CNN Microcap News To Manage Campaign
CORONA, Calif., June 9 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets:AVTC.pk - News) (http://www.avtinconline.com/) today said it has retained CNN Microcap News in an awareness campaign for investors.
In an article at the CNN Microcap News web site (http://www.cnncapnews.com/), AVT founder Shannon Illingworth is quoted: "AVT is a low price, high quality leader offering proprietary technology solutions at 50% less than the best known competitor. AVT offers 4th generation networks of interactive self service machines, based on systems of highly integrated PCs. Wireless connections to consumers are all controlled through a secure wireless network. We provide state-of-the-art methods for text messaging, cashless payment, credit card and debit card use plus dynamic advertising with remote tracking and inventory management."
The article says AVT "anticipates rapid internal, organic growth – a very rare occurrence in today's flat lined economy – based on its market leadership in the fast growing self service market."
"We are participating in an awareness campaign because we are very proud of our technological advances and our financial accomplishments and we believe more investors should learn about these achievements," said James Winsor, CEO. "We look forward to excellent communications with both investors and potential investors in the upcoming time period," Mr. Winsor said. There is also available an analyst report about AVT at www.gaskinsco.com/linkto-avtc.shtml .
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.
About CNN Microcap News: CNN Cap News is a PR marketing firm that represents publicly traded micro cap companies that hold proprietary technology in today's recovering market by building a simple yet effective system that can evolve rapidly to meet changing demands in the capital market. CNN Cap News also offers a full unique brand of services providing a variety of investor relation infrastructures.
CNN Cap News has a hands-on approach that allows it to assist both emerging and established companies in launching campaigns which in return will achieve measurable results. Over the past 25 years CNN Cap News has maintained a strong relationship with our clients and investors and has successfully brought a broad range of companies, products and services to the market. Our system has proven to be an outstanding way to increase awareness of a public company in the investment community, thus increasing your share holder base and movement in the market.
Thursday, June 10, 2010
Tuesday, June 1, 2010
POP N GO Completes Facilities Expansion With AVT
WHITTIER, CA--(Marketwire - 05/26/10) - Pop N Go, Inc. (Pinksheets:POPN - News) announced today that it had completed the transfer of its engineering staff, including its Chief Technical Officer, to AVT's (Pinksheets:AVTC - News) expanded plant facilities in Corona.
Production has begun on the Model N9000 and the onsite availability of Pop N Go's technical staff will streamline the manufacturing process at AVT while allowing for quicker integration of system upgrades.
Pop N Go expects the first shipments of N9000 machines to occur by late June.
For further information about this release and Pop N Go, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127
About Pop N Go, Inc.Pop N Go produces a patented hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. More information about Pop N Go can be found at http://www.popngo.com/.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.
Production has begun on the Model N9000 and the onsite availability of Pop N Go's technical staff will streamline the manufacturing process at AVT while allowing for quicker integration of system upgrades.
Pop N Go expects the first shipments of N9000 machines to occur by late June.
For further information about this release and Pop N Go, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127
About Pop N Go, Inc.Pop N Go produces a patented hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. More information about Pop N Go can be found at http://www.popngo.com/.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.
BUYINS.NET Issues AVT Inc. SqueezeTrigger Report
Approximately 1.24 Million Shares Shorted Since August 2009
Short Squeeze Expected Above $1.05
NEWPORT BEACH, Calif., May 20, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on AVT Inc. (Pink Sheets:AVTC - News) after releasing the latest short sale data through May 19, 2010. The total aggregate number of shares shorted since August 2009 is approximately 1.24 million shares. The SqueezeTrigger price for all (Pink Sheets:AVTC - News) shares shorted is $1.048. A short squeeze is expected to begin when shares of AVTC close above $1.05.
Click here to view Report: http://www.buyins.com/reports/avtc5-19-10.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/avtcstr5-19-10.jpg
Click here for Friction Factor: http://www.buyins.com/images/avtcff5-19-10.jpg
Friction Factor calculates if a fair market is being made in the shares of (Pink Sheets:AVTC - News). 26% of the previous 38 trading days have been positive or bullish-biased and 74% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors AVTC market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all U.S. stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements".
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all U.S. stocks and all Threshold Security Lists daily for which stocks have naked short positions.
INVESTMENTS & TRADING
SqueezeTrigger -- 27 billion cell database tracks EVERY short sale (not just total short interest) in all U.S. stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all U.S. stock earnings reports.
Seasonality --- predicts probability, price move and length of move based on exact time of year for all U.S. stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.
GATS -- tracks known trading strategies.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. AVTC has paid $995 per month to purchase data to be provided in six monthly reports. AVTC has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
Short Squeeze Expected Above $1.05
NEWPORT BEACH, Calif., May 20, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on AVT Inc. (Pink Sheets:AVTC - News) after releasing the latest short sale data through May 19, 2010. The total aggregate number of shares shorted since August 2009 is approximately 1.24 million shares. The SqueezeTrigger price for all (Pink Sheets:AVTC - News) shares shorted is $1.048. A short squeeze is expected to begin when shares of AVTC close above $1.05.
Click here to view Report: http://www.buyins.com/reports/avtc5-19-10.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/avtcstr5-19-10.jpg
Click here for Friction Factor: http://www.buyins.com/images/avtcff5-19-10.jpg
Friction Factor calculates if a fair market is being made in the shares of (Pink Sheets:AVTC - News). 26% of the previous 38 trading days have been positive or bullish-biased and 74% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors AVTC market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all U.S. stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements".
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all U.S. stocks and all Threshold Security Lists daily for which stocks have naked short positions.
INVESTMENTS & TRADING
SqueezeTrigger -- 27 billion cell database tracks EVERY short sale (not just total short interest) in all U.S. stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all U.S. stock earnings reports.
Seasonality --- predicts probability, price move and length of move based on exact time of year for all U.S. stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.
GATS -- tracks known trading strategies.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. AVTC has paid $995 per month to purchase data to be provided in six monthly reports. AVTC has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
Form 10-Q for AVT, INC.
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ORPLAN OF OPERATIONS
The following discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and related notes included in this report. The statements contained in this report that are not historic in nature, particularly those that utilize terminology such as "may," "will," "should," "expects," "anticipates," "estimates," "believes," or "plans" or comparable terminology are forward-looking statements based on current expectations and assumptions.
Various risks and uncertainties could cause actual results to differ materially from those expressed in forward-looking statements.
The forward-looking events discussed in this report, the documents to which we refer you and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. For these statements, we claim the protection of the "bespeaks caution" doctrine. All forward-looking statements in this document are based on information currently available to us as of the date of this report, and we assume no obligation to update any forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
The Company
AVT, Inc., is a public company. Our common stock is quoted on the Pink Sheets in the over-the-counter market.
