Movie Studios See a Threat in Growth of Redbox
from Star News Online
In 1982, just as the VHS tape was taking off, a “Star Wars” buff named Mitch Lowe had a radical idea. What about building a vending machine that could rent movies? He called his invention Video Droid. It failed. People were not yet comfortable using credit cards for casual transactions, the tapes broke easily and the technology involved with manipulating their bulk proved too expensive.
But Mr. Lowe did not give up, and his moment seems to have finally come.
Mr. Lowe, 56, is now the president of Redbox, a fast-growing company in Illinois that rents movies for $1 a day via kiosks. By December, there will be 22,000 Redbox machines in spots like supermarkets, Wal-Mart Stores and fast-food restaurants.
Sweet Tooth Economics in Play with New Tax
from Suburban Journals
The cost of fetching a candy bar or chips is about to cost more, causing a big headache for companies that operate vending machines.
|| Product Showcase: Snapple Teas|
The Best Stuff on Earth just got better. All natural flavorful Teas from around the world. Snapple Teas use nothing but an irresistible blend of healthy green tea, tasty black tea, real sugar and filtered water. More
Introducing Starbucks Instant Coffee Packets
from the Examiner
Starbucks is planning on debuting their instant coffee line, called Via Ready Brew at the end of September. Starbucks instant coffee has already been on the shelves in both Seattle, as well as Illinois. With a positive customer reaction to the Starbucks instant coffee packets, the company is ready to jump into the $17 billion dollar annual market. More
Bathing Suits Join Gum and Soda in Vending Machines
from The Detroit Free Press
Quiksilver will sell a limited collection of boardshorts with designs from the '70s and '80s and women's bikinis in what it says will be the first-ever boardshort/bikini vending machines. The first vending machine to sell the swimwear pieces is on the rooftop pool deck at the Standard hotel in downtown L.A. The boardshorts also are available online at shopthestandard.com and at the Standard boutiques for $75 each.
|Corporate Social Responsibility|
'Green the Capitol' Initiatives Save Energy, Set a Good Example
from USA Today
Two years ago, the Capitol was full of trash — literally.
The House of Representatives alone used to dispose of 240,000 meal remains each month, all served on plastic plates or in Styrofoam containers. It was all thrown in the trash and taken to landfills, says Karissa Marcum, deputy press secretary for the chief administrative officer for the House of Representatives.
|| Product Showcase: USA Technologies|
Increase revenue, raise vend prices without losing volume, and improve profit margins with the ePort Cashless Payment System from USA Technologies. This one-stop solution includes hardware, transaction processing, online reporting, consumer services and access to Business Deployment Planning to help ensure successful implementation. Get started today with the ePort EDGE priced at only $199. More
Visit us at the NAMA National Expo Booth #419
Special education promotion at the National Expo!
Visit NAMA Booth #719 and speak to a NAMA representative to register for the MSU Executive Development Program and receive a $300 discount! This offer is good only for the November 15-18, 2009 session at Michigan State University. Click here to view the full brochure and program details.