Innovative Displays Allow Operators to Meet New FDA Requirements
CORONA, CA--(Marketwire - 12/14/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com).
AVT, Inc. showed off their new, proprietary vending technology with touch screen interfaces, which displays nutritional information in accordance with recent changes in compliance laws.
The Food and Drug Administration (FDA) recently issued new regulations -- titled FDA Section 4205 -- that call for mandatory disclosure in close proximity to each article of food -- showing the number of calories contained in the article (unless a prospective purchaser is able to examine the Nutrition Facts Panel before purchasing the article), or visible nutrition information provided at the point of purchase.
The new AVT designed systems contain a breakthrough interactive display with a bright, user-friendly touch pad, which provides all nutritional information in an easy to read format.
AVT's proprietary Smart Technology is also included in the new systems. This unique suite of advanced systems, hardware and software allows owners and operators to remotely track sales, spot trends, and receive customizable notifications and alerts.
"These new systems are truly the state-of-the-art in automated retailing and vending," states Shannon Illingworth, founder of AVT. "Tech-savvy people who love the Apple iPad or iPhone will appreciate our styling, innovation, technology, and user-friendly features."
For more information on AVT and how their new systems give consumers better insight into the content of their food and beverage choices, and provide owners and operators with regulation compliance and trend analysis, visit AVT's Website at: http://www.avtinconline.com/avttsarticle.html, or call James Winsor, Chief Executive Officer, at 951-737-1057.
AVT, Inc. is a leading developer of automated and self-service retailing systems, and is the innovator of VMS and TSM technologies that have become the standard for the industry.
AVT's stock is traded through the Pinksheet National Market System. Ticker Symbol: AVTC.PK
For more information, visit www.avtinconline.com or www.autoretail.com
Tuesday, December 14, 2010
Friday, December 3, 2010
.AVT Announces Roll Out of New Kiosk to Securely Provide Movies, Music and TV Shows From a Self-Serve Kiosk Direct to Portable Flash Drives
CORONA, CA--(Marketwire - 12/02/10) - AVT, Inc. (Pinksheets:AVTC - News) (Formally Automated Vending Technologies) announced today that their new kiosks that were developed for Flix On Stix to securely deliver digital entertainment content, will begin rolling out to thousands of locations within the next 90 days.
Flix On Stix has developed a revolutionary encryption technology and interface that allows consumers to download movies, music, and television programs from the AVT designed self-serve kiosk, direct to a portable memory stick. In addition to offering an almost limitless array of titles, this unique system also provides first-run movies well before they are available on DVD or Blu-ray, or through internet subscription services.
The Flix On Stix kiosk utilizes a secure internet connection and proprietary download encryption technology to transfer content onto any portable flash drive in a matter of seconds. The digital content can be viewed on any PC or Mac, or through a set-top box to a television.
The engineers at Flix On Stix worked with AVT to design a compact, yet attractive kiosk, which allows for easy placement in virtually any location. The unit's graphics are enticing and encourage consumer use.
AVT founder Shannon Illingworth stated, "We are thrilled to have been selected the manufacturer of choice by Flix On Stix. We have worked closely with them in the design and development stage, and are now gearing up to meet their rollout schedule."
For more information on AVT, contact James Winsor, Chief Executive Officer, at (951) 737-1057, or visit the website at www.avtinconline.com.
Flix On Stix has developed a revolutionary encryption technology and interface that allows consumers to download movies, music, and television programs from the AVT designed self-serve kiosk, direct to a portable memory stick. In addition to offering an almost limitless array of titles, this unique system also provides first-run movies well before they are available on DVD or Blu-ray, or through internet subscription services.
The Flix On Stix kiosk utilizes a secure internet connection and proprietary download encryption technology to transfer content onto any portable flash drive in a matter of seconds. The digital content can be viewed on any PC or Mac, or through a set-top box to a television.
The engineers at Flix On Stix worked with AVT to design a compact, yet attractive kiosk, which allows for easy placement in virtually any location. The unit's graphics are enticing and encourage consumer use.
AVT founder Shannon Illingworth stated, "We are thrilled to have been selected the manufacturer of choice by Flix On Stix. We have worked closely with them in the design and development stage, and are now gearing up to meet their rollout schedule."
