AVT, Inc. Second Quarter Financials Show Strong Gains
Revenue increase based on escalation of production
Sep 06, 2011, 12:00 ET
CORONA, Calif., Sept. 6, 2011 /PRNewswire/ -- AVT, Inc., (formerly Automated Vending Technologies) (Ticker: AVTCD.PK) (www.autoretail.com), released consolidated financial statements for the period ending June 30, 2011, and they showed strong gains in key areas.
In the report filed with the SEC, revenues climbed from the end of first quarter 2011, to the end of second quarter. Gross profit also showed substantial increases.
Second quarter income surged from first quarter, a fact that company founder Shannon Illingworth attributes to the move of many projects from development, to pilot programs, to mass production.
"AVT continues to execute on our business plan, which identified key areas where we could attain leadership positions; develop the products that would meet these market needs; and turn our pilot programs into production on a large scale basis."
Further details on the company and more information on AVT and their self-service retailing systems, customized vending solutions, and automated stores, can be found on the company websites at: www.avtinconline.com or www.autoretail.com.
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT's stock is currently traded through the OTC Markets, Ticker Symbol: AVTCD.PK
SOURCE AVT, Inc.
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