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Select from the options below to restrict your search. | | | | Articles Vol. 48, No. 10, October 2008
| ‘ACM’ Powers Up Portable Devices, Ad Revenue For Operators Emily Jed
NEW YORK CITY — Consumers can now charge their cellphones, PDAs and MP3 players on the fly and in a flash through a new line of Automated Charging Machines (ACMs) from Hercules Networks. The company recently began rolling out its charging stations in malls nationwide and aligned with its first vending operator partner who’s placed units in hospitals, colleges and universities throughout New York City…
| | California Governor Signs ‘Healthy’ Vending Legislation Emily Jed SANTA MONICA, CA — Gov. Arnold Schwarzenegger has signed legislation requiring vending machines on California state property to satisfy “healthy” nutrition standards. SB 441, introduced by Tom Torlakson (D-Antioch), requires that at least 35% of the food and at least one third of the beverages offered in these vending machines meet “accepted nutritional guidelines” by January 1, 2011…
| | Coinco Debuts Vantage During October’s National Vending Show Tim Sanford
ST. LOUIS — Coin Acceptors Inc. introduced the Vantage Series of bill acceptors for vending at the 2008 National Automatic Merchandising Association National Expo here. Vantage technology emphasizes increasing revenue while reducing service and operating costs…
| | MEI Unveils Cashflow Validator, Optional Note Recycling Tim Sanford
WEST CHESTER, PA — New from MEI is a bill validator and add-on recycling module designed to increase vending sales by enabling acceptance of the higher-denomination banknotes typically dispensed by automated teller machines…
| | Pepsi Q3 Net Drops, Discloses $1.2 Billion Cost-Reduction Program Emily Jed
PURCHASE, NY — PepsiCo Inc. reported a 9.6% decline in third-quarter net income, citing weak U.S. beverage sales, and lowered its profit forecast for the year as a result of the rebounding dollar. Year to date, PepsiCo's net revenue was $30.52 billion, versus $27.13 billion during the comparable period in fiscal 2007. Net income was $4.42 billion, up slightly from $4.40 billion a year earlier.
| | U.S. Mint’s ‘Green’ Campaign Promotes $1 Coins Marcus Webb WASHINGTON, DC — If George Washington and Abe Lincoln can’t persuade Americans to use $1 coins for everyday transactions, maybe Mother Earth can. The U.S. Mint is planning a four-month ad campaign, backed by a $12 million budget, that depicts coins as an environmentally conscious alternative to banknotes and urges citizens to “do their part” to help the planet by using $1 coins…
| | VMI, Cantaloupe Systems And Sprout Form Strategic Pact Tim Sanford
BERKELEY, CA — The Vending Marketing Institute, Cantaloupe Systems and Sprout are working together to embed technology, improve operational efficiency and develop interactive consumer programs for unattended retail locations. VMI members will deploy telemetry and cashless services across their; Cantaloupe’s Seed will support these deployments…
| | Amusement And Vending Industries Grapple With Worsening Credit Crisis Nick Montano
NEW YORK CITY (Oct. 2008) — This week’s turmoil in the credit and financial markets will have a lasting effect on coin-op concessions, especially equipment financing. Betson’s Bob Geschine and Firestone Financial’s David Cohen see challenges ahead, but say the industry’s top lenders are prepared. VT’s financial editor Allan Gilbert talks about the vending operator…
| | DemROCKracy: TouchTunes Continues Its Music, Politics Mix Nick Montano
NEW YORK CITY (Sept. 2008) — A special Rock The Vote playlist went live on TouchTunes jukeboxes today, six weeks before the general presidential election. It features music from the music provider’s DemROCKracy band competition – Jackie V. (Austin, TX), Otep (Los Angeles) and Mae (Norfolk, VA) – along with major artists Good Charlotte, Wyclef Jean and Christina Aguilera…
| | Ecast Explores Noncoin Media Markets; Introduces IQ Info Terminal Nick Montano
SAN FRANCISCO –– Ecast is offering a new digital media product to boost its presence in markets outside the coin-op realm. The Ecast IQ is based on the large-screen format of the EQ jukebox (see story here), but does not incorporate music and payment components…
| | Fantasy’s Eventure Portable Photobooth Is Ready For Delivery Nick Montano
SALEM, NH — Fantasy Entertainment reports that all backorders for its Eventure photobooth have been shipped and the portable model designed for the rentals and events market is now available. The photobooth company announced general availability for the machine during last month’s PDN PhotoPlus International Conference and Expo in New York City...
