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.
Tuesday, June 1, 2010
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.
Monday, May 3, 2010
Pop N Go Receives Record Orders for N9000
WHITTIER, CA--(Marketwire - 04/28/10) - Pop N Go, Inc. (Pinksheets:POPN - News) announced today that the Company received orders of more than $250k for Pop N Go's new Model N9000 during March. Coupling Pop N Go's patented popcorn vending technology 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 through a 22" LCD topper display. As a result of the early demand for the N9000, the Company is targeting $3 million in N9000 orders for CY 2010.
The Company also announced it will co-locate its engineering and customer tech support groups at AVT's facilities in Corona in order to streamline the integration of the Company's popping technology with AVT's vending technology software development group.
"Our Model N9000 has been designed to provide national accounts with the latest in vending technology along with access to the fast growing digital point of sale segment of the advertising market through a broadband wireless network. Machines are remotely accessible to provide real time sales and service data. Movie trailers can be shown on the high-resolution display when the N9000 is co-located with DVD rental machines. Movies and fresh popcorn in one location represent one of many applications for the N9000. We are developing turnkey solutions including a nationwide service network that will meet the demands of today's value driven national account customer. We are also working on several 'branding' opportunities for national accounts," said Mel Wyman, Pop N Go's CEO.
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 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://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.
The Company also announced it will co-locate its engineering and customer tech support groups at AVT's facilities in Corona in order to streamline the integration of the Company's popping technology with AVT's vending technology software development group.
"Our Model N9000 has been designed to provide national accounts with the latest in vending technology along with access to the fast growing digital point of sale segment of the advertising market through a broadband wireless network. Machines are remotely accessible to provide real time sales and service data. Movie trailers can be shown on the high-resolution display when the N9000 is co-located with DVD rental machines. Movies and fresh popcorn in one location represent one of many applications for the N9000. We are developing turnkey solutions including a nationwide service network that will meet the demands of today's value driven national account customer. We are also working on several 'branding' opportunities for national accounts," said Mel Wyman, Pop N Go's CEO.
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 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://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. Upgraded to OTCQB By OTC Markets
CORONA, Calif., April 23 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets:AVTC.pk - News) is pleased to announce that its stock has been upgraded by the OTC Market to OTCQB™ U.S. Registered. This is the next to the highest tier on the OTC Market as the Company pursues placement on the Over The Counter Bulletin Board (OTC BB).
OTCQB stocks are current in their reporting obligations with the U.S. Securities & Exchange Commission.
The OTCQB symbol, which is found by investors when researching stocks at http://www.otcmarkets.com/, lets investors easily identify SEC reporting companies, according to OTC Markets. Real-Time Level 2 quotes for OTCQB companies are available free to all investors at the web site.
"The OTC Market has been consistently improving, making trading more transparent and efficient and using technology in ways that benefits investors, broker-dealers and OTC-traded companies," said Shannon Illingworth, AVT founder. "We are pleased by this recognition by the OTC Market and encouraged by the increased amount of financial and other Company information we are now providing to shareholders, clients and potential investors."
OTCQB stocks are current in their reporting obligations with the U.S. Securities & Exchange Commission.
The OTCQB symbol, which is found by investors when researching stocks at http://www.otcmarkets.com/, lets investors easily identify SEC reporting companies, according to OTC Markets. Real-Time Level 2 quotes for OTCQB companies are available free to all investors at the web site.
"The OTC Market has been consistently improving, making trading more transparent and efficient and using technology in ways that benefits investors, broker-dealers and OTC-traded companies," said Shannon Illingworth, AVT founder. "We are pleased by this recognition by the OTC Market and encouraged by the increased amount of financial and other Company information we are now providing to shareholders, clients and potential investors."
Friday, April 16, 2010
Form 10-K for AVT, INC.
Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
MANAGEMENT'S DISCUSSION AND ANALYSIS
The following discussion and analysis should be read in conjunction with our audited consolidated financial statements and related notes included in this registration statement. This registration statement contains "forward-looking statements." 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. Factors that could cause actual results to differ from expectations include, but are not limited to, those set forth under the section "Risk Factors" set forth in this registration statement.
The forward-looking events discussed in this registration statement, 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.
Critical Accounting Policies
The Company's policy is to use the accrual method of accounting to prepare and present financial statements, which conform to generally accepted accounting principles. The company has elected a December 31 year-end.
The Company considers all highly liquid investments with maturities of three months or less when purchased, to be cash equivalents.
Inventories are valued at the lower of average cost.
Revenue is recognized at the time of sale upon receipt of payment.
