with sophisticated monitoring devices for total inventory control is seen as a much needed step forward by Industry analysts and Vending distributors and suppliers. This new purchase order confirms that the maker is accepting AVDT technology and the company is poised to sell into this growing need immediately. For more information on Automated Vending Technologies, Inc. visit www.avtinconline.com.
About Automated Vending Technologies: Automated Vending Technologies, Inc. (AVDT) is a vending solutions provider based in Corona, CA that has developed several unique vending machine technologies that accept debit, credit and smart cards for ease of use. This advanced technology provides for remote tracking and inventory management. The new machines also feature an advertising component through banner ad placement that AVT controls. AVT is a stable company that has grown privately for 5 years and has revenue, inventory and assets. AVT currently serves over 300 government and commercial vending accounts in Southern California.
To learn more please visit www.avtinconline.com.
Safe Harbor Provisions
CapitalPros Network was compensated $35,000 U.S. to create and distribute media for Automated Vending Technologies. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Automated Vending Technologies (the "Company") or CPN, as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.