Our primary focus is on the manufacture of vending and product dispensing systems which utilize an innovative approach of development, integration of technology and advertising media. Our products define the cutting edge of the vending industry and position us as an industry innovator.
We are also a vending operator having approximately 1,000 vending systems throughout the Los Angeles, Orange and Riverside, California counties. It is our vending operation experience over the past years that adds to the distinctive advantage and overall success as a manufacture and leader of technology based vending products. Our executive offices, engineering and manufacturing facility and warehouse are located at 341 Bonnie Circle, Suite 102, Corona, CA 92880. Our telephone number is (951) 737-1057.
We also own and operate a Mexican fast food restaurant, known as AC Mexican Food, Inc. dba, Jalapenos. The restaurant is located in a food court of a retail mall at 20532 El Toro Road, #112, Mission Viejo, CA 92692. The restaurant is a typical Mexican fast food restaurant that operates from mid morning through late evening with the majority of its business being lunch and dinner patrons.
We were originally incorporated under the laws of the State of Delaware on February 25, 1969 as Infodex, Incorporated. In October, 2005, we acquired Automated Vending Technologies, Inc., a Nevada corporation and began focusing our business on vending operations. In December, 2006 we merged our operating wholly owned subsidiary into the parent company and in January of 2008, we changed our state of domicile to the State of Nevada and renamed the company to "AVT, Inc." We operate in the State of California as "AVT Vending, Inc."
THE BUSINESS
AVT, Inc. is an innovative vending operator and manufacturer of technology based vending solutions and equipment. We currently employ a workforce of approximately 25 people and services approximately 300 commercial and government vending accounts in Southern California. We use our patent pending technologies to drive our vending innovations which are in various stages of development. AVT's technology staff ranges from electrical and mechanical engineers to software programmers and IT specialists thereby enabling us to design and control all of our unique products while keeping the "edge" on all of our developed products
Our business currently focuses on the following:
� Manufacturing of the RAM 4000 vending machine, a refrigerated beverage/snack combination vending machine containing more sophisticated technology then our competitors and offered at competitive pricing.
� Manufacturing of the RAM 5000 vending machine, a high capacity non-refrigerated snack/chip/pastry combination vending machine containing more sophisticated technology then our competitors and offered at competitive pricing.
� Manufacturing an attractive, built-in, secure access vending cabinet for hotels that do not have on-site food service. Our AEM� cabinet incorporates patent pending touch-screen to vend or TSV� which replaces both stand-alone machines and in-room locked mini-fridges while providing controlled access and a range of direct customer billing options.
� AVT has developed a variety of 'high end" PC based product dispensing systems.
� These systems are derivatives of the AVT RAM 4000 or 5000 base housing having front panels which are unique or customized to end customer's needs for digital signage or large color touch screens. These systems allow a variety of AVT designed technologies to be integrated into the system to meet specific customer needs for a custom dispensing system. Our current high end product dispensing includes the Ivend, 24Hr. Vend Mart, and Tech-Store.
� We manufacture Patent-Pending, affordable, wireless VMS� technology enabling vending machine owners/operators to remotely manage their vending systems and receive real time information via the Internet. This system also utilizes a cashless payment system enabling patrons to use credit card or membership card for completing vending transactions.
� We offer advertising via our highly visible, remotely-programmable, AVTI Media� Network video panels which are integrated into vending machine signage that creates a new opportunity for advertisers to reach consumers in a captive setting.
Our goal is to be the leader in technology based vending and product dispensing solutions that are reflective of today's "got to have it now" consumers. Serving international vending owners and operators whose desire is to have a better experience with vending equipment. We strive to grow our business by developing superior customer solutions, adapting new technologies, and pursuing appropriate mergers and acquisitions. Our growth is dependant upon the development of new technology, the incorporation of advertisement on the vending machines, the sales of our RAM 4000 and RAM 5000 systems, the introduction of the next generation Product Dispensing Centers, and the development of revolutionary vending technologies.
Vending History
Vending machines had been introduced to Americans over 70 years earlier by Thomas Adams, who installed them on New York City's elevated train platforms to sell his Chicklets gum. After World War II the vending industry grew twice as fast as the gross national product, driven by three primary factors: rising labor costs made machines an attractive alternative to human laborers; technological advances in food preservation and dispensing equipment permitted service of hot meals, sandwiches, coffee, and soft drinks; and technological advances were made in money-changing equipment. Vendors targeted "captive" markets in factories, offices, schools, and other institutions--a huge market with plenty of potential for growth and competition. The vending industry had achieved $2.5 billion in annual sales by 1960, and with statistics showing that Americans ate one in four meals away from home, vendors and stockbrokers foresaw a fine future for vending.
The Market
The vending industry is a $42 billion domestic market as reported by The Vending Times Census of the Industry 2004. This figure represents the revenues generated by vending owners/operators and excludes office coffee and manual food service. Manual food service represents an additional $10 billion in annual demand for convenience food. Vended Food Products, which include refrigerated, frozen, can/bowl pack, and other meal items represents a $3.1 billion segment. While data on vended frozen foods is not stated specifically, industry sources including Vending Times and The Automatic Merchandiser Magazine concur that frozen food is a growth category while fresh foods are declining. Frozen food machines include ice cream machines as well as frozen entree machines that require an adjacent microwave oven to heat the item.
According to the Vending Times, there are an estimated 1.4 million vending locations throughout the United States situated in manufacturing plants, factories, offices, government buildings, schools, colleges, hospitals and other public locations. These are served by approximately 9,000 vending operators. In addition, there are approximately 52,000 hotels in the United States and 300,000 worldwide according to the American Hotel & Lodging Association (www.ahma.com). There are approximately 6,000 business-oriented hotels with more than 150 rooms, and approximately 14,000 hotels with 75 to 150 rooms. The growth rate for the overall vending market is 5% annually.
Our Products and Services
We have a family of products which are geared towards improving the experience of consumers, establishments, and operators in the convenience food, digital signage and product dispensing industry.
Our current line of products and services are described below.
Automated Express Market
We have developed and created our Automated Express Market (AEM�) system which is Controlled Access Cabinet system. These custom built wood and steel based cabinets are PC based and designated for use in specialized locations such as hotels, Inns, c-stores, malls and retail stores that are limited in the ability to effectively sell and market food, convenience items or higher priced items which are subject to pilfering. The cabinets can be merchandised to dispense more than seventy-two selections including snacks, hot meals, ice cream, alcoholic and non-alcoholic beverages as well as personal amenities such as sunscreen, toothpaste, and brushes. They can also be configured for high ticket items such as cell phones, digital cameras mp3 players personal electronic devise and more. The AEM� system gives the hotel's customers the convenience of billing directly to their room through touch screen pin technology so they do not have to carry cash or coin to make purchases. The system automatically posts the charge to the guest's account by utilizing touch screen vending (TSV�) and multi-payment capabilities. AEM� cabinets have multiple payment options built in that include touch screen payment technology, credit/debit acceptors and smart card readers. We are currently exploring opportunities with many limited service hotel chains in the U.S., a market that totals more than 50,000 establishments as well as c-stores and retail stores and shopping malls.
