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.
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