CORONA, Calif., March 4, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com) was featured in an in-depth article in the Press Enterprise newspaper, that stated that Shannon Illingworth, AVT's company Founder and Chairman, is "A visionary… the Steve Jobs of automated retailing."
Illingworth, according to the Press Enterprise, is at the helm of one of the fastest growing companies in America, with revenues that have more than tripled since 2008.
The company's forecast for 2014 also shows strong growth. As stated in a recent Investor Conference, the company is now also generating revenues from several new divisions, including technology licensing, backend management, and leasing and financing.
According to the Press Enterprise, the company plans on expanding sales to $100 million and beyond.
Among Illingworth's recent accomplishments is the partnering with Marley Coffee to build automated cafes that provide freshly-ground, gourmet beverages in a more convenient manner and less expensively than Starbucks.
AVT has also recently built micro-stores and automated retailing systems for Dr. Scholl's footwear products, Deepak Chopra's yoga accessories, and the extraordinary Kardashian Cosmetic Center.
"We grew over 50% last year, in part due to our ability to innovate and attract the biggest brands in the world," Illingworth stated. "From Wal Mart to Wrigley's, Rug Doctor to Blue Rhino, and the Kardashians to Quiksilver, we are literally redefining the concept of retailing virtually every day."
"Consider the statistics: global shipments of these smart machines are forecast to grow at a 49 percent annual rate through 2016," said Dan Mathews, executive vice president of the North America Merchandising Association. "Thus, the future of automated retailing looks exceedingly bright."
Marc Andreessen, creator of Netscape and noted venture capitalist, goes a step further, predicting that brick-and-mortar stores are dying and that "technology-based systems will be the new models."
Illingworth agrees. "One of our valued partners is now working to place automated prescription vending systems in Walgreen's stores across the nation," he stated. "With over 8,400 locations, the potential impact not only for our company, but for how retailing is transacted in America, is enormous."
To view the article in the Press Enterprise, visit: http://www.pe.com/business/business-headlines/20130225-retail-inland-company-pioneers-automated-micro-stores.ece
To view AVT's recent Investor Conference Call, visit: https://vimeo.com/60851862
For more information on AVT, please call 800-240-5175 or visit the website at www.autoretail.com.
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
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SOURCE AVT, Inc.