Media Advertising
We have developed AVTi Media� which allows for an advertising medium to be added to virtually any of AVT designed systems including AEM� cabinets and all four next generation vending machines. By incorporating AVTI Media, we allow the consumer to view the media, advertising or hotel messaging while they make their selections. AVTi Media can generate advertising revenue for owners and operators in many settings such as conference rooms, hotel lobbies, airport terminals, restaurants, car rental outlets and surgery center waiting rooms. By having vending machines in prominent locations within major companies, the vending operator "owns" the valuable space that can be used to generate advertising revenue through the Digital TV Message Board or (DTVMB) technology. Our Vending Management System software allows for the management of machine inventory, repairs, collections and advertising through remote access. VMS� enables owner/operators to reduce costs and increase profits by enabling real time access to inventory levels, system status, machine service and daily receivables with little to no machine down time.
Vending Management System� (VMS)
Our VMS systems allow us to view item information for each machine to help plan for daily replenishment, sales statistics and alerts us of defects to operators as well as defect history for each machine. This technology increases operational efficiency of vending operations and helps to prevent inventory shrinkage and skimming, both major control issues in the vending industry. A key differentiator relative to the offerings of other established players in the vending machine management space is that our VMS solution works via a DSL line cellular modem or Internet Wi-Fi and be substantially less expensive to own and operate than competing systems who do not use the internet for bi-directional transmission of vending system data.
Vend Sensing System (VSS)
We have developed and have a patent pending on our VSS product to provide a surefire solution for detecting all vended items. The VSS was developed specifically to detect that a vending type of product has dropped from one of the dispensing columns directly above the sensing system and has fallen into the customer delivery bin at the base of the vending system.
The VSS is coupled directly with the vending system control electronics in such that the VSS circuitry is disabled until the vending system control electronics has received payment. Once payment has been received and the vending system starts the dispensing process, the control electronics enables the VSS circuitry to detect product which has been dispensed and has dropped into the delivery bin below. During this sensing period, the VSS circuitry is only enabled for the empirical time period it takes to detect any one of the vendible products to fall into the delivery bin.
During the sensing period of time, the VSS circuitry uses an auto-calibrated ultrasonic beam to detect if an object of just about any size, form or shape (designed for detection of any object that can be vended) has fallen into the detectable space of the customer product delivery bin. If an object (vended product) enters the detectable vending space, the VSS circuitry detects the object and in turn sends a "detected" signal to the Control Electronics. If the VSS circuitry does not detect an object has entered the customer delivery bin space within the allotted empirical time frame, the VSS circuitry returns a command signal to the control electronics that a "no vend object detected". It is the control electronics responsibility to determine the next appropriate action to take.
This invention for product detection provides many distinct and exciting advantages over conventional detection. First and foremost, the VSS is calibrated to "look" across the entire cross-sectional area of the delivery bin. This is a primary advantage over the conventional light beam detection method. The detection system is compatible in cost to that of traditional vending detection systems. The "self calibration mode allows the system to be able to retrofit into other vending systems with minimal modification needed.
Vending Machine Manufacturing, Sales and Placements
We currently manufacture next generation refrigerated and high capacity snack machines as well as standard and customized product dispensing systems. These machines have been designed to meet or exceed our specific performance specifications and give us the ability to minimize costs traditionally associated with purchasing new equipment. The manufacturing of our own equipment also allows us to incorporate our technology into the systems during at the time of production reducing the costs associated with retrofitting units. We sell these systems directly to distributors, vending operators and end users located primarily throughout the United States, Canada and Mexico. We believe that we are currently the only manufacturing entity with this capability in the vending industry, giving us a tremendous lead and advantage over our competition.
The major competitive advantages of AVT's next generation machines is they all have the capability of being configured with an integrated PC. The integrated PC allows for a variety of additional functions which include but are not limited to, cashless vending, remote sales management and media advertising for creating additional revenue through the sale and display of advertising play loops. The feature of playing multiple looping advertisements yields the possibility of adding additional stream of revenue which may exceed that of the sales of vended product. Another significant advantage is the ability to plug into a standard 120 VAC household power outlet. As an operator, AVT's experience is that the unit price of a machine and sometimes the required 220VAC circuits for the units represent major constraints to growth of a vending company. Our next generation machines will cut machine acquisition cost by greater than 50% and eliminate expensive power outlet upgrades for establishments and operators increasing placement and sales opportunities. Through the design and manufacturing of vending and product dispensing systems using new technologies, we have become a vendor of equipment for the entire gamete of food and high priced consumer electronics and dispensed items. With capabilities to produce machines that are far less expensive, less power demanding and having multi-pay options other than the traditional market standard, we have the opportunity to grow the mainstream as well as specialty segment of vending machine manufacturing and operations to become a major equipment provider to other distributors, all without a heavy capital investment.
BUSINESS STRATEGY
Manufacturing Capabilities
Our goal is to become a full service developer and manufacture of highly integrated vending systems. Over the past several years, AVT has assembled an integral team of experienced engineers and qualified technicians to develop vending solutions comprised of original and inventive technology and integrating this technology into a line of sophisticated self service products.
Our engineers use creative tools such as "Solid Works" to develop and generate CAD drawings used by our local manufacturing partners as well as our OEM manufacture in China to produce our state of the art vending systems components which are shipped to our 30 thousand square foot facility in Corona, California for integration, assembly, final testing and deployment. A multitude of electrical and software tools are also used to create AVT's proprietary control boards, sensors, and firmware used by all AVT branded product.
PRODUCTS
The RAM4000 Vending Machine
Our RAM4000 is a refrigerated vending system.. This is a refrigerated snack/beverage combo machine that uses all of our current technology to vend 4 rows of food, beverage, snack and candy or any combination thereof . The RAM4000 is ideal for smaller populated vending accounts, OCS locations and the school segment. The RAM400 uses our optional Multi-Pay system allows the machine to accept Cash, ATM, and Credit Cards. The system also accepts AVT's optional AVTi Media product and VSS product drop detection system.
