CORONA, Calif., Dec. 8, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a manufacturer of automated retailing systems and technology-infused smart vending machines, has a portfolio of products that meet the new FDA requirements, according to company statements and an article in Digital Signage Connection.
The new rule requires operators who own or operate 20 or more vending machines to disclose calorie information for food sold from those machines. Owners of vending machines must post information for each item inside the machines - either on nearby placards, on posters, or on digital displays.
AVT "has a deep portfolio of products and solutions that already meet the new calorie-disclosure rules for food and beverages established by the U.S. Food and Drug Administration (FDA)," Digital Signage Connection reported.
The company "has developed proprietary software and a series of unique touchscreen interfaces that provide consumers with complete nutritional information, as well as the options to play games, read news, receive coupons and special offers, and enjoy free Wi-Fi," the publication stated.
According to the FDA, the regulation will affect 10,800 operators that control between 4 and 5.6 million machines. Each company will pay an estimated $2,400 to comply.
AVT management believes that the new rule will be good for the vending industry and good for consumers. "There are only a handful of vending manufacturers like AVT that can upgrade older style machines to bring them into compliance, and offer a range of digitally-smart systems that already meet the new rules," according to James Winsor, CEO of AVT, Inc. "And for consumers, the FDA rules will ensure that they are able to make informed purchasing decisions, which will spark more frequent visits to vending machines," he added. "Most importantly, our patent on the wireless communications between multiple vending machines and system operators should play a major role as the next-generation units are deployed into the market."
Over the next few years, the digital signage market will see a steady increase in revenue ranging from 4.7 to 5.6 percent. By 2017, the total digital signage market will reach $17.1 billion, according to research compiled by IHS.
For more information on AVT and their patented, smart technology systems, please call (877) 424-3663, or visit: www.autoretail.com.
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SOURCE AVT, Inc.
