Leading Analyst Updates Report on AVTC
"AVT's top line revenue has grown on average 45% per year"
CORONA, Calif., June 10, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a technology leader in developing automated retailing systems, customized kiosks and micro-stores, announced that they have received an updated recommendation from IPODesktop.com, one of the world's most respected sites for stock analysis.
The report stated that AVT's top line revenue has grown on average 45% per year for the past five years, and continues to increase for the fiscal year ending December 31, 2012.
"AVT is in a fast-growing industry," the report stated. "Frost and Sullivan research documented that the automated retailing sector is growing at a 49% compound annual growth rate (CAGR)."
"AVT has positioned itself for growth," James Winsor, CEO of AVT commented. "Our goal is to reach $100 million a year in revenues, so we are carefully acquiring companies and technologies, while placing our own systems into the market."
The report also stated that AVT's patent is an "Industry Game Changer."
"AVT's patent is expected to generate an entirely new, very strong recurring royalty income stream. Industry players will be required to pay AVT royalties on its broad patent, which covers 19 uses, and was re-affirmed 'valid and enforceable' by the US Patent Office as of May 6, 2013."
Francis Gaskins, Editor-in-Chief at IPODesktop.com, is one of Wall Street's best known analysts, and regularly appears on financial programs such as Bloomberg News, Fox News, and CNBC; and in publications including the Wall Street Journal, USA TODAY, and Investors Business Daily. IPODesktop.com was also recently named a "Forbes Best IPO Site."
Gaskins has a degree in Economics from Princeton University, and a Masters in Finance from Harvard Business School.
Regarding AVTC's future, Gaskins noted, "AVT funded all of its technology and patent development internally. This reinvestment in the company will help position AVT for even stronger growth in the future."
For more information on AVT, visit their website at: www.autoretail.com, or call 800-240-5175.
To view the IPODesktop report, visit: http://gaskinsco.com/avtc-short-June.pdf
To listen to Francis Gaskin's interview with Shannon Illingworth (Dec, 2012), visit: http://gaskinsco.com/avtc-12-19-12.mp3
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
SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. Past performance is no guarantee of future results. This report is for information purposes only and should not be used as the basis for any investment decision. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 12228 Venice Blvd., #374, Los Angeles, CA 90066. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com.
SOURCE AVT, Inc.
More by this Source
Pharmacy Times: Market for Automated Systems Expected to Grow to $7.8 Billion
Mar 10, 2014, 09:15 ET
Vending MarketWatch Profiles Company that Got it Right and Generated a 29% Customer Increase
Mar 06, 2014, 09:15 ET
New Obamacare Regulations Spark Growth in Vending Industry
Mar 03, 2014, 09:15 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.