CORONA, Calif., July 1 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets:AVTC.pk - News) (www.avtinconline.com) today announced it has filed a $100 million lawsuit for libel and false statements in the Superior Court of California, County of Orange, Santa Ana, California, Case #00386093, against Randall Lane, author of the new book "The Zeroes: My Misadventures in the Decade Wall Street Went Insane."
The lawsuit involves claims made in the book by Mr. Lane about AVT, former baseball All-Star Lenny Dykstra and well known TV stock analyst Jim Cramer. "We are simply not going to allow anyone to publicly defame AVT in this matter without taking action against them," said Shannon Illingworth, Company founder.
ABOUT AVT: AVT, Inc. (Pink Sheets: AVTC - News) is a vending solutions provider based in Corona, California that has developed several significant vending machine technologies that yield a more efficient and reliable yet technically advanced system. This advanced technology provides methods for cashless payment, credit card and debit card use, dynamic advertising with remote tracking and inventory management. AVT has grown privately for five years and has a strong balance sheet with current revenues, inventory and assets. AVT currently serves more than 300 government and commercial vending accounts in Southern California.
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