CORONA, Calif., June 29, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets: AVTC) (www.autoretail.com) is pleased to announce that effective as of June 27, 2011, and following the successful implementation of a 27 unit pilot program, they have entered into a Development and Manufacturing Agreement (Agreement) with Rug Doctor, Inc. (Rug Doctor), a Delaware corporation. The Agreement has a two year term, with automatic one (1) extensions, and contemplates AVT exclusively manufacturing up to approximately 2,000 patent pending, automated self-service carpet cleaning system rental and return kiosk centers during the first year of the Agreement.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is traded through the OTCQB Markets, Ticker Symbol: AVTC. For more information on AVT and their self-service retailing systems, customized vending solutions, automated retailing, and automated stores, visit AVT's Website at: www.autoretail.com.
SOURCE AVT, Inc.
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