Thursday, November 17, 2011
AVT Receives Multi-Million Dollar Credit Line From PMF Bancorp
The credit line is intended primarily to help support AVT's growing list of new production orders for units being placed nationwide, including in Walmart stores, major airports, hotels, health clubs and malls throughout the country.
AVT is a leader in the automated retailing industry, and designs and manufactures self-service retailing solutions for some of the top brands and retailers in the world.
The company is growing rapidly, which has necessitated developing and sourcing new production facilities and distribution centers. According to IPODesktop analyst Francis Gaskins , comparing the June 2011 quarter with the June 2010 quarter, AVT's revenue skyrocketed 150%, while gross profit leaped 95%.
PMF Bancorp is a U.S. based commercial bank lender specializing in custom working capital programs for domestic and foreign companies with branch offices throughout China and expertise in helping U.S. companies looking for financing structure and credit guarantees on Chinese companies and manufacturing partners.
In addition to proving a guaranteed line of credit, PMF Bancorp will extend their Chinese banking and business relationships to AVT to help the company procure needed production, assembly and materials, quickly, reliably, and at less cost.
For more information on AVT, please call 877.424.3663 or visit the website at www.autoretail.com.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT is able to work with any size company to design a custom automated retailing solution that drives traffic, increases sales, improves security, and lowers overhead. With an in-house design team, software developers, mechanical engineers and on-site manufacturing, AVT can take projects from concept to completion with speed, economy and ingenuity.
AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTC:PK
For more information on AVT or the Automated Retailing Industry, visit www.autoretail.com
Wednesday, October 26, 2011
AVT Provides Automated Solution for Medicine Dispensing
CORONA, Calif., Sept. 13, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Ticker: AVTCD.PK) (www.autoretail.com), continues to revolutionize the vending and automated retailing industries by offering an ATM-style kiosk that provides prescription medicine refills directly to consumers, 24-hours a day, without the need for a pharmacist or store employee.
This breakthrough system uses advanced biometric fingerprint recognition and a high definition camera to validate each transaction.
The automated prescription kiosks are being produced in partnership with Medicine Dispensing Systems, and have been awarded a U.S. Patent.
"Automated prescription dispensing will soon be in every city in America, and will be the way most people obtain their medicines," stated Vincent Mehdizadeh, CEO of Medicine Dispensing Systems. "It provides a huge convenience factor, as customers no longer have to stand in long lines or wait for their prescriptions to be filled," he added. "Plus it lowers overhead for retailers, reduces human error, and minimizes loss due to shrinkage."
Further details on the new automated prescription medicine dispensing systems can be found on AVT's websites at: www.avtinconline.com or www.autoretail.com, along with general information about AVT and their self-service retailing systems, customized vending solutions, and automated stores.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTCD.PK
Thursday, October 20, 2011
AVT, Nothing like it In The World
The transformation is already underway. And one company remains light years ahead of the competition.
Introducing AVT, and the concept of Automated Retailing. We're changing the ways consumers experience vending. No longer is it about traditional products being delivered in conventional methods.
What is the AVT advantage?
-Unmanned retail environments help to reduce labor and expand store hours
-Efficient integration of software and hardware reduces costs
-Sophisticated shop robotics redefine the automated retailing experience
-Digital advertising network creates new marketing opportunities
-Diverse offerings open new product categories and points of distribution
-Manufacturing and design expertise leads to customizable branding solutions
-Proprietary technology enables owners and operators to remotely manage systems and receive real-time sales, inventory and system diagnostic information via the Internet
Wednesday, October 12, 2011
Automated Retailing is the New Low Cost Way to Reach Consumers in Virtually Any Location. Major Retailers Getting Into the Act
LOS ANGELES, Sept. 29, 2011 /PRNewswire/ -- Today, all over the world, upscale automated retail centers offer shoppers the ability to purchase unique items in locations where they would not normally be found.
In the lobby of a luxury hotel stands a machine that dispenses gold bars and coins. In bathrooms at upscale bars, vending machines with hair products enable women to get a mini beauty treatment before heading back on to the dance floor. And at the Los Angeles Airport, people can soon download movies to a portable flash drive that will play on their computer.
But don't call them vending machines… these automated retailing centers feature stylish architecture and graphics, and have interactive touch screens that entice, entertain, and inform.
What drives this quest for automation? The answer is simple, according to Shannon Illingworth, the founder of AVT – one of the nation's leading developers of automated retailing systems. "For consumers it's about convenience and a fun shopping experience. For retailers it's about lowering costs, expanding product lines, increasing distribution, and reducing shrinkage."
AVT, which makes some of the newest high tech self-service retailing kiosks, recently completed an order for a beautiful aluminum and glass tower that dispenses electronics such as cell phones, iPods, and portable satellite navigation systems. Illingworth stated that the system is a huge hit – especially with the younger generation.