The RAM5000 Vending Machine
Our RAM5000 machine is our answer to the industry's need for a higher capacity non refrigerated snack machine which utilizes all of our current technology. The RAM5000 vends 5 rows of non-refrigerated snack and candy or any combination thereof. RAM5000 is ideal for smaller populated vending accounts needing a high capacity vending machine, OCS locations and the school segment. Like the RAM4000, the RAM5000 uses our optional Multi-Pay system allows the machine to accept Cash, ATM, and Credit Cards. The system also accepts AVT's optional AVTi Media product and VSS product drop detection system.
Kiosk Systems
In addition to our vending machines, we have incorporated a line of computer and technology based kiosk systems. These kiosks will be deployed in conjunction with our line of RAM vending systems as well as being sold as self service or control center kiosks systems. All kiosks have the ability to be fitted with digital signage which runs our media software products to be come a part of AVTi Media Network.
AVTi Media
AVTi Media is an advertising medium option available basically all AVT products including our next generation vending RAM 4000/5000 vending systems. AVTi Media displays media, advertising, or hotel messaging on video screens located on the vending machine or product dispensing systems.. Consumers may view the media while they make their selections at the vending machine. AVTi Media can generate advertising revenue for owners and operators in many settings. Our target market are surgery centers, health clubs, dentist offices, retail sites, and any organization that has a high-traffic, captive audience that is striving to enhance the experience of their customers.
Fabrication
We fabricate the housing for our vending machines utilizing offshore contract manufacturers. Our final fabrication and assembly is based in Corona, California at our main facility. Local manufacturing includes approximately 10,000 sq/ft of sheet metal fabrication and 15,000 sq/ft of assembly. In-house Fabrication Capabilities include; Sheet Metal Forming, Welding, NC Punching, pot Welding, Machining and Fab Win (Fabrication Programming Software). In-House Assembly Capabilities include; Line Assembly, System Integration, QC Testing, Silk Screening, Operational Testing.
COMPETITION
There are several vending companies in Southern California and the United States. These competitors offer machine sales and vending route operations much the same as we do.
Our route and vending operations serve as our core business structure. Our route and vending operations utilize approximately 10 service trucks to service approximately 650 placed systems in 250 locations. Our service operation is based in Corona California and covers the primarily the areas of Riverside, Orange and Los Angeles counties. We currently compete in these counties with several other competitors. Although these are our competitors from the sense that they have offer similar route and vending services, they do not manufacture machines as we do. These competitors are as follows:
� Take a Break: Primary operations in Corona having about 20 trucks to service their routes.
� Continental: Primarily operations in Orange County having
have about 30 to 35 trucks servicing their
routes.
� Complete: Primarily operations in Riverside and San
Bernardino Counties having approximately
about 19 trucks.
Manufacturing Competition
We primarily manufacture two vending systems; a refrigerated low capacity machine, the RAM 4000, and a non-refrigerated high capacity vending machine, the RAM 5000. Both of these base models systems can house a variety of AVT designed and integrated technology making either the RAM 4000 or RAM 5000 or any one of the several derivative systems unique with the vending industry. Several of our pending patents may present a potential monopoly within the vending industry thereby forcing other manufacturing competitors to pay us for royalties or licenses fees for use of our patented technologies.
Many of our manufacturing competitors have been in business for many years building base line types of traditional vending systems. We believe that these companies are competitors for our RAM 4000 and RAM 5000 base line systems. Several of these competitors are described below.
� Crane: Which also owns Dixie Narco, AP (Auto Products) and
National Vendors is the largest manufacture of
traditional baseline vending systems.
� USI: A seasoned vending manufacture having many years in
the manufacturing of traditional baseline vending
systems.
� AMS: A large manufacture which designs its own
traditional baseline systems and has been in the
vending business for many years.
� Zoom Systems: A manufacture which does design vending systems
which integrate high levels of technology. Because
Zoom Systems integrates high levels of technology
into its systems, it would be considered one of AVT's primary competitors.
Although we have competition with vending routes and vending machine sales, we believe that as a technology based company, we are unique to the vending and kiosk industries in that we have the ability to design, develop then integrate our technology into our premium line of vending systems. Due to this specialized approach, we believe that other than Zoom Systems, we currently do not have any significant competition which is capable of integrating current technologies in the form of PC based operation, RF wireless control or similar technologies seamlessly into vending systems or products.
PATENTS
We currently have five pending patents for our technology. These pending patents are summarized below.
Multimedia System, Method for Controlling Vending Machines Serial Number 11-588,422 (Filed: October 27, 2006)
Conventional control of vending systems is typically done by using a system control board consisting of a PWB (printed circuit board) and a microcontroller supported by a group of discrete electronic components. These system components are used to control the various system functions of a vending machine i.e. spinning of auger motors, control of bill and coin acceptors, LED display feed back etc.
Our invention of Touch Screen Vending or TSV has redefined the conventional method of vending machine control. TSV empowers the use of a multimedia PC and a color touch LCD display to virtually control the complete operation of the vending machine. The PC stores a data base software program of all desired products to vend with an associated color digital image of each item. A second application program displays the color image of the intended items to vend in the exact format as seen through the glass front of the vending machine. The PC also controls the collection of currency (i.e. bill acceptor, coin acceptor, credit card reader) in place of the vending machines control board. I/O (input/output) ports from the PC are used to interface to the vending machine control board and all aspects of operation of the vending machine is under complete control by a multimedia PC coupled with the touch screen LCD.
This invention for the control of vending machines provides many distinct and exciting advantages over conventional control such as the universal language of using a touch display to select desired products to vend in place of an alphanumeric keypad. The system can generate virtually any type of report to combat money or product shrinkage while providing exact control of inventory. The LCD provides a means of generating additional revenue through advertising displayed products or other services while the system in idle mode.
Vend Operating System Claims to be amended to the Multimedia System, Method forControlling Vending Machines - Serial Number 11-588,420 (Filed: October 27, 2006)
Our Vend Operating System (Vend OS) is a next generation vending and product dispensing system utilizing a personal computer (PC) to drive the system components and utility software. The uniqueness in the system lies in that the vending system uses a PC to control the vending system as compared to the prior art in the vending industry which typically uses discrete component controllers for overall system operation and control.
Our Vend OS is broken up into two sections hardware and software. The hardware consists of the following devices: Virtual Sensing System (VSS), a USB Omni-pattern scanner, a USB Magtek Card Reader, a USB Pyramid Bill Acceptor, a MDB Coinco coin machine, a 7 inch LCD screen built-in with the Nano-ITX PC, and a portable mpeg player (allowing static media files to play in a continuous loop). The software consists of the following applications: Vending Management System (VMS), Touch Screen Vending (TSV) and AVTI Digital Signage Media.
Our Vend OS is extremely flexible in its capabilities because the product is . . .