The Company accounts for income taxes under the provisions of SFAS No. 109, "Accounting for Income Taxes." SFAS 109 requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Results of Operations
We have historically financed operations through a combination of cash on hand, cash provided from operations and the sale of our securities.
For the year ended December 31, 2009, we had revenues of $2,956,645 and total cost of goods and general and administrative expenses of $2,918,674 for net income of $35,728.
For the year ended December 31, 2009, we had revenues of $4,431,154 and total cost of goods and general and administrative expenses of $4,297,078 for net income of $117,068.
Our revenues increased by $1,449,253 for the year ended December 31, 2009, Our general and administrative expenses also increased by $1,371,008 for the year ended December 31, 2009, primarily due to increased manufacturing product and operating expenses relating to increased restaurant expenses, rent for our facility, payroll expenses .
For the year ended December 31, 2009, our net income has increased by $78,245 compared to the previous year December 31, 2008.
Total revenues for the year ended December 31, 2009, were $4,431,154 compared to total revenues of $2,956,645 for the year ended December 31, 2008. The increase in revenues is due to increased manufacturing revenue of $1,471,442 and increased restaurant revenue of $215,687. Our product sales revenue decreased slightly by $212,620.
We attribute the increase manufacturing revenues to increased sales of custom vending machines. Increase restaurant revenue is due to increased catering revenue. The reduction in product sales is primarily related to decreased vending route sales.
Our general and administrative expenses increased for the year ended December 31, 2009, primarily due to increased costs of goods and operating expenses relating to increased rent for our facility, advertising and payroll expenses.
We believe that we sufficient available cash and cash flow from operations to satisfy our working capital and capital expenditure requirements during the next 12 months. There can be no assurance, however, that cash and cash flow from operations will be sufficient to satisfy our working capital and capital requirements for the next 12 months or beyond.
We expect our manufacturing costs to increase approximately 15% due to the devaluation of the U.S. Dollar and the exchange rates with our foreign manufactures. Depending on the strength of the U.S. Dollar, this trend may or may not continue.
Inflation and changing prices have affected our business as related primarily to fuel and increased vehicle expenses. We anticipate that fuel costs will continue, thus increasing our operating costs. Our cost of goods and prices for our products remain relatively stable and we expect this trend to continue through the end of 2010.
Liquidity and Capital Resources
We have historically financed operations through a combination of cash on hand, cash provided from operations and the sale of our securities. At December 31, 2009, we had cash of $1,078,252 compared to cash of $56,547 at December 31, 2008.
At December 31, 2009, we had inventory of $395,461 compared to $590,597 for the year ended December 31, 2008. The decrease in inventory for the year ended December 31, 2009, is due to increased sales of our vending machines.
The Company's assets increased from $14,957,664 for the year ended December 31, 2008 to $18,599,987 for the year ended December 31, 2009. This increase in assets is due to increased intellectual property assets.
The companies long term debt and notes payable as of December 31, 2009, for a total of $1,728,460. Are due to share holder notes of $1,476,996 and have terms on an average of three years from issue date. Long term debt of $251,464, consists of equipment leases.
For the year ended December 31, 2009, the Company's general and administrative expenses increased approximately $627,699 and $583,653 from the year ended December 31, 2008. The increase was due to the additional expenses associated with operating the AC Mexican, Inc. restaurant and fabrication costs.
All receivable accounts are due within 45 days of delivery. Upon special approval, we allow 90 days to receive payment. Collections for past due accounts are handled internally. As of December 31, 2009 accounts receivable total was $1,882,535, this increase is due to new customers with large orders for machines. Average days outstanding for December 31, 2009 is 90 days due to larger orders. December 31, 2008 our average days outstanding were 45-60 due to smaller orders.
Future Goals
In the next 12 month, we will continue our research, development and marketing efforts. We have entered into multiple manufacturing agreements with offshore manufacturers to produce the housings for our technology based RAM4000 and RAM5000 vending systems and have established a line of credit to ensure payment and production of the systems.
Our goal is to manufacture and sell as many systems as possible in the next 12 to 24 months through established distributors and direct sales to meet the anticipated industry demand for a competitively priced vending system that is an energy efficient, technology based, "Green" system..
A critical focus for sales over the next 12 months will be our Product Dispensing Centers (PDCs). Our PDCs are based on our RAM4000 or RAM5000 system and integrates more sophisticated technology features and options such as full face large touch screen displays, receipt printers, cashless payment options and advertising displays. In addition, our PDCs systems can dispense a variety of snack items and non-food items such as cell phones, MP3 players, digital cameras, DVDs, consumer electronics and accessories. We will also focus on "Themed" systems to dispense products such as tee-shirts, promotional items, perfumes, contact lenses and just about any product our customers have a location and market for. Our "Themed" systems are of exceptional interest to our direct end customers as the products these systems dispense result in higher profit margins.
