Vigix Vending Kiosk Debuts at Berkshire Hathaway Annual Meeting


OMAHA, Neb., May 07, 2012 (BUSINESS WIRE) -- Many attendees of this weekend's Berkshire Hathaway annual meeting saw something they'd never seen before: a complete retail store in just 2 sq. ft. of floor space. In contrast to the usual large booths selling products made by Berkshire-owned brands. Richline Group, a Berkshire Hathaway-owned jewelry manufacturer, employed the Vigix vending kiosk to sell commemorative, gold and silver coins, pendants, and money clips. Sales were strong throughout the meeting, achieving an annualized sales per square foot of more than $1,125,000.


OMAHA, Neb., May 07, 2012 (BUSINESS WIRE) -- Many attendees of this weekend's Berkshire Hathaway annual meeting saw something they'd never seen before: a complete retail store in just 2 sq. ft. of floor space. In contrast to the usual large booths selling products made by Berkshire-owned brands. Richline Group, a Berkshire Hathaway-owned jewelry manufacturer, employed the Vigix vending kiosk to sell commemorative, gold and silver coins, pendants, and money clips. Sales were strong throughout the meeting, achieving an annualized sales per square foot of more than $1,125,000.

The Vigix kiosk, with a footprint of just 2 sq. ft., delivered a convenient retail experience for shoppers, including the ability to browse product information on the kiosk's large touch screen, accept payment for items purchased, and dispense the purchases on the spot. In the words of one happy customer, "It was more convenient than shopping on the web because I got my product immediately. It's the best of both worlds!"

The revolutionary technology that makes it possible to sell and deliver products in such a small space is unique to Vigix. The proprietary no-moving-parts dispensing system is not just small, it's also exceptionally reliable. Additional proprietary technology further contributes to the efficient operation of the Vigix kiosk; the product inside the kiosk is held in a removable cartridge. This allows the entire kiosk to be refilled just by swapping an empty cartridge for a full one.

Mark Hanna, Richline's Chief Marketing Officer, is a strong proponent of the self-service Vigix unit. "Normally, retailers keep our jewelry products in locked cases, which requires a shopper to find a store clerk to learn about the product or to purchase it. With the Vigix kiosk, we can provide pictures, video, and text describing the product and allow the consumer to purchase the product herself quickly and easily. We know consumers love self-service, and Vigix is the best solution we've seen."

ABOUT VIGIX: Vigix, Inc. provides the most advanced automated retail kiosks and software for product sales and interactive marketing. Founded in 2004, Vigix kiosks have been deployed in the US, Mexico, and as far away as Australia for products ranging from cell phones to watches to beauty products. See www.vigix.com .

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50264274&lang=en

SOURCE: Vigix, Inc.



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