Add AVTC.PK to Portfolio Set Alert Email to a Friend
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for AVTC.PK - All Recent SEC Filings
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ORPLAN OF OPERATIONS
The following discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and related notes included in this report. The statements contained in this report that are not historic in nature, particularly those that utilize terminology such as "may," "will," "should," "expects," "anticipates," "estimates," "believes," or "plans" or comparable terminology are forward-looking statements based on current expectations and assumptions.
Various risks and uncertainties could cause actual results to differ materially from those expressed in forward-looking statements.
The forward-looking events discussed in this report, the documents to which we refer you and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. For these statements, we claim the protection of the "bespeaks caution" doctrine. All forward-looking statements in this document are based on information currently available to us as of the date of this report, and we assume no obligation to update any forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
The Company
AVT, Inc., is a public company. Our common stock is quoted on the Pink Sheets in the over-the-counter market.
Our primary focus is on the manufacture of vending and product dispensing systems which utilize an innovative approach of development, integration of technology and advertising media. Our products define the cutting edge of the vending industry and position us as an industry innovator.
We are also a vending operator having approximately 1,000 vending systems throughout the Los Angeles, Orange and Riverside, California counties. It is our vending operation experience over the past years that adds to the distinctive advantage and overall success as a manufacture and leader of technology based vending products. Our executive offices, engineering and manufacturing facility and warehouse are located at 341 Bonnie Circle, Suite 102, Corona, CA 92880. Our telephone number is (951) 737-1057.
We also own and operate a Mexican fast food restaurant, known as AC Mexican Food, Inc. dba, Jalapenos. The restaurant is located in a food court of a retail mall at 20532 El Toro Road, #112, Mission Viejo, CA 92692. The restaurant is a typical Mexican fast food restaurant that operates from mid morning through late evening with the majority of its business being lunch and dinner patrons.
We were originally incorporated under the laws of the State of Delaware on February 25, 1969 as Infodex, Incorporated. In October, 2005, we acquired Automated Vending Technologies, Inc., a Nevada corporation and began focusing our business on vending operations. In December, 2006 we merged our operating wholly owned subsidiary into the parent company and in January of 2008, we changed our state of domicile to the State of Nevada and renamed the company to "AVT, Inc." We operate in the State of California as "AVT Vending, Inc."
THE BUSINESS
AVT, Inc. is an innovative vending operator and manufacturer of technology based vending solutions and equipment. We currently employ a workforce of approximately 25 people and services approximately 300 commercial and government vending accounts in Southern California. We use our patent pending technologies to drive our vending innovations which are in various stages of development. AVT's technology staff ranges from electrical and mechanical engineers to software programmers and IT specialists thereby enabling us to design and control all of our unique products while keeping the "edge" on all of our developed products
Our business currently focuses on the following:
� Manufacturing of the RAM 4000 vending machine, a refrigerated beverage/snack combination vending machine containing more sophisticated technology then our competitors and offered at competitive pricing.
� Manufacturing of the RAM 5000 vending machine, a high capacity non-refrigerated snack/chip/pastry combination vending machine containing more sophisticated technology then our competitors and offered at competitive pricing.
� Manufacturing an attractive, built-in, secure access vending cabinet for hotels that do not have on-site food service. Our AEM� cabinet incorporates patent pending touch-screen to vend or TSV� which replaces both stand-alone machines and in-room locked mini-fridges while providing controlled access and a range of direct customer billing options.
� AVT has developed a variety of 'high end" PC based product dispensing systems.
� These systems are derivatives of the AVT RAM 4000 or 5000 base housing having front panels which are unique or customized to end customer's needs for digital signage or large color touch screens. These systems allow a variety of AVT designed technologies to be integrated into the system to meet specific customer needs for a custom dispensing system. Our current high end product dispensing includes the Ivend, 24Hr. Vend Mart, and Tech-Store.
� We manufacture Patent-Pending, affordable, wireless VMS� technology enabling vending machine owners/operators to remotely manage their vending systems and receive real time information via the Internet. This system also utilizes a cashless payment system enabling patrons to use credit card or membership card for completing vending transactions.
� We offer advertising via our highly visible, remotely-programmable, AVTI Media� Network video panels which are integrated into vending machine signage that creates a new opportunity for advertisers to reach consumers in a captive setting.
Our goal is to be the leader in technology based vending and product dispensing solutions that are reflective of today's "got to have it now" consumers. Serving international vending owners and operators whose desire is to have a better experience with vending equipment. We strive to grow our business by developing superior customer solutions, adapting new technologies, and pursuing appropriate mergers and acquisitions. Our growth is dependant upon the development of new technology, the incorporation of advertisement on the vending machines, the sales of our RAM 4000 and RAM 5000 systems, the introduction of the next generation Product Dispensing Centers, and the development of revolutionary vending technologies.
Vending History
Vending machines had been introduced to Americans over 70 years earlier by Thomas Adams, who installed them on New York City's elevated train platforms to sell his Chicklets gum. After World War II the vending industry grew twice as fast as the gross national product, driven by three primary factors: rising labor costs made machines an attractive alternative to human laborers; technological advances in food preservation and dispensing equipment permitted service of hot meals, sandwiches, coffee, and soft drinks; and technological advances were made in money-changing equipment. Vendors targeted "captive" markets in factories, offices, schools, and other institutions--a huge market with plenty of potential for growth and competition. The vending industry had achieved $2.5 billion in annual sales by 1960, and with statistics showing that Americans ate one in four meals away from home, vendors and stockbrokers foresaw a fine future for vending.
The Market
The vending industry is a $42 billion domestic market as reported by The Vending Times Census of the Industry 2004. This figure represents the revenues generated by vending owners/operators and excludes office coffee and manual food service. Manual food service represents an additional $10 billion in annual demand for convenience food. Vended Food Products, which include refrigerated, frozen, can/bowl pack, and other meal items represents a $3.1 billion segment. While data on vended frozen foods is not stated specifically, industry sources including Vending Times and The Automatic Merchandiser Magazine concur that frozen food is a growth category while fresh foods are declining. Frozen food machines include ice cream machines as well as frozen entree machines that require an adjacent microwave oven to heat the item.
According to the Vending Times, there are an estimated 1.4 million vending locations throughout the United States situated in manufacturing plants, factories, offices, government buildings, schools, colleges, hospitals and other public locations. These are served by approximately 9,000 vending operators. In addition, there are approximately 52,000 hotels in the United States and 300,000 worldwide according to the American Hotel & Lodging Association (www.ahma.com). There are approximately 6,000 business-oriented hotels with more than 150 rooms, and approximately 14,000 hotels with 75 to 150 rooms. The growth rate for the overall vending market is 5% annually.