For more information on AVT, contact James Winsor, Chief Executive Officer, at (951) 737-1057, or visit the website at www.avtinconline.com.
Form 8-K/A for AVT, INC.
1-Dec-2010
Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant
On or about October 5, 2010, the Board of Directors of AVT, Inc., a Nevada corporation (the "Company"), received notice that its primary auditor, Larry O'Donnell, CPA, P.C. ("O'Donnell"), had resigned.
On October 20, 2010, the Company approved De Joya Griffith & Company, LLC, Certified Public Accountants & Consultants, 2580 Anthem Village Drive, Henderson, Nevada 89052 ("De Joya"), as the Company's primary auditor.
On or about November 8, 2010, the Company sent De Joya a letter advising De Joya that De Joya had been dismissed as the Company primary auditor.
There is a dispute between the Company and De Joya as to whether during the Company's two most recent fiscal years and any subsequent interim period preceding the dismissal of De Joya, the Company was made aware by De Joya of the following disagreements on accounting principles which were not resolved to the satisfaction of De Joya: application of accrual method accounting instead of cash basis accounting; recognition of revenue prior to meeting the criteria specified in SAB No. 104; accounting for revenue from service contracts; recognition of goodwill in connection with purchase software; adjustments to inventory recorded as depreciation expense; accounting for costs of internally developed software to be sold under ASC 985-20; accounting for common stock issued for interest; accounting for par value of common stock outstanding; accounting for investment in AC Mexican Food, Inc.
De Joya did not make any reports on our financial statements.
On November 8, 2010, the Board of Directors approved Malcolm L. Pollard, Inc., 4845 W. Lake Road, #119, Erie, PA 16505 ("Pollard") as the Company's primary auditor. During the Company's two most recent fiscal years and any subsequent interim period prior to engaging Pollard, the Company did not consult with Pollard regarding the application of accounting principle to a specific transaction, or the type of audit opinion that might be rendered on the Company financial statements, or any matter that was the subject of disagreement with our former accountant or a reportable event.
The Company has provided a copy of this disclosure to De Joya and requested that De Joya furnish the Company with a letter, within the time periods prescribed by Item 304 (a)(3) of Regulation S-K of Securities and Exchange Act of 1934, addressed to the Securities and Exchange Commission stating whether De Joya agrees with the statements made by the Company and, if not, stating the respects in which De Joya does not agree.
A copy of the former accountants' response to this Report on Form 8-K is attached hereto as Exhibit 16.1.
Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant
On or about October 5, 2010, the Board of Directors of AVT, Inc., a Nevada corporation (the "Company"), received notice that its primary auditor, Larry O'Donnell, CPA, P.C. ("O'Donnell"), had resigned.
On October 20, 2010, the Company approved De Joya Griffith & Company, LLC, Certified Public Accountants & Consultants, 2580 Anthem Village Drive, Henderson, Nevada 89052 ("De Joya"), as the Company's primary auditor.
On or about November 8, 2010, the Company sent De Joya a letter advising De Joya that De Joya had been dismissed as the Company primary auditor.
There is a dispute between the Company and De Joya as to whether during the Company's two most recent fiscal years and any subsequent interim period preceding the dismissal of De Joya, the Company was made aware by De Joya of the following disagreements on accounting principles which were not resolved to the satisfaction of De Joya: application of accrual method accounting instead of cash basis accounting; recognition of revenue prior to meeting the criteria specified in SAB No. 104; accounting for revenue from service contracts; recognition of goodwill in connection with purchase software; adjustments to inventory recorded as depreciation expense; accounting for costs of internally developed software to be sold under ASC 985-20; accounting for common stock issued for interest; accounting for par value of common stock outstanding; accounting for investment in AC Mexican Food, Inc.
De Joya did not make any reports on our financial statements.
On November 8, 2010, the Board of Directors approved Malcolm L. Pollard, Inc., 4845 W. Lake Road, #119, Erie, PA 16505 ("Pollard") as the Company's primary auditor. During the Company's two most recent fiscal years and any subsequent interim period prior to engaging Pollard, the Company did not consult with Pollard regarding the application of accounting principle to a specific transaction, or the type of audit opinion that might be rendered on the Company financial statements, or any matter that was the subject of disagreement with our former accountant or a reportable event.
