CORONA, Calif., March 3, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Pink Sheets: AVTCD) (www.avtinconline.com), has completed and submitted their application for a NASDAQ listing. The listing application is subject to review and approval by NASDAQ's Listing Qualifications Department for compliance with all NASDAQ Capital Market Standards, however, AVT company executives are confident that they have met all requirements.
As part of their process, the company recently completed a recapitalization with a 1-for-10 Reverse Split of issued and outstanding common stock.
The move to the NASDAQ Exchange is considered an essential step in the growth of AVT, and demonstrates management's commitment to shareholder value.
"A NASDAQ Exchange listing will increase awareness from investment banking firms and make AVT more viable for large institutional investments," James Winsor, CEO of AVT commented. "NASDAQ listed stocks are generally considered more solid investments, and the exchange favors growth-oriented companies such as AVT."
AVT will continue to trade on the Pink Sheets during the application process and will carry their ticker symbol to the NASDAQ.
Subsequent press releases will update shareholders and financial news analysts on the progress of the application process. Questions about AVT and their move to the NASDAQ should be directed to AVT's Investor Relations Department at 951-737-1057.
AVT, Inc. is a leading developer of automated and self-service retailing systems, and is the innovator of VMS and TSM technologies that have become the standard for the industry.
AVT's stock is currently traded through the Pink OTC Markets, Ticker Symbol: AVTCD.
For more information on AVT and their self-service automated retailing systems, visit AVT's Websites at: www.avtinconline.com or www.autoretail.com, or call James Winsor, Chief Executive Officer, at 951-737-1057.
This press release makes forward-looking statements including that AVT plans to satisfy all initial listing requirements, but cannot guarantee immediate qualification for a NASDAQ listing.
SOURCE AVT, Inc.