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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

 

 

 

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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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