Our Products and Services
We have a family of products which are geared towards improving the experience of consumers, establishments, and operators in the convenience food, digital signage and product dispensing industry.
Our current line of products and services are described below.
Automated Express Market
We have developed and created our Automated Express Market (AEM�) system which is Controlled Access Cabinet system. These custom built wood and steel based cabinets are PC based and designated for use in specialized locations such as hotels, Inns, c-stores, malls and retail stores that are limited in the ability to effectively sell and market food, convenience items or higher priced items which are subject to pilfering. The cabinets can be merchandised to dispense more than seventy-two selections including snacks, hot meals, ice cream, alcoholic and non-alcoholic beverages as well as personal amenities such as sunscreen, toothpaste, and brushes. They can also be configured for high ticket items such as cell phones, digital cameras mp3 players personal electronic devise and more. The AEM� system gives the hotel's customers the convenience of billing directly to their room through touch screen pin technology so they do not have to carry cash or coin to make purchases. The system automatically posts the charge to the guest's account by utilizing touch screen vending (TSV�) and multi-payment capabilities. AEM� cabinets have multiple payment options built in that include touch screen payment technology, credit/debit acceptors and smart card readers. We are currently exploring opportunities with many limited service hotel chains in the U.S., a market that totals more than 50,000 establishments as well as c-stores and retail stores and shopping malls.
Media Advertising
We have developed AVTi Media� which allows for an advertising medium to be added to virtually any of AVT designed systems including AEM� cabinets and all four next generation vending machines. By incorporating AVTI Media, we allow the consumer to view the media, advertising or hotel messaging while they make their selections. AVTi Media can generate advertising revenue for owners and operators in many settings such as conference rooms, hotel lobbies, airport terminals, restaurants, car rental outlets and surgery center waiting rooms. By having vending machines in prominent locations within major companies, the vending operator "owns" the valuable space that can be used to generate advertising revenue through the Digital TV Message Board or (DTVMB) technology. Our Vending Management System software allows for the management of machine inventory, repairs, collections and advertising through remote access. VMS� enables owner/operators to reduce costs and increase profits by enabling real time access to inventory levels, system status, machine service and daily receivables with little to no machine down time.
Vending Management System� (VMS)
Our VMS systems allow us to view item information for each machine to help plan for daily replenishment, sales statistics and alerts us of defects to operators as well as defect history for each machine. This technology increases operational efficiency of vending operations and helps to prevent inventory shrinkage and skimming, both major control issues in the vending industry. A key differentiator relative to the offerings of other established players in the vending machine management space is that our VMS solution works via a DSL line cellular modem or Internet Wi-Fi and be substantially less expensive to own and operate than competing systems who do not use the internet for bi-directional transmission of vending system data.
Vend Sensing System (VSS)
We have developed and have a patent pending on our VSS product to provide a surefire solution for detecting all vended items. The VSS was developed specifically to detect that a vending type of product has dropped from one of the dispensing columns directly above the sensing system and has fallen into the customer delivery bin at the base of the vending system.
The VSS is coupled directly with the vending system control electronics in such that the VSS circuitry is disabled until the vending system control electronics has received payment. Once payment has been received and the vending system starts the dispensing process, the control electronics enables the VSS circuitry to detect product which has been dispensed and has dropped into the delivery bin below. During this sensing period, the VSS circuitry is only enabled for the empirical time period it takes to detect any one of the vendible products to fall into the delivery bin.
During the sensing period of time, the VSS circuitry uses an auto-calibrated ultrasonic beam to detect if an object of just about any size, form or shape (designed for detection of any object that can be vended) has fallen into the detectable space of the customer product delivery bin. If an object (vended product) enters the detectable vending space, the VSS circuitry detects the object and in turn sends a "detected" signal to the Control Electronics. If the VSS circuitry does not detect an object has entered the customer delivery bin space within the allotted empirical time frame, the VSS circuitry returns a command signal to the control electronics that a "no vend object detected". It is the control electronics responsibility to determine the next appropriate action to take.
This invention for product detection provides many distinct and exciting advantages over conventional detection. First and foremost, the VSS is calibrated to "look" across the entire cross-sectional area of the delivery bin. This is a primary advantage over the conventional light beam detection method. The detection system is compatible in cost to that of traditional vending detection systems. The "self calibration mode allows the system to be able to retrofit into other vending systems with minimal modification needed.
Vending Machine Manufacturing, Sales and Placements
We currently manufacture next generation refrigerated and high capacity snack machines as well as standard and customized product dispensing systems. These machines have been designed to meet or exceed our specific performance specifications and give us the ability to minimize costs traditionally associated with purchasing new equipment. The manufacturing of our own equipment also allows us to incorporate our technology into the systems during at the time of production reducing the costs associated with retrofitting units. We sell these systems directly to distributors, vending operators and end users located primarily throughout the United States, Canada and Mexico. We believe that we are currently the only manufacturing entity with this capability in the vending industry, giving us a tremendous lead and advantage over our competition.
The major competitive advantages of AVT's next generation machines is they all have the capability of being configured with an integrated PC. The integrated PC allows for a variety of additional functions which include but are not limited to, cashless vending, remote sales management and media advertising for creating additional revenue through the sale and display of advertising play loops. The feature of playing multiple looping advertisements yields the possibility of adding additional stream of revenue which may exceed that of the sales of vended product. Another significant advantage is the ability to plug into a standard 120 VAC household power outlet. As an operator, AVT's experience is that the unit price of a machine and sometimes the required 220VAC circuits for the units represent major constraints to growth of a vending company. Our next generation machines will cut machine acquisition cost by greater than 50% and eliminate expensive power outlet upgrades for establishments and operators increasing placement and sales opportunities. Through the design and manufacturing of vending and product dispensing systems using new technologies, we have become a vendor of equipment for the entire gamete of food and high priced consumer electronics and dispensed items. With capabilities to produce machines that are far less expensive, less power demanding and having multi-pay options other than the traditional market standard, we have the opportunity to grow the mainstream as well as specialty segment of vending machine manufacturing and operations to become a major equipment provider to other distributors, all without a heavy capital investment.
BUSINESS STRATEGY
Manufacturing Capabilities
Our goal is to become a full service developer and manufacture of highly integrated vending systems. Over the past several years, AVT has assembled an integral team of experienced engineers and qualified technicians to develop vending solutions comprised of original and inventive technology and integrating this technology into a line of sophisticated self service products.
Our engineers use creative tools such as "Solid Works" to develop and generate CAD drawings used by our local manufacturing partners as well as our OEM manufacture in China to produce our state of the art vending systems components which are shipped to our 30 thousand square foot facility in Corona, California for integration, assembly, final testing and deployment. A multitude of electrical and software tools are also used to create AVT's proprietary control boards, sensors, and firmware used by all AVT branded product.
