CORONA, Calif., May 22, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a technology leader in developing automated retailing systems, self service kiosks and micro-stores, announced that they have engaged the services of a new public accounting firm for the purpose of providing timely SEC compliant audits and filings.
MaloneBailey is an international firm, with offices in Houston, New York, Shenzhen, and Beijing. They were named by Inside Public Accounting as a 2011 Top 200 Firm, and a 2012 All Star Firm.
"We needed an auditing firm that could grow with us and provide us with the services we need as a rapidly expanding company," said Shannon Illingworth, Founder and Chairman of AVT, Inc. "MaloneBailey audits more microcaps trading on U.S. stock exchanges than any other company in the world, and has extensive experience navigating the complexities of SEC compliance," he added. "We look forward to working with them, and fully utilizing their expertise."
AVT is a global company, sourcing certain components in China and throughout the world. "I frequently travel to China to monitor our operations and purchase componentry," stated James Winsor, CEO of AVT, Inc. "With an accounting firm that has offices in China, I will be able to utilize their local expertise to help audit important financial documents and provide transaction oversight with speed and accuracy."
The first order of business for MaloneBailey will be to audit outstanding financial reports, create all necessary filings, and provide future reporting on a timely basis.
"It is vital that we provide our shareholders and the investment community with accurate financial documents in a timely manner," Illingworth commented. "I am confident that our new auditing partner will enable us to reach this goal."
For more information on AVT, visit the website at: www.autoretail.com, or call 800-240-5175.
About AVT, Inc:
AVT is a leading developer of customized automated retailing systems, Micro-Stores, and self-service solutions. Divisions include design, manufacturing, software engineering, leasing, media, and technology licensing. 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. AVT is uniquely qualified to take projects from concept to completion with speed, economy and ingenuity. For more information, visit: www.Autoretail.com
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
SOURCE AVT, Inc.