CORONA, Calif., Feb. 18, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines and automated retail stores announced that their shares jumped over 15% on Friday, presumably on news that the federal government took a significant step toward legitimizing the marijuana industry.
The Washington Post stated, "The Obama administration on Friday gave the banking industry the green light to finance and do business with legal marijuana sellers, a move that could further legitimize the burgeoning industry."
AVT provides biometrically secure storage and dispensing systems to a leader in the marijuana industry, as well as vapor pen dispensers nationwide.
The sector is already up 150% in 2014 according to Newsweek, and up 385% since January 1, 2013, according to Mainstreet.com.
CNN Money reported on the recent surge in marijuana stocks, and noted that Medbox, a valued customer of AVT, was up more than 20%.
NBC News summed it up best when they stated, "Investors see legal marijuana as growth industry."
To read the CNN Money article, visit:
To read the Washington Post article, visit:
To read the Mainstreet article, visit:
To read the Newsweek article, visit:
To read NBC News article, "Investors see Growth in Marijuana Industry," visit:
For more information on AVT, their systems for the marijuana industry, or their portfolio of custom automated retailing systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
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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 risks, uncertainties and contingencies, many of which are beyond our control. Forward-looking statements are subject to assumptions regarding future business strategies that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry, competition, customer's 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.