PRODUCTS
The RAM4000 Vending Machine
Our RAM4000 is a refrigerated vending system.. This is a refrigerated snack/beverage combo machine that uses all of our current technology to vend 4 rows of food, beverage, snack and candy or any combination thereof . The RAM4000 is ideal for smaller populated vending accounts, OCS locations and the school segment. The RAM400 uses our optional Multi-Pay system allows the machine to accept Cash, ATM, and Credit Cards. The system also accepts AVT's optional AVTi Media product and VSS product drop detection system.
The RAM5000 Vending Machine
Our RAM5000 machine is our answer to the industry's need for a higher capacity non refrigerated snack machine which utilizes all of our current technology. The RAM5000 vends 5 rows of non-refrigerated snack and candy or any combination thereof. RAM5000 is ideal for smaller populated vending accounts needing a high capacity vending machine, OCS locations and the school segment. Like the RAM4000, the RAM5000 uses our optional Multi-Pay system allows the machine to accept Cash, ATM, and Credit Cards. The system also accepts AVT's optional AVTi Media product and VSS product drop detection system.
Kiosk Systems
In addition to our vending machines, we have incorporated a line of computer and technology based kiosk systems. These kiosks will be deployed in conjunction with our line of RAM vending systems as well as being sold as self service or control center kiosks systems. All kiosks have the ability to be fitted with digital signage which runs our media software products to be come a part of AVTi Media Network.
AVTi Media
AVTi Media is an advertising medium option available basically all AVT products including our next generation vending RAM 4000/5000 vending systems. AVTi Media displays media, advertising, or hotel messaging on video screens located on the vending machine or product dispensing systems.. Consumers may view the media while they make their selections at the vending machine. AVTi Media can generate advertising revenue for owners and operators in many settings. Our target market are surgery centers, health clubs, dentist offices, retail sites, and any organization that has a high-traffic, captive audience that is striving to enhance the experience of their customers.
Fabrication
We fabricate the housing for our vending machines utilizing offshore contract manufacturers. Our final fabrication and assembly is based in Corona, California at our main facility. Local manufacturing includes approximately 10,000 sq/ft of sheet metal fabrication and 15,000 sq/ft of assembly. In-house Fabrication Capabilities include; Sheet Metal Forming, Welding, NC Punching, pot Welding, Machining and Fab Win (Fabrication Programming Software). In-House Assembly Capabilities include; Line Assembly, System Integration, QC Testing, Silk Screening, Operational Testing.
COMPETITION
There are several vending companies in Southern California and the United States. These competitors offer machine sales and vending route operations much the same as we do.
Our route and vending operations serve as our core business structure. Our route and vending operations utilize approximately 10 service trucks to service approximately 650 placed systems in 250 locations. Our service operation is based in Corona California and covers the primarily the areas of Riverside, Orange and Los Angeles counties. We currently compete in these counties with several other competitors. Although these are our competitors from the sense that they have offer similar route and vending services, they do not manufacture machines as we do. These competitors are as follows:
� Take a Break: Primary operations in Corona having about 20 trucks to service their routes.
� Continental: Primarily operations in Orange County having
have about 30 to 35 trucks servicing their
routes.
� Complete: Primarily operations in Riverside and San
Bernardino Counties having approximately
about 19 trucks.
Manufacturing Competition
We primarily manufacture two vending systems; a refrigerated low capacity machine, the RAM 4000, and a non-refrigerated high capacity vending machine, the RAM 5000. Both of these base models systems can house a variety of AVT designed and integrated technology making either the RAM 4000 or RAM 5000 or any one of the several derivative systems unique with the vending industry. Several of our pending patents may present a potential monopoly within the vending industry thereby forcing other manufacturing competitors to pay us for royalties or licenses fees for use of our patented technologies.
Many of our manufacturing competitors have been in business for many years building base line types of traditional vending systems. We believe that these companies are competitors for our RAM 4000 and RAM 5000 base line systems. Several of these competitors are described below.
� Crane: Which also owns Dixie Narco, AP (Auto Products) and
National Vendors is the largest manufacture of
traditional baseline vending systems.
� USI: A seasoned vending manufacture having many years in
the manufacturing of traditional baseline vending
systems.
� AMS: A large manufacture which designs its own
traditional baseline systems and has been in the
vending business for many years.
� Zoom Systems: A manufacture which does design vending systems
which integrate high levels of technology. Because
Zoom Systems integrates high levels of technology
into its systems, it would be considered one of AVT's primary competitors.
Although we have competition with vending routes and vending machine sales, we believe that as a technology based company, we are unique to the vending and kiosk industries in that we have the ability to design, develop then integrate our technology into our premium line of vending systems. Due to this specialized approach, we believe that other than Zoom Systems, we currently do not have any significant competition which is capable of integrating current technologies in the form of PC based operation, RF wireless control or similar technologies seamlessly into vending systems or products.
PATENTS
We currently have five pending patents for our technology. These pending patents are summarized below.
Multimedia System, Method for Controlling Vending Machines Serial Number 11-588,422 (Filed: October 27, 2006)
Conventional control of vending systems is typically done by using a system control board consisting of a PWB (printed circuit board) and a microcontroller supported by a group of discrete electronic components. These system components are used to control the various system functions of a vending machine i.e. spinning of auger motors, control of bill and coin acceptors, LED display feed back etc.
Our invention of Touch Screen Vending or TSV has redefined the conventional method of vending machine control. TSV empowers the use of a multimedia PC and a color touch LCD display to virtually control the complete operation of the vending machine. The PC stores a data base software program of all desired products to vend with an associated color digital image of each item. A second application program displays the color image of the intended items to vend in the exact format as seen through the glass front of the vending machine. The PC also controls the collection of currency (i.e. bill acceptor, coin acceptor, credit card reader) in place of the vending machines control board. I/O (input/output) ports from the PC are used to interface to the vending machine control board and all aspects of operation of the vending machine is under complete control by a multimedia PC coupled with the touch screen LCD.
This invention for the control of vending machines provides many distinct and exciting advantages over conventional control such as the universal language of using a touch display to select desired products to vend in place of an alphanumeric keypad. The system can generate virtually any type of report to combat money or product shrinkage while providing exact control of inventory. The LCD provides a means of generating additional revenue through advertising displayed products or other services while the system in idle mode.
Vend Operating System Claims to be amended to the Multimedia System, Method forControlling Vending Machines - Serial Number 11-588,420 (Filed: October 27, 2006)
Our Vend Operating System (Vend OS) is a next generation vending and product dispensing system utilizing a personal computer (PC) to drive the system components and utility software. The uniqueness in the system lies in that the vending system uses a PC to control the vending system as compared to the prior art in the vending industry which typically uses discrete component controllers for overall system operation and control.