The economics make it easy to see why. Mall stores produce about $330 a square foot a year, while a 28-square-foot kiosk can generate $3,000 to $10,000 a square foot a year, according to some reports.
Does this mark the end of the retail store? Hardly, states Illingworth. Just as DVDs didn't end movie theaters, automated retailing won't replace brick and mortar stores. "We complement the store by offering an interesting variety of products to a captivated audience in locations that are not normally served," he stated. "We're the icing on the retailer's cake."
For more information about automated retailing, please visit www.autoretail.com
AVT Medicine Dispensing Kiosk
CORONA, Calif., Sept. 13, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Ticker: AVTCD.PK) (www.autoretail.com), continues to revolutionize the vending and automated retailing industries by offering an ATM-style kiosk that provides prescription medicine refills directly to consumers, 24-hours a day, without the need for a pharmacist or store employee.
This breakthrough system uses advanced biometric fingerprint recognition and a high definition camera to validate each transaction.
The automated prescription kiosks are being produced in partnership with Medicine Dispensing Systems, and have been awarded a U.S. Patent.
"Automated prescription dispensing will soon be in every city in America, and will be the way most people obtain their medicines," stated Vincent Mehdizadeh, CEO of Medicine Dispensing Systems. "It provides a huge convenience factor, as customers no longer have to stand in long lines or wait for their prescriptions to be filled," he added. "Plus it lowers overhead for retailers, reduces human error, and minimizes loss due to shrinkage."
Further details on the new automated prescription medicine dispensing systems can be found on AVT's websites at: www.avtinconline.com or www.autoretail.com, along with general information about AVT and their self-service retailing systems, customized vending solutions, and automated stores.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTCD.PK
Media Contact: James Winsor at 951-737-1057
Tuesday, September 6, 2011
AVT, Inc. Second Quarter Financials Show Strong Gains
Revenue increase based on escalation of production
CORONA, Calif., Sept. 6, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Ticker: AVTCD.PK) (www.autoretail.com), released consolidated financial statements for the period ending June 30, 2011, and they showed strong gains in key areas.
In the report filed with the SEC, revenues climbed from the end of first quarter 2011, to the end of second quarter. Gross profit also showed substantial increases.
Second quarter income surged from first quarter, a fact that company founder Shannon Illingworth attributes to the move of many projects from development, to pilot programs, to mass production.
"AVT continues to execute on our business plan, which identified key areas where we could attain leadership positions; develop the products that would meet these market needs; and turn our pilot programs into production on a large scale basis."
Further details on the company and more information on AVT and their self-service retailing systems, customized vending solutions, and automated stores, can be found on the company websites at: www.avtinconline.com or www.autoretail.com.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTCD.PK
SOURCE AVT, Inc.
Back to top RELATED LINKShttp://www.autoretail.com
Thursday, August 25, 2011
AVT Pilot Programs Move Into Production
Analyst Updates Coverage On AVT As Pilot Programs Move Into Production
CORONA, Calif., Aug. 23, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Ticker: AVTCD.PK) (www.autoretail.com), was recently the subject of an in depth research report and profile by Francis Gaskins, editor of IPODesktop.com. Company founder Shannon Illingworth and Chief Marketing Officer Mike Kiser were also interviewed.
The report stated that AVT has been growing steadily and is positioned for explosive growth in the near future as more pilot programs are transitioned into production. The research also noted that AVT's growth validates the company's core competencies and leadership in the business of automated, self-service retail solutions.
AVT spent years developing cutting-edge, proprietary technologies that were put into dozens of pilot programs. Many of those pilot programs are now entering the production phase, which is one driving force behind AVT's impressive sales growth, according to the analysis. The report stated that AVT has "20-30 successful pilot and production programs with blue chip retailers," which is dramatically increasing production and profits.
Furthermore, the company is poised for long-term growth due to their competitive advantages, including, "Intellectual property based on five pending patents enhances AVT's ability to deliver high tech services such as acceptance of credit and debit cards for cashless payment, dynamic advertising, remote tracking, and inventory management."
Growth in international markets also showed substantial gains, according to the report.
Gaskins also interviewed Shannon Illingworth, AVT company founder, and Mike Kiser, Chief Marketing Officer, about AVT's current position and forecast for the remainder of the year. To listen to the interview, follow this link: http://gaskinsco.com/linkto-avtc-august-19.shtml
To read the full research report and profile, visit http://gaskinsco.com/linkto-avtc-august-19.shtml
For more information on AVT and their self-service retailing systems, customized vending solutions, automated retailing, and automated stores, visit AVT's Websites at: www.avtinconline.com or www.autoretail.com.
About AVT:
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTCD.PK