The Company has provided a copy of this disclosure to De Joya and requested that De Joya furnish the Company with a letter, within the time periods prescribed by Item 304 (a)(3) of Regulation S-K of Securities and Exchange Act of 1934, addressed to the Securities and Exchange Commission stating whether De Joya agrees with the statements made by the Company and, if not, stating the respects in which De Joya does not agree.
A copy of the former accountants' response to this Report on Form 8-K is attached hereto as Exhibit 16.1.
Monday, November 22, 2010
Form 8-K for AVT, INC.
22-Nov-2010
Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant
On or about October 5, 2010, the Board of Directors of AVT, Inc., a Nevada corporation (the "Company"), received notice that its primary auditor, Larry O'Donnell, CPA, P.C ("O'Donnell"), had resigned.
On October 20, 2010, the Board of Directors approved De Joya Griffith & Company, LLC, Certified Public Accountants & Consultants, 2580 Anthem Village Drive, Henderson, Nevada 89052 ("De Joya"), as the Corporation's primary auditor.
On or about November 8, 2010, the Board of Directors dismissed De Joya as the Company primary auditor.
During the Company's two most recent fiscal years and any subsequent interim period preceding the dismissal of De Joya, there were no reportable events or disagreements with De Joya on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of De Joya, would have caused the Company to make reference to the subject matter of the disagreement(s) in connection with this report.
De Joya did not make any reports on our financial statements.
On November 8, 2010, the Board of Directors approved Malcolm L. Pollard, Inc., 4845 W. Lake Road, #119, Erie, PA 16505 ("Pollard") as the Company's primary auditor. During the Company's two most recent fiscal years and any subsequent interim period prior to engaging Pollard, the Company did not consult with Pollard regarding the application of accounting principle to a specific transaction, or the type of audit opinion that might be rendered on the Company financial statements, or any matter that was the subject of disagreement with our former accountant or a reportable event.
The Company has provided a copy of this disclosure to De Joya and requested that De Joya furnish the Company with a letter, within the time periods prescribed by Item 304 (a)(3) of Regulation S-K of Securities and Exchange Act of 1934, addressed to the Securities and Exchange Commission stating whether De Joya agrees with the statements made by the Company and, if not, stating the respects in which De Joya does not agree.
A copy of the former accountants' response to this Report on Form 8-K is attached hereto as Exhibit 16.1.
Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant
On or about October 5, 2010, the Board of Directors of AVT, Inc., a Nevada corporation (the "Company"), received notice that its primary auditor, Larry O'Donnell, CPA, P.C ("O'Donnell"), had resigned.
On October 20, 2010, the Board of Directors approved De Joya Griffith & Company, LLC, Certified Public Accountants & Consultants, 2580 Anthem Village Drive, Henderson, Nevada 89052 ("De Joya"), as the Corporation's primary auditor.
On or about November 8, 2010, the Board of Directors dismissed De Joya as the Company primary auditor.
During the Company's two most recent fiscal years and any subsequent interim period preceding the dismissal of De Joya, there were no reportable events or disagreements with De Joya on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of De Joya, would have caused the Company to make reference to the subject matter of the disagreement(s) in connection with this report.
De Joya did not make any reports on our financial statements.
On November 8, 2010, the Board of Directors approved Malcolm L. Pollard, Inc., 4845 W. Lake Road, #119, Erie, PA 16505 ("Pollard") as the Company's primary auditor. During the Company's two most recent fiscal years and any subsequent interim period prior to engaging Pollard, the Company did not consult with Pollard regarding the application of accounting principle to a specific transaction, or the type of audit opinion that might be rendered on the Company financial statements, or any matter that was the subject of disagreement with our former accountant or a reportable event.
The Company has provided a copy of this disclosure to De Joya and requested that De Joya furnish the Company with a letter, within the time periods prescribed by Item 304 (a)(3) of Regulation S-K of Securities and Exchange Act of 1934, addressed to the Securities and Exchange Commission stating whether De Joya agrees with the statements made by the Company and, if not, stating the respects in which De Joya does not agree.
A copy of the former accountants' response to this Report on Form 8-K is attached hereto as Exhibit 16.1.