| | Gov. Paterson Vetoes 'Free Game' Bill, Sends Blow To New York Trade Nick Montano Gov. David A. Paterson vetoed a bill that would have amended a law prohibiting free games or balls awarded by coin-operated amusement devices. In his veto statement, the governor suggested that bonus balls or time on pinball machines or videogames might threaten the public's safety.
| | OPEN LETTER: Firestone Chief Explains Credit Crisis, Interest Rate Hike To Industry
NEWTON, MA — In an open letter to operators, distributors and factories, Firestone Financial chief David Cohen warns that the industry is likely to experience a slowdown in the fourth quarter of 2008. He also said Firestone has money to lend and will not be impacted by the credit crunch. He cautioned, however, that loans everywhere will cost more; while the Federal Reserve cut its interest rate today, the LIBOR market has increased 150 basis points in the past several weeks. As a result, the industry’s biggest commercial finance company will be raising its rates on new loans. Read Cohen’s letter here.
| | PowerPutt Begins Shipping; New Viddie Appeals To Casual Players Larisa Jayne Shewczyk ARLINGTON HEIGHTS, IL -- Incredible Technologies shipped the first 500 units of its latest videogame in late September. IT said the new PowerPutt miniature golf game meets a demand in coin-op for simple and intuitive play for all ages and both genders...
| | U-Profit Cancels Under Pressure From IAAPA Marcus Webb
ORLANDO, FL (Oct. 2008) — The U-Profit Amusement and Entertainment Business Success 2008 educational conference has been cancelled to avoid conflict with the International Association of Amusement Parks and Attractions’ annual convention and trade show. Owned and organized by Bill Carlson of Bill Carlson Cos., U-Profit was scheduled for November 16-17 at the Holiday Inn Universal here. IAAPA’s Attractions Expo is set for November 17-20 at the Orange County Convention Center…
| | ‘Score’ Provides Free Consulting To Owners Of Small Businesses Hank Schlesinger
WASHINGTON, DC — Though world-class experts in their own fields (such as vending), American small business owners typically lack the management expertise needed to see them smoothly through rough economic times. Howard Svigals is an expert and counselor in the SBA’s Score program. He offers advice to small vending operators facing a tough business environment…
| | How Vendors Can Even Out Cashflow With Credit Savvy by Raymond Joabar, American Express OPEN
NEW YORK CITY — In a slow economy, credit is an important cashflow tool that can help small businesses cover temporary cash shortages and emergency expenses, as well as invest in growth opportunities. But as useful as credit is, it’s critical to make it part of a complete cash management plan. Otherwise, you may be prone to overusing or misusing credit, instead of making it work for your business… By RAYMOND JOABAR, American Express OPEN
| | WHAT’S NEW IN BULK VENDING? October Product Review Larisa Jayne Shewczyk
Allstar leverages Hispanic TV sensation “Lola” in new tat series for girls; A&A Global highlights extraterrestrial toy mix. TNT/CEI and VenDynamics introduce their latest flat vending products…
| | EDITORIAL: Coin-Op Needs A ‘New Deal’ Marcus Webb As of this writing, Congress was busy passing a $700 billion economic rescue plan. By the time this issue mails, America will be 21 days from electing a new president. Also this year, “Web 2.0” – the user-generated, social-networked, collaborative model of the Internet – has quietly gone from controversy to consensus. Arguably, then, we’re looking at a fresh start… a “New Deal”… in New York City, Washington, DC, and Silicon Valley… By Marcus Webb
| | UPFRONT: Turn Obstacles Into Opportunities Alicia Lavay People who run trade magazines sometimes are invited to speak, as experts, with prospective suppliers about industry conditions and needs. So when a client recently asked me to address the major issues that have been affecting our industry, and offer suggestions on how we might turn these challenges into opportunities, I was very happy to do so... By Alicia Lavay-Kertes
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