Custom Vending Machines

Archive for December, 2012

AVT Updates Their Financial Forecast

AVT, Inc. (Ticker: AVTC) (www.autoretail.com) updated its financial guidance for the periods through 2014. The move came after the recent new orders from large customers exceeded expectations.  The company’s planned expansion into new markets, products and services is moving ahead of schedule.

As a leader in providing customized automated solutions to retailers, businesses, brand owners and entrepreneurs, AVT is poised to significantly increase revenues in the next 24 months.

RECURRENT REVENUE

AVT is targeting a new market niche, by both building and operating a significant number of the new automated Marley Coffee Stores. These innovative systems provide customers with the world’s finest blends and a coffee-shop experience, but without the wait and at about half the cost. The company plans on deploying 1000 of these units by the end of 2013.

NEW DIVISIONS

AVT has also recently created a new division, which will be marketing and licensing AVT’s patented technologies. Revenues from this division are expected to begin in 1st quarter 2013.

AVT is also creating a leasing and finance division that will enable customers to start new businesses or expand existing automated retailing operations with ease and simplicity. Revenues from this division are expected to make a notable contribution to the company’s bottom line.

Accordingly, company management adjusted AVT’s long-term financial guidance upward.

FORECAST

The revised financial forecast shows over $12 million in increased revenues for year-end 2013, from $14 million projected for 2012, up to $26 million in 2013, growing up to $50 million by year-end 2014.

Income is also expected to make substantial gains – up to $9 million in 2013 and $13 million in 2014.

James Winsor, CEO of AVT, Inc., stated that revised forecast is based on several factors. “We have updated our projections for 2012 based on increased manufacturing volume in 4th quarter, and are projecting significant gains in the two years to come due to our implementation of the new Marley Coffee Stores, and the revenues we will realize from our licensing and leasing divisions.”

The projections, while significant, are still conservative and reflect realistic expectations of company growth, according to Winsor. “We are in the right market, at the right time, with the right products and the right services,” he commented. “Our anticipated growth is happening faster than initial forecasts, but is completely in line with market conditions and demand.”

For more information about AVT, please visit the website at: www.autoretail.com, or call the Investor Relations Department at: 800-240-5175

 

About AVT:

AVT, Inc. is a high quality leader in the automated retailing industry, offering technology solutions at 50% less than the best-known competitor.

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 and cost efficiency.

AVT’s stock is traded through the OTC Bulletin Board Markets, Ticker Symbol: AVTC.OB.

For more information on AVT, custom vending, or the Automated Retailing Industry, visit www.autoretail.com or call the Investor Relations Department at 800-240-5175.

Disclaimer

The financial guidance above was not prepared with a view toward complying with the guidelines established by the American Institute of Certified Public Accountants with respect to prospective financial information, but, in the view of our management, was prepared on a reasonable basis, reflects the best currently available estimates and judgments, and presents, to the best of management’s knowledge and belief, the assumptions on which we base our financial guidance.

However, this information is not fact and should not be relied upon as being necessarily indicative of future results, and we undertake no obligation to release publicly the results of any future revisions we may make to this financial information to reflect events or circumstances after the this press release.

Neither our independent auditors nor any other independent accountants have compiled, examined or performed any procedures with respect to the prospective financial information contained herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and they assume no responsibility for, and disclaim any association with, the prospective financial guidance information.

 

Safe Harbor Statement

The following Safe Harbor Statement applies to all our press releases.

“This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company’s financial position and business strategy. The words or phrases “believe,” “think”, “should” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company’s expectations and estimates.

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AVT Company Chairman and Founder Shannon Illingworth Interviewed on IPODesktop.com

AVT, Inc. (Ticker: AVTC) (www.autoretail.com) AVT Founder and Chairman Shannon Illingworth was interviewed by Francis Gaskins, Editor of IPODesktop.com. Gaskins is one of Wall Street’s most respected analysts, and appears on financial programs including Bloomberg and CNBC, and in publications including the Wall Street Journal, USA TODAY, and Investors Business Daily. His website was named one of “Forbes Best IPO Sites.”

