Discussions Focused on the Future Growth Potential and Product Line Superiority
CORONA, CA--(Marketwire - 08/12/10) - AVT, Inc. (formerly Automated Vending Technologies), (Pinksheets:AVTC - News) (http://www.avtinconline.com/)
AVT, Inc., one of the nation's leading providers of automated retailing systems, was recently profiled in two segments on CNN Microcap News. Company founder Shannon Illingworth and company CEO James Winsor were interviewed and asked about the company's past, present and future.
Winsor commented about his expertise as an aerospace engineer and experience with companies that include United Airlines and Chase Manhattan Bank, and said that he was attracted to AVT because it is at the forefront of an industry that is poised for explosive growth. "We have moved from manufacturing vending machines that sell snacks and drinks, to a technology-based company that manufactures systems that allow businesses and entrepreneurs to sell a variety of products -- from cell phones and digital cameras, to video games and clothing -- adding convenience for the customers, along with protection from theft and real-time online inventory management."
Winsor also noted that the company has doubled the size of its headquarters this past year, and nearly doubled the size of their workforce -- bringing teams of manufacturing, mechanical engineering, and software development all in-house.
Company founder Shannon Illingworth talked about the customer experience and stated that while management is getting ready to move the stock to the big boards in the near future, they still focus on delivering the best possible service to their new and existing clients.
"Our customers are key to our success," he stated. "We accelerate the growth of small companies and take today's retailing to the next level -- creating larger distribution, additional revenue streams, and protection from pilferage."
When asked about the growth potential of AVT, Illingworth noted that the company has doubled their revenues in the past year, and is on track to triple revenues next year.
The host of the program commented that he thought the stock was undervalued, perhaps due to the perception that the company is a "mom and pop vending operator," which couldn't be farther from the truth.
In fact, according to Illingworth, AVT has changed the vending industry by utilizing technology that allows operators to use web based management systems to track inventory and monitor cash flow, plus earn additional revenue from highly targeted advertising that can be played on specially designed LCD monitors integrated into the machines.
The company has moved so far from the simple machines that many people think of, that they have coined a new term for their business category... AVT is in the "Automated Retailing Industry," which for AVT, is a fast growing and dynamic industry, indeed.
To view the CNN Microcap News Interviews, simply visit:for the James Winsor interview, http://us.lrd.yahoo.com/SIG=11hu7dond/**http%3A//www.youtube.com/watch%3Fv=nciZD_RTuYI and for the Shannon Illingworth interview,http://www.youtube.com/watch?v=m41qG2PUDqc
For more information on AVT and their advanced vending solutions, please visit the company website at: http://www.avtinconline.com/
ABOUT AVT: AVT, Inc. 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, remote tracking, and inventory management. AVT has a strong balance sheet and currently serves more than 300 government and commercial vending accounts.
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