CORONA, Calif., March 25 AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets: AVTC) today said it is already in compliance with new requirements in the recently passed major Health Care Reform Legislation that require vending machines to include calorie count information. The information will be available so consumers can view it before making their selections.
"For more than five years, our state-of-the-art dispensing machines integrated with high resolution LCD displays have had the ability to display nutritional information as well as streaming ads that can advise consumers of whatever information the law requires," said Shannon Illingworth, Company founder. "We are delighted to be ahead of the sector in this important matter and will be exhibiting this capability during the 2010 National Automatic Merchandising Association show (NAMA) in April at the McCormick Place West Chicago, Ill."
News publications, including The New York Times, The Wall Street Journal, The Boston Globe and The Associated Press, today reported on the provision in the health care reform legislation which previously had received little publicity. It also mandates that more than 200,000 fast food and other chain restaurants must post calorie information. The Food and Drug Administration is directed to create the new national standards within one year.
"Investors and possible clients should visit our web site at (www.avtinconline.com) to learn how we are in front of Congress in this matter," Mr. Illingworth said. AVT is noted for having developed significant technologies in the dispensing machine sector, including cashless payment, credit and debit card use, and dynamic advertising with remote tracking and inventory management, yielding more efficient and reliable vending systems.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
Contact: AVT, Inc. James Winsor 951.737.1057
SOURCE AVT, Inc.