 

“AVT is in a high growth segment,” Gaskins commented, quoting a study by Frost and Sullivan, which was published on Intel.com. “You’ve been growing at about 45% per year, and it’s hard to find companies that have this kind of steady growth,” he added. “I think you’ve positioned yourself as a leader in the industry.”

 

Illingworth stated that 2012 was a good year for the company and for their product demand. “We’ve proven ourselves in the market and are now in over 3,000 Walmart stores,” Illingworth commented. “The market is hot for our products and technologies, and continues to grow rapidly.”

 

The company founder also announced that in 2013 he plans on putting as many as 1,000 Marley Coffee Automated Stores into the market, and unlike other systems the company builds for their clients, these will be AVT owned. “Moving forward, we’re going to own many of these units that we put out in the marketplace, so we will have a large source of recurring revenue.”

 

Gaskins, who is also the primary video IPO analyst at Jim Cramer’s TheStreet.com stated that he had confidence in Illingworth’s projections. “You’ve hit all of your goals to date. You were at Harvard Business School last month discussing new trends in marketing and leadership, and I think your intuition has been right on since founding the company,” Gaskins stated. “I think you’ll reach your new forecast goals.”

 

AVT had a large order from Rug Doctor in 2012, which required the company to repurpose 60,000 square feet of manufacturing and build new assembly lines. Now with that order fulfilled, AVT is geared up for large-scale production orders that provide economies of scale. “Now that we have our assembly lines geared up, we can provide even better service to our large customers, as well as continue to provide the type of customization and short-orders that made this company famous,” Illingworth stated.  

 

When asked what were his keys to success, Illingworth replied, “We take great brands and great products, and make them available to anyone, anytime, anywhere, in an automated environment,” he said. “And that equals success.”

 

To listen to the Francis Gaskins and Shannon Illingworth interview, visit: http://gaskinsco.com/avtc-12-19-12.mp3

 

To read the Gaskins/IPODesktop Analyst Review of AVT, please click here.

 

For more information on AVT, please call 800-240-5175 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 traded through the OTC Markets, Ticker Symbol: AVTC

 

 

 

AVT Chairman and Founder Comments on Their Record Trading Day

AVT, Inc. (Ticker: AVTC) (www.autoretail.com) Founder and Chairman, Shannon Illingworth, commented on the company’s two consecutive days of record trading. On December 12th, the company’s stock broke a trading volume record with over 210,00 shares transacted – and the price surging up 52%. The next day, over 692,000 shares traded and the price soared up over 89%.

 

“Since the first day we opened for business and had just a couple of employees, we had a vision of where we wanted to take this company,” Illingworth commented. “It’s not always easy being a pioneer and spending your time and money developing products that few others are even thinking about, but that’s exactly what we did.

 

“We wanted to create a way for an average person to start their own business – with only a small investment – so it would be available to anyone with ambition. We wanted to help men and women become their own boss, with a business they could be proud of, and literally reach for the American dream.

 

“So we developed the concept of Automated Retailing, which allows an entrepreneur to start a business without any of the hurdles that face most new start-ups, and sell virtually anything to anyone, anywhere and anytime.

 

‘Today, Automated Retailing is one of the fastest growing segments of the economy, and I’m proud of the fact that we’ve helped people start and succeed in their own businesses.

 

“AVT embodies the spirit of entrepreneurship – where people of any background can work hard, make smart decisions, and reap the rewards. That’s what made America great.

 

“I believe that AVT is helping rebuild America. In our nation’s great recession, we witnessed countless people take a long, hard look at their life and realize that they could no longer count on a paycheck or a steady job. At AVT, we spoke to these people everyday. We listened to them speak about their dreams, and we shared their enthusiasm for their vision. Whether they wanted to sell something as simple as freshly popped popcorn or as exotic as caviar, or had an idea to create an automated pharmacist’s assistant to help make prescription medicines available to patients quicker and easier, we worked hard to help them realize their dreams.