All of our vending systems are capable of the inclusion of PC hardware and LCD displays. A future goal of AVT is to complete and continue to refine application software that runs digital signage for the primary purpose of displaying paid advertisements. As we sell systems that are equipped with a PC and LCD display, each system becomes a "node" on a digital network. As the network expands, many thousands of vending systems and PDCs can be part of nationwide advertising network which we believe will be of interest for national advertisers. Our goal is to "own" the network but not the systems. All vending system owners will have the option to join the AVT nationwide network with our AVT based advertising vending system to get an equitable share of revenue for allowing advertisements from AVT's server to be pushed-out onto their vending system.
Future goals and system refinements will include continued software and hardware development and refinements to include even more efficient operating systems to integrate more seamlessly with the internet, becoming Wi-Fi standard and including SMS and email features. Our goal is that the AVT vending systems will become the standard for intelligent self-service vending systems deployed throughout the US and world markets.
In addition, within the next 12 months, we will continue to work to become a fully company and have our common stock trading on the OTC Bulletin Board.
Off-balance Sheet Arrangements
We maintain no significant off-balance sheet arrangements
Foreign Currency Transactions
None.
I tem 7A. Quantitative and Qualitative Disclosures About Market Risk
We currently do not utilize sensitive instruments subject market risk in our operations.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
MANAGEMENT'S DISCUSSION AND ANALYSIS
The following discussion and analysis should be read in conjunction with our audited consolidated financial statements and related notes included in this registration statement. This registration statement contains "forward-looking statements." 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. Factors that could cause actual results to differ from expectations include, but are not limited to, those set forth under the section "Risk Factors" set forth in this registration statement.
The forward-looking events discussed in this registration statement, 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.
Critical Accounting Policies
The Company's policy is to use the accrual method of accounting to prepare and present financial statements, which conform to generally accepted accounting principles. The company has elected a December 31 year-end.
The Company considers all highly liquid investments with maturities of three months or less when purchased, to be cash equivalents.
Inventories are valued at the lower of average cost.
Revenue is recognized at the time of sale upon receipt of payment.
The Company accounts for income taxes under the provisions of SFAS No. 109, "Accounting for Income Taxes." SFAS 109 requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Results of Operations
We have historically financed operations through a combination of cash on hand, cash provided from operations and the sale of our securities.
For the year ended December 31, 2009, we had revenues of $2,956,645 and total cost of goods and general and administrative expenses of $2,918,674 for net income of $35,728.
For the year ended December 31, 2009, we had revenues of $4,431,154 and total cost of goods and general and administrative expenses of $4,297,078 for net income of $117,068.
Our revenues increased by $1,449,253 for the year ended December 31, 2009, Our general and administrative expenses also increased by $1,371,008 for the year ended December 31, 2009, primarily due to increased manufacturing product and operating expenses relating to increased restaurant expenses, rent for our facility, payroll expenses .
For the year ended December 31, 2009, our net income has increased by $78,245 compared to the previous year December 31, 2008.
Total revenues for the year ended December 31, 2009, were $4,431,154 compared to total revenues of $2,956,645 for the year ended December 31, 2008. The increase in revenues is due to increased manufacturing revenue of $1,471,442 and increased restaurant revenue of $215,687. Our product sales revenue decreased slightly by $212,620.
We attribute the increase manufacturing revenues to increased sales of custom vending machines. Increase restaurant revenue is due to increased catering revenue. The reduction in product sales is primarily related to decreased vending route sales.
Our general and administrative expenses increased for the year ended December 31, 2009, primarily due to increased costs of goods and operating expenses relating to increased rent for our facility, advertising and payroll expenses.
We believe that we sufficient available cash and cash flow from operations to satisfy our working capital and capital expenditure requirements during the next 12 months. There can be no assurance, however, that cash and cash flow from operations will be sufficient to satisfy our working capital and capital requirements for the next 12 months or beyond.
We expect our manufacturing costs to increase approximately 15% due to the devaluation of the U.S. Dollar and the exchange rates with our foreign manufactures. Depending on the strength of the U.S. Dollar, this trend may or may not continue.
Inflation and changing prices have affected our business as related primarily to fuel and increased vehicle expenses. We anticipate that fuel costs will continue, thus increasing our operating costs. Our cost of goods and prices for our products remain relatively stable and we expect this trend to continue through the end of 2010.
