CORONA, Calif., Dec. 13, 2012 /PRNewswire/ -- AVT, Inc. (OTC Pink Sheets: AVTC) (www.autoretail.com) announced that yesterday (December 12, 2012), was the single largest trading day for their stock in the company's history. Over 210,000 shares traded, and the stock soared up 52%.
The heavy volume and large surge in the stock price comes amidst news that the company reported significant increases in revenues for 3rd quarter, and that several new manufacturing and development deals have been inked with major customers.
One of AVT's customers, Medbox, Inc. (OTC Markets: MDBX), announced their new and vastly expanded product line for 2013, and named AVT as their exclusive manufacturing partner. The Medbox announcement stated, "We are pleased to have entered into development and manufacturing agreements with AVT that will allow us to meet our aggressive production orders, as well as expand into new markets with technologies and systems that are significantly ahead of any competition," stated Bruce Bedrick, CEO of Medbox, Inc. "AVT has been working with Medbox since 2010, and is considered a vital business partner."
AVT has also gained national attention recently for developing and building a vending machine that sells caviar. That system was featured on dozens of news reports, television programs, and newspapers as far away as London.
"Our growth over the past two years has been phenomenal," Shannon Illingworth, Founder and Chairman of AVT commented. "Plus, our revised projections for the next 2-years, which reflect new manufacturing agreements and heightened placements of company systems, show significant growth and the addition of several new revenue streams, which will further enhance our company's value."
AVT, Inc. is a developer, manufacturer and operator of technology-based product dispensing solutions and equipment. The company has secured deals with major companies, including Rug Doctor, Blue Rhino, Sprint, Walmart, Human Healthy Vending, and others. AVT is also building and distributing new Marley Coffee Automated Kiosks, which feature Jamaican Blue Mountain Coffee – one of the world's most prized and expensive blends.
For more information on AVT and their self-service automated stores, please visit the company online at: www.autoretail.com.
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.
SOURCE AVT, Inc.