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 Hot Stock to Watch |
Company: Marley Coffee (OTCBB: JAMN)
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Last:
Price: 0.359
Change (%): + 0.034 (10.46)
Volume: 443,067 |
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AVT Signs Deal to Grant Exclusive Territory Rights of Marley Coffee Micro Stores in Las Vegas
CORONA, Calif., May 8, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC), a technology leader in developing automated retailing systems, customized kiosks and micro-stores, announced that they have reached a deal to grant exclusive rights to the innovative Marley Coffee Micro Stores in the Las Vegas market to Cupful, Inc. The deal requires Cupful to purchase 300 Marley Coffee automated systems from AVT, which will provide AVT about 2,500,000.00 dollars in new revenues.
Cupful CEO Tammy Starring also owns one of the top producing Quiznos stores in the nation, as well as several other ventures. “I saw the opportunity with the Marley coffee stores, and I was impressed for three reasons,” she stated. “The Marley name is branded. The machines ease of use, size and technology. And the ability to sell advertising,” she stated. “It’s a great business model with unlimited potential,” she added. “I was also impressed with the character and integrity of the individuals at AVT. It is important to me to be involved with people of integrity both in life and in business.”
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