Tuesday, November 9, 2010
AVT Featured on Fox Business News
Company Founder Shannon Illingworth Interviewed
CORONA, CA--(Marketwire - 11/09/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com).
Shannon Illingworth, the founder of AVT, Inc., was featured on a special segment of Fox Business News about emerging companies with significant growth potential. The program was broadcast from the International FSX Conference in Phoenix, Arizona, where AVT was a guest presenter. Illingworth was asked to be on the program to discuss the future growth plans for AVT, and provide insight into some of the new technologies, programs, and products the company is developing.
AVT is a leader in the Automated Retailing Industry, and recently announced a new product line-up that includes ultra-high end systems that can be used in malls, retail stores, airports, college campuses, hotels and cosmetic departments. These units feature exotic materials, beautiful woods and fashion-forward architecture, and come with a unique robotic arm that dispenses up to 150 items of all types, from cell phone to swimsuits, cameras to cologne.
AVT is also at the forefront of Interactive Advertising, and has feature integrated LCD screens in their new product line-up that can be programmed to play advertisements, offer coupons, and reach consumers right at the point of purchase.
The company plans on rolling out thousands of new IVIDS units in the next 12 months.
"Advertisers are looking at the increasing costs and diminishing return on traditional advertising mediums, such as radio, television, newspapers and magazines,'' Illingworth stated. ''Through our proprietary IVIDS system (Interactive Video Downloading and Product Dispensing System), advertisers will have the opportunity to place ads throughout our network -- either as video commercials or as text messages -- and reach consumers at the critical point of making a purchasing decision."
Illingworth was interviewed by Steve Crowley, the host of American Scene Radio and former Money Editor at ABC's Good Morning America. Crowley is one of the best financial reporters in the industry, according to Steve Forbes, publisher of Forbes Magazine. "Crowley is an excellent interviewer, which is why I say yes whenever he invites me on," Forbes commented.
To listen to the Shannon Illingworth interview, go to www.cnncapnews.com
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
CORONA, CA--(Marketwire - 11/09/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com).
Shannon Illingworth, the founder of AVT, Inc., was featured on a special segment of Fox Business News about emerging companies with significant growth potential. The program was broadcast from the International FSX Conference in Phoenix, Arizona, where AVT was a guest presenter. Illingworth was asked to be on the program to discuss the future growth plans for AVT, and provide insight into some of the new technologies, programs, and products the company is developing.
AVT is a leader in the Automated Retailing Industry, and recently announced a new product line-up that includes ultra-high end systems that can be used in malls, retail stores, airports, college campuses, hotels and cosmetic departments. These units feature exotic materials, beautiful woods and fashion-forward architecture, and come with a unique robotic arm that dispenses up to 150 items of all types, from cell phone to swimsuits, cameras to cologne.
AVT is also at the forefront of Interactive Advertising, and has feature integrated LCD screens in their new product line-up that can be programmed to play advertisements, offer coupons, and reach consumers right at the point of purchase.
The company plans on rolling out thousands of new IVIDS units in the next 12 months.
"Advertisers are looking at the increasing costs and diminishing return on traditional advertising mediums, such as radio, television, newspapers and magazines,'' Illingworth stated. ''Through our proprietary IVIDS system (Interactive Video Downloading and Product Dispensing System), advertisers will have the opportunity to place ads throughout our network -- either as video commercials or as text messages -- and reach consumers at the critical point of making a purchasing decision."
Illingworth was interviewed by Steve Crowley, the host of American Scene Radio and former Money Editor at ABC's Good Morning America. Crowley is one of the best financial reporters in the industry, according to Steve Forbes, publisher of Forbes Magazine. "Crowley is an excellent interviewer, which is why I say yes whenever he invites me on," Forbes commented.
To listen to the Shannon Illingworth interview, go to www.cnncapnews.com
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
Wednesday, October 20, 2010
AVT Develops New Automated Game Redemption Machine
New Kiosks Purchase Games by Nintendo, Sony PlayStation, X-Box, and Others
CORONA, CA--(Marketwire - 10/20/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com)
AVT, a leading innovator in the Automated Retailing Industry, announced today that they have developed the world's first automated self-serve kiosk that allows consumers to "sell" their used games for instant on-the-spot cash or credit.