 

“Now, AVT is expanding – and developing new products and revenue streams that should make our company even stronger in the years to come.

 

“Our most recent quarters have all been strong, but I believe that our best days are still ahead. We will be announcing plans in the coming weeks about several new divisions that will focus on specific high-growth areas. We believe that these new divisions will not only complement our current offerings, but will help our revenues grow exponentially.

 

“And lastly, to our investors, I say thank you. We knew that eventually the world take notice and our stock value would grow. You’ve stayed with us through the lean years, and I hope you are now enjoying these wonderful days of our mutual success.”

 

 

 

About AVT:

 

AVT, Inc. is a high quality leader in the automated retailing industry, offering technology solutions at 50% less than the best-known competitor.

 

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 and cost efficiency.

 

AVT’s stock is traded through the OTC Bulletin Board Markets, Ticker Symbol: AVTC.OB.

 

For more information on AVT, custom vending, or the Automated Retailing Industry, visit www.autoretail.com or call the Investor Relations Department at 800-240-5175.

 

 

AVT Announces 3rd Quarter 2012 Financials

.    AVT, Inc. (Ticker: AVTC) (www.autoretail.com) released their third quarter 2012 financial results, which exceeded analyst and management expectations.

 

Total revenues for the nine months ended September 30, 2012 were $10,869,269 compared to $6,269,523 for the same period in 2011. This increase of over 50% was due in part to significant manufacturing revenues and large orders of the company’s custom kiosks.

For the nine months ended September 30, 2012, net income more than doubled to $694,621, from $302,295 for the nine months ended September 30, 2011.

 

The company’s management stated that net income saw triple digit growth over the same period last year due to several factors, including increased orders from existing customers, several new pilot programs moving into production, and an improvement in the general business climate.

 

“We are proud of our achievements to date in developing new, cost-effective systems for businesses and entrepreneurs to reach new customers and enhance brand awareness through automated retailing,” stated Shannon Illingworth, Founder and Chairman of AVT, Inc. “We strive to bring quality solutions to our customers, while increasing value for our shareholders, and creating a positive work environment for our employees.”

 

Noted analyst Francis Gaskins of IPOdesktop.com said that AVT is undervalued at current prices and has tremendous upside potential.

 

“AVT’s top line revenue has grown on average 45% per year for the past five years, and continues to increase on a quarterly basis,” his report stated. “AVT is the only publicly traded pure play to participate in the growth of the high technology self-service retail space. AVT spent almost 3 years dedicated to research and development – designing componentry and entire new systems that are literally redefining the retailing world,” according to the report. “AVT’s new patent is seen as a game changer in the industry due to the enormous size of the user base, and it catapults AVT to the top of the field, as many vending manufacturers and operators will now have to work out licensing arrangements to continue using this technology.”

Gaskin’s insights are sought after and valued by the media including Bloomberg, CNBC, TheStreet.com, the Wall Street Journal, USA TODAY, Reuters, Associated Press, and Investors Business Daily. His site was named one of Forbes Best IPO Sites, and is also the number one most widely read IPO contributor on SeekingAlpha.com.

 

AVT, Inc. is an innovative developer, manufacturer and operator of technology-based product dispensing solutions and equipment. AVT combines vast market knowledge and a strong foundation of innovation with best-in-class technologies, to dramatically improve the quality of products, services and value delivered to customers.

 

This combination of expertise, experience and innovation gives AVT a distinctive advantage and contributes to the company’s overall success and position as a leader of technology-based automated retailing systems.  

 

To view a copy of the Gaskins IPOdesktop.com report, visit: http://gaskinsco.com/avtc-dec-12.pdf

 

For more information on self-service automated stores and vending machines, please visit AVT online at: www.autoretail.com.

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