AVT Develops Automated Stores for Seminole E-Cigarette Program
AVT has its finger on the pulse of another fast growing industry - worth over $2 billion and projected to double next year
CORONA, Calif., Oct. 21, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, micro-stores and kiosk has launched a pilot program of their new Electronic Cigarette Machine, developed for the Seminole Indian Tribe in Florida.
E-Cigarette global sales jumped 30 percent in each of the previous three years, according to the New York Times. Analysts expect those figures to double this year and continue climbing.
AVT has a diverse portfolio of products and several major pilot programs currently underway. A recent report by InvestorProfessional.com stated that AVT's wide range of clients, major pilot programs that could turn into large orders, and multiple revenue streams from numerous divisions, all should position the company for substantial potential future growth.
The Global Gaming Expo (G2E), the industry's premier trade show and conference event, featured more than 455 companies from all sectors. The AVT-designed E-Cig machine was considered one of the hits at the show, which was held Sept. 23-26, 2013 at the Sands Expo and Convention Center in Las Vegas.
"We continue to look for opportunities that could provide AVT with significant revenues, not just for this year, but for years to come," said Shannon Illingworth, Founder and Chairman of AVT, Inc. "As a first-mover in the E-cigarette market, we are positioned to capitalize on the phenomenal growth this industry is projected to achieve."
To read the New York Times article on the Electronic Cigarette industry, visit: http://www.nytimes.com/2013/06/13/business/e-cigarettes-are-in-vogue-and-at-a-crossroads.html?_r=0
For more information AVT's full line of automated retailing systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
Forward-Looking Statements: The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Words like "should," "may," "could," and other similar words, indicate a forward-looking statement. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
SOURCE AVT, Inc.
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