Using proprietary software and technology developed in-house by the AVT engineering team, the new kiosks utilize a continuously updated web-based database to give consumers the highest possible price for their games, based on current values, supply and demand.
The customer simply places the disk into the kiosk and the system then scans the disk for flaws, condition, type, and piracy, and offers a price to "purchase" the game. The customer can elect to receive either cash or a credit to his credit or debit card.
Retailers are expressing tremendous enthusiasm about the arrival of these new units, as they can open up new avenues of revenue -- with little cost, a small footprint, and low labor requirements. AVT expects the new units to start shipping in first quarter.
AVT is one of the world's leading providers of technology-based Automated Retailing Systems, and has solutions that include everything from small kiosks to large automated environments that can enhance or replace book stores, cosmetic counters, and gift shops.
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
CORONA, CA--(Marketwire - 10/20/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com)
AVT, a leading innovator in the Automated Retailing Industry, announced today that they have developed the world's first automated self-serve kiosk that allows consumers to "sell" their used games for instant on-the-spot cash or credit.
Using proprietary software and technology developed in-house by the AVT engineering team, the new kiosks utilize a continuously updated web-based database to give consumers the highest possible price for their games, based on current values, supply and demand.
The customer simply places the disk into the kiosk and the system then scans the disk for flaws, condition, type, and piracy, and offers a price to "purchase" the game. The customer can elect to receive either cash or a credit to his credit or debit card.
Retailers are expressing tremendous enthusiasm about the arrival of these new units, as they can open up new avenues of revenue -- with little cost, a small footprint, and low labor requirements. AVT expects the new units to start shipping in first quarter.
AVT is one of the world's leading providers of technology-based Automated Retailing Systems, and has solutions that include everything from small kiosks to large automated environments that can enhance or replace book stores, cosmetic counters, and gift shops.
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
Thursday, September 30, 2010
AVT Expands Product Lineup With New High-End Systems
CORONA, CA--(Marketwire - 09/30/10) - AVT, Inc., (formerly Automated Vending Technologies) (Pinksheets:AVTC - News) (www.avtinconline.com)
AVT, America's leader in Automated Retailing, announced today that they have expanded their product line to include ultra-premium self-service retail environments.
AVT has pioneered the Automated Retailing industry, by developing and integrating patent-pending Smart Technologies into systems that include acceptance of credit and debit cards for cashless payment, dynamic advertising, remote tracking, and inventory management.
These new ultra-premium products include The Airport, The Cosmetic Store, The Gas Station, The Premium Hotel, The University, and the Premium Store Front.
Several of the systems feature a revolutionary robotic arm capable of dispensing up to 150 different items in an architecturally striking environment. Using upscale materials that include glass walls and polished woods, these visually appealing units allow consumers to view the variety of chic products and marvel at the fascinating automated dispensing process.
AVT company founder, Shannon Illingworth commented, "We are excited to present our customers these innovative self-service retail systems. We can now offer any retailer, of any size, the perfect solution to add significant revenues to their bottom line through our unique unmanned retail destination systems."
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
AVT, America's leader in Automated Retailing, announced today that they have expanded their product line to include ultra-premium self-service retail environments.
AVT has pioneered the Automated Retailing industry, by developing and integrating patent-pending Smart Technologies into systems that include acceptance of credit and debit cards for cashless payment, dynamic advertising, remote tracking, and inventory management.
These new ultra-premium products include The Airport, The Cosmetic Store, The Gas Station, The Premium Hotel, The University, and the Premium Store Front.
Several of the systems feature a revolutionary robotic arm capable of dispensing up to 150 different items in an architecturally striking environment. Using upscale materials that include glass walls and polished woods, these visually appealing units allow consumers to view the variety of chic products and marvel at the fascinating automated dispensing process.
AVT company founder, Shannon Illingworth commented, "We are excited to present our customers these innovative self-service retail systems. We can now offer any retailer, of any size, the perfect solution to add significant revenues to their bottom line through our unique unmanned retail destination systems."
For more information on AVT, visit AVT's Website at: www.avtinconline.com, or call James Winsor, Chief Executive Officer and Chief Engineering Officer, at 951-737-1057.
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