Our Vend OS is broken up into two sections hardware and software. The hardware consists of the following devices: Virtual Sensing System (VSS), a USB Omni-pattern scanner, a USB Magtek Card Reader, a USB Pyramid Bill Acceptor, a MDB Coinco coin machine, a 7 inch LCD screen built-in with the Nano-ITX PC, and a portable mpeg player (allowing static media files to play in a continuous loop). The software consists of the following applications: Vending Management System (VMS), Touch Screen Vending (TSV) and AVTI Digital Signage Media.
Our Vend OS is extremely flexible in its capabilities because the product is . . .
Add AVTC.PK to Portfolio Set Alert Email to a Friend
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for AVTC.PK - All Recent SEC Filings
POP N GO and FastFliks Launch Canadian Distribution
WHITTIER, CA--(Marketwire - 05/12/10) - Pop N Go, Inc. (Pinksheets:POPN - News) announced today that the Company received a commitment from Fastfliks, a Canadian operator of automated DVD rental machines, to begin placing Pop N Go's Model 9000 popcorn machines at its highest traffic locations. Fastfliks plans to eventually place at least 500 Pop N Go machines in Canada at mass merchants, schools and other high traffic locations. Pop N Go's patented popcorn vending technology coupled with AVT's (Pinksheets:AVTC - News) patented PC based vending technology has resulted in a ground breaking snack machine capable of delivering fresh healthy popcorn while providing a dynamic video experience.
"After viewing Pop N Go's breakthrough fresh popcorn on demand machine at AVT's corporate facility in California, we quickly concluded that the N9000 would be a perfect fit for our rapidly growing company. We intend to co-locate the machines with our popular DVD kiosks as well as at mass merchandisers and schools. We quickly contacted Dr. Wyman, Pop N Go's CEO, and arranged to start receiving machines in June," said Tony Fusco, Fastfliks, CEO.
"Fastfliks, with cutting edge DVD vending machine experience, provides a perfect partner to roll out Pop N Go's high tech Model 9000 healthy popcorn vending machine across Canada," stated Mel Wyman, Pop N Go CEO.
About Pop N Go, Inc.Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. More information about Pop N Go can be found at http://us.lrd.yahoo.com/_ylt=Akyo_5vUTjva0M2mm1bNb3Otcq9_;_ylu=X3oDMTE2ZTV1amZkBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDd3d3cG9wbmdvY29t/SIG=10r5fsivs/**http%3A//www.popngo.com/.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.
"After viewing Pop N Go's breakthrough fresh popcorn on demand machine at AVT's corporate facility in California, we quickly concluded that the N9000 would be a perfect fit for our rapidly growing company. We intend to co-locate the machines with our popular DVD kiosks as well as at mass merchandisers and schools. We quickly contacted Dr. Wyman, Pop N Go's CEO, and arranged to start receiving machines in June," said Tony Fusco, Fastfliks, CEO.
"Fastfliks, with cutting edge DVD vending machine experience, provides a perfect partner to roll out Pop N Go's high tech Model 9000 healthy popcorn vending machine across Canada," stated Mel Wyman, Pop N Go CEO.
About Pop N Go, Inc.Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. More information about Pop N Go can be found at http://us.lrd.yahoo.com/_ylt=Akyo_5vUTjva0M2mm1bNb3Otcq9_;_ylu=X3oDMTE2ZTV1amZkBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDd3d3cG9wbmdvY29t/SIG=10r5fsivs/**http%3A//www.popngo.com/.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.
AVT, Inc. Featured in Major News Coverage From NAMA Convention
CORONA, Calif., May 10 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets:AVTC.pk - News) today said its participation at the annual NAMA convention, the national trade association of the food, refreshment, vending, coffee service and foodservice management industries, has won it significant attention by top media outlets.
http://youtube.com/watch?v=7czj4LquFR0
The Chicago Sun-Times, with a circulation of more than 300,000, interviewed CEO James Winsor about its FLIX ON STIX, the secure movie rental and file transfer system which is considered the next major innovation in the movie rental industry. The Kiosk style dispensing machine transfers standard and high definition movies to a user owned USB memory stick for home TV, PC or mobile device playback.
The Sun-Times reported: "Got 30 seconds? That's enough time to download a movie from AVT's new FLIX ON STIX kiosk using a flash drive. It heads to about 100 western U.S. locations over next summer and fall. The cost for a three-day rental is expected to be about $4, and there's an option to purchase the movie. AVT is also rolling out a fresh popcorn vending machine and a new video game redemption kiosk that pays-out cash for used video games. Sellers are likely to get between $6 and $8 for their games. AVT's AuA title that costs $50 as a new release might go for about $25 at the kiosk."
The NBC-TV affiliate in Chicago also interviewed Mr. Winsor. "One company, AVT, is even working on a new twist on the movie rental business downloading flicks to memory sticks," the TV correspondent said. "You make a selection, ideally a new release, and you never have to worry about it being out of stock," said Mr. Winsor.
"We are pleased by the recognition we received at this annual gathering and glad that our high-tech achievements are being discussed by the media," said Shannon Illingworth, Company founder.
http://youtube.com/watch?v=7czj4LquFR0
The Chicago Sun-Times, with a circulation of more than 300,000, interviewed CEO James Winsor about its FLIX ON STIX, the secure movie rental and file transfer system which is considered the next major innovation in the movie rental industry. The Kiosk style dispensing machine transfers standard and high definition movies to a user owned USB memory stick for home TV, PC or mobile device playback.
The Sun-Times reported: "Got 30 seconds? That's enough time to download a movie from AVT's new FLIX ON STIX kiosk using a flash drive. It heads to about 100 western U.S. locations over next summer and fall. The cost for a three-day rental is expected to be about $4, and there's an option to purchase the movie. AVT is also rolling out a fresh popcorn vending machine and a new video game redemption kiosk that pays-out cash for used video games. Sellers are likely to get between $6 and $8 for their games. AVT's AuA title that costs $50 as a new release might go for about $25 at the kiosk."
The NBC-TV affiliate in Chicago also interviewed Mr. Winsor. "One company, AVT, is even working on a new twist on the movie rental business downloading flicks to memory sticks," the TV correspondent said. "You make a selection, ideally a new release, and you never have to worry about it being out of stock," said Mr. Winsor.
"We are pleased by the recognition we received at this annual gathering and glad that our high-tech achievements are being discussed by the media," said Shannon Illingworth, Company founder.
Subscribe to:
Posts (Atom)
