AVT Forecasts 2014 as Record Breaking Year Company projects $25-$35 million in revenues
CORONA, Calif., Jan. 8, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines, automated retailing business opportunities, and self-service kiosks, announced that it has completed a preliminary forecast for 2014, and it is shaping up to be a banner year.
AVT is a well-diversified technology company that generates revenues from several sectors, including custom vending design and manufacturing, industry leading automated micro-stores, company owned systems, management agreements, technology licensing, and recurring income from its patented wireless connectivity.
"All of our verticals look strong for 2014," said James Winsor, CEO of AVT, Inc. "Orders from existing clients are forecast to come in between 5,000 and 7,500 units, which we forecast will produce $25-$35 million in revenues."
The company counts among its clients some of the nation's leading and best known brands from a wide variety of sectors, including retail, healthcare, food and beverage, apparel, travel and tourism, and leaders in the newly legalized marijuana industry.
Among the highlights of the 2014 forecast are thousands of systems that are going into some of the largest retail stores in the world. "We are in the initial stages of deploying our Utique stores into one of the nation's top retail chains," Winsor commented. "We also expect to almost triple our number of connectivity clients, which will produce strong monthly revenues."
The company plans on releasing more details within the first quarter.
"We believe this will be a record breaking year," said Winsor, "with revenues that will surpass anything we have seen to date."
For more information on AVT and its industry-leading automated retailing systems, micro-markets, automated malls, custom vending machines, and self-service micro-stores, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
Forward-Looking Statements: The statements in this and any of our press releases 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. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry, competition, customers business decisions, and overall economic conditions. 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.