Liquidity and Capital Resources
We have historically financed operations through a combination of cash on hand, cash provided from operations and the sale of our securities. At December 31, 2009, we had cash of $1,078,252 compared to cash of $56,547 at December 31, 2008.
At December 31, 2009, we had inventory of $395,461 compared to $590,597 for the year ended December 31, 2008. The decrease in inventory for the year ended December 31, 2009, is due to increased sales of our vending machines.
The Company's assets increased from $14,957,664 for the year ended December 31, 2008 to $18,599,987 for the year ended December 31, 2009. This increase in assets is due to increased intellectual property assets.
The companies long term debt and notes payable as of December 31, 2009, for a total of $1,728,460. Are due to share holder notes of $1,476,996 and have terms on an average of three years from issue date. Long term debt of $251,464, consists of equipment leases.
For the year ended December 31, 2009, the Company's general and administrative expenses increased approximately $627,699 and $583,653 from the year ended December 31, 2008. The increase was due to the additional expenses associated with operating the AC Mexican, Inc. restaurant and fabrication costs.
All receivable accounts are due within 45 days of delivery. Upon special approval, we allow 90 days to receive payment. Collections for past due accounts are handled internally. As of December 31, 2009 accounts receivable total was $1,882,535, this increase is due to new customers with large orders for machines. Average days outstanding for December 31, 2009 is 90 days due to larger orders. December 31, 2008 our average days outstanding were 45-60 due to smaller orders.
Future Goals
In the next 12 month, we will continue our research, development and marketing efforts. We have entered into multiple manufacturing agreements with offshore manufacturers to produce the housings for our technology based RAM4000 and RAM5000 vending systems and have established a line of credit to ensure payment and production of the systems.
Our goal is to manufacture and sell as many systems as possible in the next 12 to 24 months through established distributors and direct sales to meet the anticipated industry demand for a competitively priced vending system that is an energy efficient, technology based, "Green" system..
A critical focus for sales over the next 12 months will be our Product Dispensing Centers (PDCs). Our PDCs are based on our RAM4000 or RAM5000 system and integrates more sophisticated technology features and options such as full face large touch screen displays, receipt printers, cashless payment options and advertising displays. In addition, our PDCs systems can dispense a variety of snack items and non-food items such as cell phones, MP3 players, digital cameras, DVDs, consumer electronics and accessories. We will also focus on "Themed" systems to dispense products such as tee-shirts, promotional items, perfumes, contact lenses and just about any product our customers have a location and market for. Our "Themed" systems are of exceptional interest to our direct end customers as the products these systems dispense result in higher profit margins.
All of our vending systems are capable of the inclusion of PC hardware and LCD displays. A future goal of AVT is to complete and continue to refine application software that runs digital signage for the primary purpose of displaying paid advertisements. As we sell systems that are equipped with a PC and LCD display, each system becomes a "node" on a digital network. As the network expands, many thousands of vending systems and PDCs can be part of nationwide advertising network which we believe will be of interest for national advertisers. Our goal is to "own" the network but not the systems. All vending system owners will have the option to join the AVT nationwide network with our AVT based advertising vending system to get an equitable share of revenue for allowing advertisements from AVT's server to be pushed-out onto their vending system.
Future goals and system refinements will include continued software and hardware development and refinements to include even more efficient operating systems to integrate more seamlessly with the internet, becoming Wi-Fi standard and including SMS and email features. Our goal is that the AVT vending systems will become the standard for intelligent self-service vending systems deployed throughout the US and world markets.
In addition, within the next 12 months, we will continue to work to become a fully company and have our common stock trading on the OTC Bulletin Board.
Off-balance Sheet Arrangements
We maintain no significant off-balance sheet arrangements
Foreign Currency Transactions
None.
I tem 7A. Quantitative and Qualitative Disclosures About Market Risk
We currently do not utilize sensitive instruments subject market risk in our operations.
Form 8-K for AVT, INC.
On February 22, 2010, AVT, Inc. announced that it has entered into an agreement with Samsclub.com to sell the company's line of PC based vending and automated dispensing systems through Sam's Club's e-commerce site. Sam's Club is a division of Wal-Mart Stores, Inc. Products for sale include the PC based AVT designed and built RAM 4000 and RAM 5000 systems along with Cup of Caf�, a multi-flavored fresh ground coffee dispensing machine.
Wednesday, April 7, 2010
Emerging Market Leader
In the emerging automated retailing market for 'product dispensing' solutions, including but not limited to food-- we believe AVTC is a low price, high quality leader offering technology solutions at 50% less, than the best known competitor.
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